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Income Tax Return Filing Services

Accurate, timely ITR filing for individuals, HUFs, professionals, businesses and NRIs — for AY 2026-27 and earlier years.

Filing an Income Tax Return (ITR) correctly is more than data entry — it involves regime selection, deduction optimisation, capital gains computation, foreign asset disclosure and reconciliation with AIS/TIS/26AS. SKAG and Associates handles ITR filing for salaried individuals, professionals, businesses, partnerships, companies, HUFs and NRIs — ensuring zero notice exposure and full compliance with the Income Tax Act 1961 (and the upcoming Income Tax Act 2025 from FY 2026-27).

What our Income Tax Return Filing service covers

Regime selection advisory Detailed comparison of tax liability under New Regime (Section 115BAC) vs Old Regime for your specific income profile.
AIS / TIS / 26AS reconciliation Match every entry in the Annual Information Statement against your books. Flag discrepancies before filing.
Capital gains computation Equity, mutual funds, property, gold, crypto-VDAs — with indexation, exemptions under Sections 54/54EC/54F and grandfathering for LTCG.
Foreign income & asset disclosure Schedule FA, FSI, TR completion for NRIs, returning Indians, and Resident & Ordinarily Resident with foreign holdings.
Deduction maximisation Identify every eligible deduction under Chapter VI-A (80C, 80D, 80G, 80E, 80EEA, NPS, etc.) and exemptions under Section 10.
Revised / belated return handling Revised returns under Section 139(5) and belated returns under Section 139(4), with late fee computation under Section 234F.

How the engagement works

1
Engagement letter & data request Initial consultation to understand income heads. We send a comprehensive checklist tailored to your profile.
2
Document collection Form 16, capital gains statement, bank interest certificates, rent receipts, donation receipts, foreign asset details.
3
AIS download & reconciliation We pull your AIS, TIS and Form 26AS, then match each entry against your books. Discrepancies are highlighted with you.
4
Computation & regime comparison Tax computation under both regimes. Final regime selection based on your written approval.
5
ITR drafting & review Draft ITR shared with you for review. We walk through each schedule, including refund/payable position.
6
Filing & acknowledgement E-filing through your portal or our authorised CA portal access. ITR-V e-verification within 30 days.

Documents required

  • PAN and Aadhaar (linked)
  • Form 16 / Form 16A (TDS certificates)
  • Bank account details with IFSC
  • Interest certificates from banks/post office
  • Capital gains statements (broker/mutual fund)
  • Rental income details + rent agreement
  • Section 80C investment proofs (PPF, LIC, ELSS, NSC, etc.)
  • Section 80D health insurance premium receipts
  • Home loan interest certificate (Form 16B)
  • Property purchase/sale documents (if any)
  • Foreign asset / foreign income details (for ROR)
  • Previous year ITR copy

Which ITR form applies to me?

The correct ITR form depends on your income sources and residential status:

ITR FormWho can use itWho cannot use it
ITR-1 (Sahaj)Resident individuals with income up to Rs 50 lakh from salary, one house property, other sourcesCapital gains, foreign income, more than one house property, business income, agricultural income above Rs 5,000
ITR-2Individuals/HUFs without business income, including capital gains, multiple house properties, foreign incomeBusiness or professional income
ITR-3Individuals/HUFs with income from business or professionCompanies, LLPs
ITR-4 (Sugam)Presumptive income under Section 44AD, 44ADA, 44AE (turnover up to Rs 2 crore / Rs 50 lakh)Capital gains, foreign assets, agricultural income above Rs 5,000

Key due dates for AY 2026-27 (income earned in FY 2025-26)

  • 31 July 2026 — ITR filing for non-audit cases (most individuals and small businesses under 44AD/44ADA)
  • 30 September 2026 — Tax audit report filing (Form 3CD)
  • 31 October 2026 — ITR filing for tax audit cases
  • 30 November 2026 — ITR for transfer pricing cases
  • 31 December 2026 — Belated return / Revised return for AY 2026-27 with late fee under Section 234F

New vs Old Regime — which to choose?

From AY 2024-25, the New Regime under Section 115BAC is the default. To opt for the Old Regime, you must explicitly select it while filing. Key differences:

  • Old Regime: Higher tax rates but allows 70+ deductions (80C, 80D, HRA, LTA, etc.) and exemptions
  • New Regime: Lower tax rates and Rs 75,000 standard deduction (salary), but most deductions are not allowed

For most salaried taxpayers with home loan + 80C + 80D investments, the Old Regime often remains beneficial. For taxpayers without significant deductions, the New Regime is cleaner and cheaper. Use our free Regime Comparison tool for instant analysis.

What we check before filing

Before submitting your ITR, our team verifies the following to prevent notices:

  • AIS & TIS reconciliation — every entry matched, discrepancies flagged
  • Form 26AS — TDS credits and high-value transactions
  • Capital gains — broker P&L statements cross-verified with AIS
  • Bank interest — Section 80TTA/80TTB deduction correctly applied
  • House property — rent receipts, municipal tax, interest on housing loan limit
  • Foreign assets — Schedule FA disclosure (mandatory for ROR, even if NIL income)
  • Tax computation — rebate under Section 87A correctly applied where eligible

Common notices we help respond to

If you have received a notice for an earlier ITR, we handle responses to:

  • Section 143(1) — Intimation for arithmetic errors or adjustments
  • Section 142(1) — Notice to file return or produce books
  • Section 139(9) — Defective return notice
  • Section 245 — Adjustment of refund against demand
  • Section 148 — Reassessment notice for escaped income
  • Section 245C — e-Verification / questionable transactions

Frequently asked questions

What is the deadline for ITR filing AY 2026-27? +

For salaried individuals and non-audit cases, the due date is 31 July 2026. For tax audit cases, it is 31 October 2026. Filing after the due date attracts late fee of up to Rs 5,000 under Section 234F (Rs 1,000 if total income is below Rs 5 lakh).

Can I file ITR myself or do I need a CA? +

For straightforward salary-only ITR-1 cases, the income tax portal’s pre-filled return is usable. However, the moment you have capital gains, foreign income, multiple house properties, presumptive business income, or want to optimise between regimes — the cost of a wrong filing (notice, refund delay, scrutiny risk) usually exceeds the professional fee. We recommend professional filing for everyone above Rs 10 lakh income or with any non-salary income head.

What if I have missed the ITR filing deadline? +

You can file a belated return under Section 139(4) until 31 December of the assessment year. Late fee under Section 234F applies (Rs 1,000 or Rs 5,000 depending on income), plus interest under Sections 234A/B/C on unpaid tax. After 31 December, only an updated return under Section 139(8A) can be filed within 24 months from the end of the AY, with additional tax (25% or 50%).

I am an NRI. Do I need to file ITR in India? +

You must file an ITR in India if you have any India-source income exceeding the basic exemption limit (typically Rs 2.5 lakh) — including rental income from Indian property, interest on NRO accounts, capital gains on Indian shares/property, or India-source pension. ITR-2 is typically the applicable form. We also help with DTAA benefit claims via Form 67.

Will I get a refund if excess TDS was deducted? +

Yes. After filing the ITR, refunds are typically processed within 4-12 weeks if the ITR is e-verified within 30 days of filing. The refund is credited directly to your pre-validated bank account. We help track the refund status and respond to any verification queries.

Does filing ITR affect my CIBIL or loan eligibility? +

Yes — positively. Filed ITRs are accepted as primary income proof by banks for home loans, vehicle loans, and credit card upgrades. Most lenders require last 2-3 years' ITR copies. Consistent ITR filing also improves your visa application credibility (US, UK, Schengen, Canada all assess ITR as income evidence).

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