ITR Filing

For FY 2025-26 (AY 2026-27), the due date is 31 July 2026 for salaried individuals filing ITR-1 or ITR-2 and 31 August 2026 for ITR-3 and ITR-4 (business and professionals, non-audit). Audit cases are due 31 October 2026 and transfer-pricing cases 30 November 2026. A belated return can be filed up to 31 December 2026 with fees and a revised return up to 31 March 2027. We file you well before your deadline.

You can still file a belated return up to 31 December 2026, but with a late fee of ₹1,000 (income up to ₹5 lakh) or ₹5,000, plus 1% monthly interest on any unpaid tax under Section 234A. You also lose the ability to carry forward most losses and may be locked into the new regime. Beyond December, only an updated return (ITR-U) is possible, within 48 months and with additional tax. Filing on time avoids all of this.

Section 234F imposes a late fee for filing after the due date: ₹1,000 if your total income is up to ₹5 lakh and ₹5,000 otherwise. It’s a flat fee separate from any interest on unpaid tax. Combined with lost loss carry-forward and possible regime lock-in, late filing costs far more than the fee alone. We file on time precisely so you never incur it.

Interest under Section 234A applies at 1% per month on unpaid tax from the due date until you file. Sections 234B and 234C apply to shortfall or deferment of advance tax. So late filing with tax outstanding compounds: late fee plus monthly interest. We compute and clear any self-assessment tax before filing and file on time, so interest doesn’t accrue on your return.

Filing after the due date means you generally cannot carry forward capital, business and speculation losses to set against future income a real, lasting tax cost if you had losses this year (house-property loss is an exception). Once lost, that carry-forward can’t be recovered. This is one of the strongest reasons to file on time, especially for investors and business owners and a key thing we protect by filing before your deadline.

If you’ve paid more tax than due, the excess is refunded to your pre-validated bank account after the return is processed. Refunds usually arrive within a few weeks of e-verification, though timing varies. The keys to a fast refund are accurate filing, correct bank pre-validation and prompt e-verification. We help set all three up and track your refund through to credit.

Yes. If your employer, bank or client deducted more TDS than your actual tax liability, filing your ITR is how you claim the excess back as a refund. This is one of the most common reasons salaried people and freelancers file even when not strictly required. We make sure all your TDS reflected in Form 26AS is claimed and the refund is routed to your validated bank account.

Common causes include an unvalidated or wrong bank account, a return that wasn’t e-verified, a mismatch between your return and AIS/26AS or unclaimed TDS credit. Filing late also slows refunds. We prevent these by reconciling before filing, claiming all your TDS, pre-validating your bank account and e-verifying promptly then tracking the refund to credit and following up if it stalls.

To receive an income-tax refund, your bank account must be pre-validated on the e-filing portal and linked to your PAN an unvalidated or incorrect account blocks or delays the refund. It’s a small step that trips up many DIY filers. We help pre-validate the correct account before filing so your refund has a clear path to credit and isn’t held up on a technicality.

Yes. NRIs must file an Indian ITR if their India-source income exceeds the exemption limit or to claim a refund of TDS. NRIs typically use ITR-2 (or ITR-3 with business income), report Indian income such as rent, interest and capital gains and can claim relief under a Double Taxation Avoidance Agreement (DTAA). We handle NRI returns including foreign-asset (Schedule FA) and DTAA aspects, fully online, wherever you live.

Yes. Capital gains on shares, mutual funds and property are taxable, with rates depending on holding period and asset type and exemptions available (such as Sections 54/54F for property). Gains on virtual digital assets like crypto are taxed at a flat 30% and reported in Schedule VDA. These must be reported accurately to avoid notices. We compute your gains, apply eligible exemptions and file the correct schedules.

Selling property triggers capital gains, taxed by holding period, but the tax can often be reduced or deferred using exemptions under Sections 54, 54F or 54EC for example, by reinvesting in another residential property or specified bonds within the prescribed time. Missing these exemptions means overpaying. We compute the gain correctly, apply every exemption you qualify for and file the right form so a property sale doesn’t cost you more tax than necessary.

Freelancers and professionals report business or professional income, often using the presumptive scheme under Section 44ADA (eligible professionals) or 44AD (small businesses), which taxes a presumed percentage of receipts and simplifies filing. They use ITR-3 or ITR-4. Expenses, advance tax and the right regime all matter. We optimise the approach so freelancers in Vasai-Virar pay the least legal tax while staying compliant.

If your income is below the exemption limit, filing isn’t mandatory but it can still be worth it. Filing a nil return creates a financial record useful for future loans, visas and scholarships and lets you claim a refund of any TDS deducted (for example, on a fixed deposit). For first-time filers and students in Vasai-Virar, we make the process simple and guide you through it.

Yes that’s exactly where professional filing pays off. Salary from multiple employers (all Form 16s must be included), interest, capital gains, freelance income and rent each have their own treatment and combining them correctly is where DIY filers slip. We consolidate every source, reconcile it against AIS and 26AS, pick the form that covers your full profile and file one correct return so nothing is understated and no source triggers a mismatch notice.

A belated return is filed after the due date but by 31 December 2026, with fees and interest. A revised return corrects mistakes in an already-filed return and can be filed up to 31 March 2027. An updated return (ITR-U) lets you report previously omitted income within 48 months of the assessment year’s end, with additional tax but it can’t be used to claim new refunds or reduce tax. We advise which applies to your situation.

Yes. If you spot an error in a return you’ve already filed a missed income, a wrong deduction, an incorrect figure you can file a revised return to correct it, up to 31 March 2027 for AY 2026-27. There’s no penalty simply for revising within the window. We review the original return, correct the error, reconcile it against AIS/26AS and re-file so your record is accurate.

Yes. If you receive a notice for a mismatch, defective return or query, we review it, prepare the response with supporting documents and file it within the deadline to resolve the matter. Many notices arise from simple AIS or TDS mismatches that we prevent at filing. If you’re an existing client, notice support is part of how we stand behind our work.

It’s a myth that salaried filers don’t get notices. The most common trigger is a mismatch between your return and your AIS or Form 26AS for example, interest income or a high-value transaction reported in AIS but omitted from your return. Incorrect TDS claims and pre-filled data that wasn’t verified also cause them. We reconcile everything against AIS/26AS before filing, which is the single best way to avoid these notices.

Not blindly. Pre-filled figures on the e-filing portal can be incomplete or wrong and filing on them without checking is a common mistake. They must be verified against your own records your Form 16, interest certificates, capital-gains statements and AIS. We cross-check the pre-filled data against your actual documents before filing, so errors in the portal’s data don’t become errors in your return.

There’s no government fee to file on the portal. You pay our professional fee, which is fixed per category a simple salaried return costs less than a business or capital-gains return plus 18% GST on that fee. Separately, you pay any actual tax due to the government. We disclose the full professional fee upfront based on your category, with no hidden charges.

Because the work varies with your income complexity. A single-Form-16 salaried return is quick; a return with capital gains across shares, mutual funds and property or business income with books and presumptive computation, involves far more reconciliation and computation. We price to the actual category so you’re not overpaying for a simple return or under-served on a complex one and we tell you the fee upfront before we start.

We’re a local Vasai-Virar practice serving salaried professionals, freelancers, businesses, NRIs and senior citizens across Vasai, Virar and Nalasopara. Because ITR filing is entirely online, we also serve taxpayers across the wider Mumbai Metropolitan Region and beyond including NRIs filing from abroad fully over WhatsApp, email and the portal. Local clients are welcome at our office on Mahatma Gandhi Road, near T.B. College. Distance is no barrier to an accurate, on-time return.

Because your return simply gets filed accurately and on time, with the maximum legal refund and we stand behind it if a notice arrives. We compare both regimes, reconcile against AIS/26AS before filing, claim every deduction, e-verify promptly, track your refund to credit and reply quickly on call and WhatsApp. We’re a local Vasai-Virar practice handling income tax, GST, TDS and accounting under one roof and we’ll also prepare you for the new Income Tax Act, 2025 next year.