Income Tax Return Filing
CA FOR ITR FILING
ITR filing is the most important task for every individual in our country which not only supports the government but provides peace of mind for every taxpayer. Filing process seems very simple as far as Income tax portal is concerned but legal and technical difficulties make things go wrong many times. Here comes our role when you search for CA near me for ITR.
Our team of Chartered Accountants, Articled Assistants and Semi-Qualified staff have high quality experience. Our specialisation in ITR filing is not only restricted to ITR form for salaried or businesspersons but also towards trending complicated transactions like futures & Options, ESOPs, RSUs, ESPPs, Foreign Shares, Crypto, REIT, etc.
Benefits of Using Bookkeeping Services
- Accuracy: Correctness and Accuracy as Return is prepared with reconciliation with Annual Information Statement (AIS), Tax Information Statement (TIS), 26AS, Form 16, Salary Slips and bank Statement.
- Document Custodians: We act as custodian of your crucial documents; this helps in providing you documents as an when demanded even on later date or later year.
- Confidentiality: We understand the importance of confidentiality of Information provided by our clients.
- Multilingual Support: We are available to communicate in multiple languages.
- Compliance: We responsibly help you for comply with Tax laws.
- Year-Round Support: Clients in our network receive help throughout the year for multiple financial, transactional and legal consultancy requirements.
- Timely Alerts: We provide reminders to our clients of important due dates.
Who is Required to File an Income Tax Return
ITR filing becomes mandatory under multiple scenarios, not only when income exceeds the exemption limit. Also, if following conditions are met.
- Gross total income exceeds the basic exemption limit
- TDS has been deducted and refund is to be claimed
- Foreign assets or foreign income exist
- High-value transactions are reported in AIS
- Deposit above prescribed limits in bank accounts
- Electricity consumption exceeds prescribed threshold
- Foreign travel expenditure beyond specified limits
- Company or firm (mandatory irrespective of income)
- Carry forward of business or capital losses is required
- Loan and Visa processing requirements
Types of Income Covered in ITR
- Income from Salary
- Income from House Property
- Profits and Gains from Business or Profession
- Capital Gains
- Income from Other Sources
Types of ITR Forms
ITR-1 (SAHAJ) | For resident individuals with total income up to ₹50 lakh from salary/pension, one house property, other sources, agricultural income up to ₹5,000, or capital gains u/s 112A up to ₹1.25 lakh. |
ITR-2 | For individuals and HUFs earning from any source except business or profession, and who don’t qualify for ITR-1. |
ITR-3 | For individuals and HUFs with income from business or profession, along with any other income head. Applicable if not eligible for ITR-1, 2, or 4. |
ITR-4 (SUGAM) | For individuals, HUFs, and firms (excluding LLPs) declaring business income on a presumptive basis (u/s 44AD/44ADA/44AE), with income up to ₹50 lakh from salary, one house property, or other sources. |
ITR-5 | For partnership firms, LLPs, AOPs, BOIs, cooperative societies, and similar entities. |
ITR-6 | For companies registered under the Companies Act. |
ITR-7 | For trusts, political parties, and charitable institutions. |
ITR-U (Updated Return) | Missed your filing? You can file a revised return within 48 months of the relevant assessment year. |
Get in Touch
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STEPS TO GET YOUR INCOME TAX RETURN FILING WITH US
What you need is simple and fast.
1
Connect
Reach us through Direct Call/ Whatsapp/ Mail
2
Consult
Our Professionals will discuss the nature of Income applicable to you
3
Submit
Send us your Documents for Income Tax Filing.
4
Review
Our team will Draft Your Income Tax Return (also known as Draft Computation).
5
Approve
Once Draft Computation is accepted by you, we will Submit Your ITR.
6
Receive
We provide the Final Computation, Acknowledgement and other relevant documents for your records.
FAQs on ITR Filing in New Delhi
For AY 2026-27, For most individuals (salaried/non-audit cases), the deadline is July 31, 2026. If you miss this, you can still file a "belated return" until December 31, 2026, but you will be charged a late filing fee (up to ₹5,000) and interest on any unpaid tax. Missing the deadline also means you lose the right to carry forward certain business or capital losses to future years.
Keep the following documents handy:
Identity Proof: PAN and Aadhaar (ensure they are linked).
Income Proof: Form 16, salary slips, and interest certificates from banks.
Tax Statements: Form 26AS and your Annual Information Statement (AIS).
Investment Proofs: Receipts for tax-saving investments (e.g., 80C instruments, health insurance premiums) and housing loan interest certificates.
Yes, in many cases. TDS is only one part of your tax story. If your total gross income exceeds the basic exemption limit, or if you meet other specific criteria (such as high-value bank deposits, foreign travel, or electricity expenditure), you are legally required to file an ITR, regardless of whether TDS was deducted.
When you switch jobs, there is a risk that both employers might have considered the basic exemption limit, leading to an under-deduction of TDS. If your total estimated tax liability for the year exceeds ₹10,000, you are liable to pay advance tax to avoid interest penalties under Section 234C. It is advisable to consolidate your income from both employers and recalculate your tax liability.
Not necessarily every year, unless you meet the criteria for mandatory filing (like crossing the income threshold or having foreign assets). However, once you start, it is highly recommended to continue filing annually to maintain a clean financial record, which is essential for future loan approvals, visa applications, and credit assessments.
It is strongly advised not to skip filing. To carry forward these losses to offset against future capital gains (reducing your future tax liability), you must report them in your ITR and file your return before the due date.
Yes, salaried individuals have the flexibility to switch between the new and old tax regimes every financial year. You can select your preferred regime directly while filing your ITR, provided you do so before the due date. Note that business professionals face stricter rules regarding this switch.
Once your ITR is filed and verified, the Income Tax Department processes it. While many refunds are processed within a few weeks, the timeline can vary depending on the complexity of your return. You can track the status of your refund on the official income tax portal using your PAN and the relevant Assessment Year.
Final Thought: We always recommend to choose your expert wisely, because it’s not just filing an ITR form, it’s a legal and social responsibility as well. Just as you would only allow a trained driver to drive your favourite car.
New GST Compliance Checklist for 2026
As we move into 2026, the GST landscape in India has become more technology-driven and strictly monitored. For business owners in East Delhi and beyond, staying compliant is no longer just about filing returns; it is about ensuring data accuracy across the new GST 2.0 framework.
1. The 3-Year “Time-Bar” Rule
Effective January 1, 2026, a crucial update has been implemented: GST returns older than 3 years can no longer be filed. This applies to GSTR-1, GSTR-3B, and GSTR-9. If you have pending returns from 2022 or 2023, you must address them immediately to avoid permanent loss of Input Tax Credit (ITC).
2. Mandatory Invoice Management System (IMS)
The new IMS is now live on the GST portal. It allows taxpayers to accept, reject, or keep purchase invoices pending.
- Action Required: Reconcile your GSTR-2B with your books weekly.
- Benefit: Proper use of IMS prevents future notices and ensures your ITC claims are never blocked.
3. Updated Bank Account Validation
Ensure your professional bank account is linked to your GST profile. Under the 2026 rules, failure to furnish valid bank details within 30 days of registration (or before filing GSTR-1) will result in automatic suspension of your GSTIN.
4. March 2026 Year-End Checklist
- Reconcile Turnover: Match your GSTR-1 vs. GSTR-3B vs. Books of Accounts.
- LUT Renewal: Fresh Letter of Undertaking (LUT) for FY 2026-27 must be filed before April 1.
- HSN Compliance: Ensure 6-digit HSN codes are mentioned for businesses with turnover > ₹5 Crores.
Important Professional Disclosure This checklist is provided by CA Harsh Gupta & Associates for informational purposes only. We are a private professional firm and are not affiliated with the GSTN or the Ministry of Finance. For official notifications, please visit the GST Portal.