Income Tax Return Filing Services in India

EzyBiz India provides professional Income Tax Return Filing Services in India for individuals, salaried employees, self-employed persons, proprietors, professionals, investors, traders, NRIs, HUFs, partnership firms, LLPs, companies and other taxpayers.

Income tax return filing is not merely an exercise of uploading an ITR form. The return should correctly disclose income from all applicable sources, claim eligible deductions and exemptions, report capital gains and losses, reconcile taxes deducted and paid, disclose specified assets and transactions and select the correct income-tax return form.

Our tax professionals assist clients with preparation, review and online filing of income tax returns involving simple as well as complex income situations, including:

Salary and pension income
Income from house property
Interest and dividend income
Proprietorship business income
Professional income
Presumptive taxation
Non-audit business returns
Tax audit cases
Sale of shares
Mutual fund transactions
Futures and options trading
Intraday share trading
Sale of property
Capital gains and capital losses
Cryptocurrency and Virtual Digital Assets
Foreign income and assets
NRI income
Rental income
Partnership firm and LLP income
Company income
Tax refunds
Brought-forward losses

For wider tax planning, advisory and compliance assistance, businesses and individuals can also explore Tax and Regulatory Advisory Services in India and Direct Tax Advisory Services in India.

Professional Income Tax Return Filing in India

Every taxpayer’s financial position is different.

A salaried individual with only salary and bank interest may have a relatively straightforward tax return. However, the return can become considerably more complex where the taxpayer has:

Multiple employers
More than one house property
Capital gains
Share transactions
Mutual funds
Futures and options
Intraday trading
Cryptocurrency
Proprietorship business
Professional income
Foreign income
Foreign assets
NRI status
Brought-forward losses
High-value transactions
Multiple TDS entries

Selecting the correct ITR form and correctly classifying each income stream is therefore important.

EzyBiz India assists taxpayers throughout India through an online return-preparation and filing process.

Who Can Use Our ITR Filing Services?

Our tax return filing services are available for:

Salaried Employees

We assist employees having income from:

Salary
Bonus
Incentives
Allowances
Perquisites
Pension
Multiple employers
Employee Stock Options
Bank interest
Dividend
House property
Capital gains
Other investments

The return is prepared after reviewing relevant information including Form 16, Form 26AS, AIS and other financial records.

Self-Employed Individuals

Self-employed taxpayers may have receipts from independent business, consultancy, freelancing, trading or other activities.

We assist with classification of business/professional income, allowable expenditure, presumptive taxation where applicable and selection of the appropriate ITR.

Proprietorship Businesses

A proprietorship is not taxed as a separate legal person. The proprietor generally reports the business income in his or her individual income-tax return.

We assist proprietors with:

Turnover and gross-receipt review
Profit and loss account
Business expenses
Depreciation
Balance-sheet information
GST turnover reconciliation
TDS reconciliation
Presumptive taxation
Tax audit applicability
Business losses
Capital gains
Other personal income

ITR Filing for Non-Audit Proprietorship Businesses

Not every proprietorship business is required to undergo tax audit.

Where tax audit is not applicable, the proprietor may still be required to file the appropriate income-tax return containing business-income particulars.

Our non-audit ITR filing services may include:

Review of turnover
Review of books or available financial records
Profit computation
Expense classification
Depreciation
Bank reconciliation
GST turnover reconciliation where relevant
TDS and advance-tax review
Presumptive taxation analysis
Selection of ITR-3 or ITR-4, as applicable
Filing and verification of return

Whether tax audit applies should be evaluated separately under the applicable provisions and facts of the case.

ITR Filing Under Section 44AD

Eligible small businesses may consider presumptive taxation under section 44AD subject to the prescribed conditions.

Under the presently applicable framework, the turnover threshold can extend up to ₹3 crore where cash receipts do not exceed the prescribed 5% condition; otherwise the ordinary threshold is ₹2 crore.

The scheme is subject to eligibility conditions and is not available for every business.

Before opting for section 44AD, it is important to examine:

Nature of business
Turnover
Cash receipts
Actual profitability
Books of account
Brought-forward losses
Tax audit implications
Future consequences of opting out of the scheme

The presumptive scheme should therefore not be selected merely because it results in a simpler return.

ITR Filing for Professionals Under Section 44ADA

Specified professionals may be eligible for presumptive taxation under section 44ADA.

The current gross-receipt threshold can extend up to ₹75 lakh where cash receipts do not exceed the prescribed 5% condition; otherwise the ordinary threshold is ₹50 lakh.

Eligible professions include specified professional activities under the income-tax law.

Our services may include:

Gross-receipt reconciliation
Review of Form 26AS and AIS
Review of business/professional expenses
Comparison of regular and presumptive computation
Assessment of section 44ADA eligibility
Selection of the appropriate return form
Filing and verification

ITR Filing for Tax Audit Cases

Businesses and professionals whose circumstances attract tax audit requirements need to coordinate their income-tax return with the applicable audit report.

Our tax team can assist with:

Tax computation
Financial-statement review
Tax-audit coordination
Depreciation
Business disallowances
TDS compliance review
GST reconciliation
Brought-forward losses
Audit-report reconciliation
Return preparation and filing

For detailed audit-related assistance, visit Tax Audit and Certification Services in India.

Income Tax Return Filing for Professionals

We assist professionals including eligible:

Chartered accountants
Advocates and legal professionals
Doctors
Engineers
Architects
Consultants
Technical professionals
Interior designers
Other specified professionals

The appropriate method of reporting depends upon the nature of profession, gross receipts, books maintained, expenses and applicability of presumptive taxation.

Need Professional Help Filing Your Income Tax Return?

Whether your income comes from salary, business, profession, shares, mutual funds, property, cryptocurrency or multiple sources, our tax professionals can assist with correct computation, reconciliation and filing.

Need Professional Business Advisory Support?

Speak with our experienced professionals for practical assistance with your business, tax and regulatory requirements in India.

Speak With Our Experts

ITR Filing for Share Investors

Income tax return filing requires particular attention where an individual has purchased or sold shares during the financial year.

Transactions may include:

Listed equity shares
Unlisted shares
Equity investments
Short-term transactions
Long-term investments
Bonus shares
Rights shares
IPO shares
ESOP shares
Share buybacks
Foreign shares

Depending upon the facts, income from share transactions may be taxable as capital gains or in some circumstances as business income.

The return may require reporting of:

Sale consideration
Cost of acquisition
Date of purchase
Date of sale
Holding period
Short-term capital gain/loss
Long-term capital gain/loss
Applicable securities transaction tax information
Brought-forward capital losses

For AY 2026-27, ITR-2 continues to provide specific schedules for capital gains, including equity shares and equity-oriented funds.

ITR Filing for Mutual Fund Investors

Sale or redemption of mutual fund units may give rise to taxable capital gains.

The tax treatment depends upon factors such as:

Type of mutual fund
Date of investment
Date of redemption
Holding period
Nature of the fund
Applicable tax provisions

We assist with:

Review of capital-gain statements
Consolidation of mutual fund transactions
Cost verification
Short-term and long-term classification
Capital-loss reporting
Set-off and carry-forward review
ITR preparation

Investors should not assume that information appearing in AIS automatically represents the taxable gain. The actual tax computation needs to be determined from the relevant transaction information.

ITR Filing for Futures and Options Trading

Income from Futures and Options transactions requires correct classification and reporting.

F&O transactions may require review of:

Trading turnover
Profit or loss
Brokerage and transaction charges
Business expenses
Books of account
Tax audit applicability
Brought-forward business losses
Other income sources

A taxpayer having F&O income may generally require a business-income return rather than a simple salary return.

Even where F&O transactions result in a loss, timely filing can be important where the taxpayer intends to carry forward eligible losses.

ITR Filing for Intraday Share Trading

Intraday equity trading is generally treated differently from delivery-based investment transactions for income-tax purposes.

The return may require consideration of:

Intraday turnover
Speculative profit or loss
Expenses attributable to trading
Set-off provisions
Carry-forward of losses
Tax audit applicability
Other business and investment income

The correct classification should be determined before filing the return.

Income Tax Return Filing for Capital Gains

Capital gains may arise from sale or transfer of capital assets such as:

Shares
Mutual funds
Property
Land
Bonds and securities
Unlisted shares
Certain other investments

Capital gains may be classified as short-term or long-term depending upon the type of asset and applicable holding period.

The return should correctly report the nature of the asset, sale consideration, acquisition cost, eligible expenses and exemptions, if any.

Eligible capital losses should also be properly reported.

Carry Forward of Capital Losses

Where capital losses cannot be fully adjusted during the same financial year, eligible losses may be carried forward subject to statutory conditions.

Generally:

Long-term capital loss can be adjusted against eligible long-term capital gains.
Short-term capital loss can potentially be adjusted against eligible short-term as well as long-term capital gains.
Eligible capital losses can generally be carried forward for the prescribed period if return-filing conditions are satisfied.

Filing the return within the prescribed due date can therefore be particularly important for taxpayers having investment or trading losses.

ITR Filing for Sale of Property

Sale of residential property, commercial property, land or other immovable property may result in capital gains that need to be reported in the income-tax return.

Property-sale return filing may require review of:

Sale deed
Purchase deed
Acquisition cost
Improvement expenditure
Stamp-duty value
Brokerage
Legal expenses
Holding period
TDS deducted by purchaser
Capital-gain exemptions
Investment in new property
Capital Gains Account Scheme deposit
Other relevant documentation

We assist with computation and reporting of capital gains arising from:

Residential houses
Flats
Commercial properties
Land
Jointly owned property
Inherited property
Gifted property
NRI property transactions

Depending upon the case, exemptions under sections such as 54, 54F or 54EC may require separate evaluation.

Property transactions often involve significant amounts and should be reconciled with AIS and Form 26AS before filing the return.

ITR Filing for Cryptocurrency and Virtual Digital Assets

Transactions involving cryptocurrency and other qualifying Virtual Digital Assets (VDAs) require specific income-tax reporting.

The Income Tax Department’s ITR framework provides a separate Schedule VDA for reporting relevant VDA transactions.

Our services may include review of:

Cryptocurrency sale transactions
Token transactions
Purchase cost
Sale consideration
Exchange statements
TDS relating to VDA transactions
Transaction-wise reporting
Applicable tax computation

Under the current framework, income from transfer of qualifying VDAs is subject to the special tax provisions under section 115BBH.

Taxpayers trading through multiple crypto exchanges should ensure that transactions across all accounts are considered before filing the return.

ITR Filing for Rental Income

Taxpayers receiving rent from residential or commercial property may need to report income under the head “Income from House Property”, subject to the nature and circumstances of the property.

Our return-filing support may include:

Rental-income computation
Municipal-tax review
Housing-loan interest
Co-owned property
Multiple properties
Tenant/TDS information
Property loss
Other income of the taxpayer

ITR Filing for Interest and Dividend Income

Interest and dividend income is frequently reflected in AIS and other tax information systems.

Common income sources include:

Savings-bank interest
Fixed deposits
Recurring deposits
Bonds
Corporate deposits
Dividend from shares
Dividend from mutual funds
Other investment income

One common return-filing mistake is omitting small amounts of bank interest simply because no TDS was deducted.

All taxable income should be considered irrespective of whether TDS has been deducted.

ITR Filing for High-Net-Worth Individuals

HNIs may have multiple income streams and additional reporting requirements.

These can include:

Salary
Directorship income
Multiple properties
Listed shares
Unlisted shares
Mutual funds
Bonds
Foreign investments
Foreign bank accounts
Overseas income
Capital gains
Partnership interests
High-value transactions

Where applicable, asset and liability disclosures and foreign-asset schedules should also be reviewed carefully.

Income Tax Return Filing for NRIs

NRI tax returns require consideration of both residential status and the source of income.

NRIs may need return filing in India for income such as:

Rental income
Property sale
Capital gains
Indian shares and mutual funds
Interest from taxable bank accounts
Salary earned in India
Business or professional income
Other Indian-source income

The return may also involve:

DTAA benefits
Foreign tax credit
Excess TDS refund
Property-sale TDS
Residential-status analysis
Repatriation-related tax documentation

For specialised assistance, visit NRI Taxation Services in India.

Foreign Income and Foreign Assets

Residents having overseas income or assets may have additional Indian reporting obligations depending upon their residential status and the nature of the asset.

Examples may include:

Foreign bank accounts
Overseas shares
Foreign brokerage accounts
Foreign property
Foreign salary
Overseas interest
Foreign dividends
Stock options
Foreign pension
Other overseas investments

Foreign income should also be examined for availability of foreign tax credit and DTAA relief where applicable.

Due to the potential consequences of incomplete foreign-asset disclosure, these returns merit particular care.

ITR Filing for Partnership Firms and LLPs

Partnership firms and LLPs generally have separate return-filing obligations irrespective of the personal returns of their partners.

Return preparation may involve:

Business income
Partner remuneration
Interest to partners
Depreciation
Disallowances
Tax audit
Brought-forward losses
TDS
GST reconciliation
Financial statements

Partners may separately need to report remuneration, interest, share of profit and other income in their personal income-tax returns.

Income Tax Return Filing for Companies

Companies generally have annual income-tax return obligations even where the company has limited operations, losses or no tax payable, subject to applicable law.

Corporate return filing may involve:

Financial statements
Business income
Depreciation
Tax adjustments
Brought-forward losses
TDS
Advance tax
MAT provisions where applicable
Related-party transactions
Tax audit
Transfer pricing
Foreign transactions

Foreign-owned businesses may also require coordination between tax return filing, transfer pricing, statutory audit and corporate compliance.

Choosing the Correct ITR Form

Selecting the correct ITR form is one of the first steps in return preparation.

Depending upon the taxpayer and nature of income, commonly used forms include:

ITR-1

For eligible resident individuals satisfying the prescribed conditions.

For AY 2026-27, the form can cover specified salary/pension, house-property, other-source and limited section 112A long-term capital-gain situations subject to the eligibility conditions.

ITR-2

Generally relevant for individuals and HUFs who are not eligible for ITR-1 and do not have business or professional income.

It is commonly used where there are more complex capital gains, multiple properties, foreign assets or other eligible income sources.

ITR-3

Generally applicable to individuals and HUFs having income from business or profession, subject to the applicable requirements.

Examples may include:

Proprietorship business
Professional income
F&O trading
Intraday trading
Business income together with capital gains

ITR-4

Available to eligible resident individuals, HUFs and firms other than LLPs who satisfy the prescribed conditions and report eligible presumptive business or professional income.

ITR-5

Generally applicable to specified persons such as firms, LLPs and certain other entities that do not file the other prescribed forms applicable to individuals, companies or specified exempt entities.

ITR-6

Generally used by companies other than companies claiming exemption under the specified provisions applicable to charitable/religious entities.

The correct form should always be determined after reviewing the taxpayer’s complete income profile rather than merely the principal source of income.

The current income-tax return forms and utilities can be checked on the official Income Tax Department – ITR Downloads page.

Documents Required for Income Tax Return Filing

The documents required depend upon the taxpayer’s income sources.

Common documents may include:

Basic Information

PAN
Aadhaar
Bank account details
Contact details
Previous year’s return
Previous year’s computation, where relevant

Salary

Form 16
Salary slips where required
Details of previous employer
Exemption and deduction documents

Tax Information

Form 26AS
Annual Information Statement
Taxpayer Information Summary
Advance-tax challans
Self-assessment-tax challans
TDS certificates

Business or Profession

Profit and loss account
Balance sheet
Trial balance
Turnover details
Expense details
Bank statements
GST information
Fixed-asset details
Tax audit report where applicable

Shares and Mutual Funds

Capital-gain statements
Broker statements
Demat statement
Purchase and sale information
Mutual fund capital-gain report
Details of losses brought forward

Property Sale

Purchase deed
Sale deed
Improvement cost
Brokerage
TDS details
Stamp-duty information
Exemption-related investment documents

Cryptocurrency

Exchange transaction statements
Wallet/transaction information where relevant
Purchase cost
Sale consideration
VDA-related TDS

House Property

Rent details
Municipal taxes
Housing-loan interest certificate
Ownership information

Foreign Income or Assets

Foreign-bank statements
Overseas investment statements
Foreign income records
Foreign tax paid
Foreign tax return, where relevant

Form 26AS, AIS and TIS Reconciliation

A careful return-filing process should normally include reconciliation with the information available to the Income Tax Department.

Form 26AS

Form 26AS includes important tax information such as TDS/TCS and specified tax-related information.

Our existing article on Form 26AS and Income Tax Return Filing explains the importance of reviewing Form 26AS while filing the return.

Annual Information Statement

AIS provides broader information reported to the Income Tax Department and may include:

Interest
Dividend
Securities transactions
Property transactions
Foreign remittances
TDS/TCS
Other reported financial information

The Income Tax Department itself describes AIS as a comprehensive information statement that enables taxpayers to review information and provide feedback where necessary.

Taxpayer Information Summary

TIS provides aggregated information derived from AIS that may be used in return preparation and pre-filling.

However, the taxpayer remains responsible for filing a complete and correct return.

AIS and TIS should therefore be reconciled with the taxpayer’s actual records rather than copied mechanically into the return.

Tax Refund Assistance

A taxpayer may become entitled to an income-tax refund where tax deducted or paid exceeds the final tax liability.

Common situations include:

Excess salary TDS
Excess bank TDS
Property transaction TDS
NRI TDS
Advance tax exceeding liability
Lower actual taxable income
Eligible deductions or exemptions not considered by payer

Our return-filing process includes reconciliation of available tax credits and computation of the refund, where applicable.

The refund is processed by the Income Tax Department after filing and processing of the return, subject to departmental verification.

Old Tax Regime vs New Tax Regime

The new tax regime is presently the default regime for eligible individual taxpayers, while eligible taxpayers may opt for the old regime subject to the applicable provisions and procedures.

The more beneficial regime depends upon factors such as:

Salary structure
House-property income
Housing-loan interest
Chapter VI-A deductions
Business or professional income
Capital gains
Other income

Where a taxpayer has business or professional income, switching between tax regimes is subject to additional procedural rules.

Therefore, the old and new regimes should be compared before finalising the return where an option is available.

Filing Returns Having Losses

Income tax return filing can remain important even when the taxpayer has suffered a loss.

Losses may arise from:

Business
Profession
House property
Shares
Mutual funds
F&O
Intraday trading
Other capital assets

Certain eligible losses can be carried forward only where the return is filed within the prescribed conditions and timelines.

A taxpayer should therefore not assume that no return is necessary merely because there is no taxable profit.

Belated Income Tax Return

Where the original statutory due date has been missed, a taxpayer may in eligible circumstances file a belated return within the period permitted under the applicable provisions.

Consequences can include:

Interest
Late filing fee
Restrictions on carrying forward certain losses
Other consequences depending upon the case

The taxpayer should therefore file as early as possible rather than waiting until the final permissible date.

Revised Income Tax Return

Where a taxpayer discovers an omission or incorrect statement after filing a return, a revised return may be available within the prescribed statutory period, subject to applicable conditions.

Common reasons for revision include:

Missing income
Incorrect bank account
Wrong deduction
Incorrect capital gains
Missed TDS
Wrong ITR form
Missing interest income
Incorrect business information

Updated Income Tax Return

In eligible situations, taxpayers may also have the facility to furnish an updated return under the applicable provisions for earlier years, subject to statutory restrictions and payment of applicable tax, interest and additional tax.

An updated return is not a substitute for timely and accurate original filing and cannot be used for every type of correction or claim.

Importance of Filing the Return on Time

Timely filing may help with:

Carry-forward of eligible losses
Timely refund processing
Avoiding late filing consequences
Maintaining tax-compliance history
Loan documentation
Visa documentation
Financial transactions
Responding to future income-tax queries

The exact filing due date depends upon the category of taxpayer, audit applicability, transfer-pricing requirements and any extension announced by the Government.

Taxpayers should confirm the current due date on the official Income Tax e-Filing Portal.

Common Mistakes While Filing Income Tax Returns

Some common mistakes include:

Selecting the wrong ITR form
Not reporting savings-bank interest
Not reporting fixed-deposit interest
Ignoring dividend income
Omitting a second employer
Not reporting share transactions
Incorrect capital-gain computation
Omitting mutual-fund redemptions
Ignoring cryptocurrency transactions
Not reporting property sale
Incorrect house-property income
Missing foreign income
Incomplete foreign-asset disclosure
Ignoring F&O losses
Incorrectly treating intraday trading
Not reconciling Form 26AS
Not reconciling AIS/TIS
Claiming incorrect deductions
Incorrect bank details
Failure to report brought-forward losses

A professional review can be particularly useful where there are multiple income streams or significant transactions.

Why Choose EzyBiz India for ITR Filing?

Professional Review

Our return-filing process considers the nature of income, applicable return form, available deductions, capital gains and relevant reporting requirements.

Complex Return Filing

We assist with returns involving:

Shares
Mutual funds
Property
Cryptocurrency
Business
Profession
Foreign income
NRIs
Multiple sources of income

PAN-India Online Service

Documents and information can be coordinated electronically, allowing us to assist clients across India and overseas.

Tax Reconciliation

We review relevant information appearing in Form 26AS and AIS along with documents supplied by the taxpayer.

Tax Refund Support

Eligible TDS and tax payments are considered while preparing the return and computing refund entitlement.

Assessment and Notice Support

If an income-tax return subsequently results in a departmental query or scrutiny proceeding, clients can separately obtain assistance through our Income Tax Assessment and Litigation Services in India.

Our Income Tax Return Filing Process

Share Your Information

The taxpayer provides the relevant income and tax documents.

Review of Form 26AS and AIS

Available tax information is reviewed and reconciled with documents and explanations.

Determine the Appropriate ITR

We identify the applicable return form based on the taxpayer’s residential status and sources of income.

Compute Taxable Income

Income, deductions, exemptions, capital gains and losses are considered according to the applicable provisions.

Review Tax Position

TDS, advance tax and other tax payments are reconciled against the final liability.

Prepare Income Tax Return

The applicable schedules and disclosures are prepared.

Client Review

Important tax positions and additional information requirements are discussed with the client where necessary.

File the Return

The return is filed electronically on the Income Tax Department portal.

Verification

The taxpayer completes electronic verification through an applicable verification method.

Income Tax Return Filing Services in Delhi

In addition to providing online ITR filing services throughout India, EzyBiz India assists individuals, professionals, proprietors and businesses from its office at District Centre, Janakpuri, New Delhi.

Clients in Janakpuri, Vikaspuri, Dwarka, Uttam Nagar, Tilak Nagar, Rajouri Garden, Paschim Vihar, West Delhi and other areas of Delhi NCR can obtain assistance with:

Income tax return filing
Business and professional returns
Capital gains
Property sale
Share and mutual fund transactions
Tax notices
GST
Accounting
Business compliance

For our wider local professional services, visit Chartered Accountant Services in Delhi.

Related Income Tax and Business Services

Frequently Asked Questions

Who is required to file an income tax return in India?

The requirement depends upon taxable income as well as other statutory filing conditions.

In some situations, filing may be required even where taxable income does not exceed the ordinarily applicable threshold.

Companies and certain other entities may also have return-filing obligations irrespective of whether they have taxable profit.

Can I file an ITR if I have salary and share transactions?

Yes. However, the appropriate ITR depends upon the nature of the share transactions and other sources of income.

Short-term capital gains or more complex capital-gain situations may make a taxpayer ineligible for a simpler return form.

Do I need to report mutual fund sales?

Where mutual fund units are sold or redeemed and the transaction gives rise to reportable capital gains or losses, the relevant information should be disclosed in the appropriate return.

Which ITR should I file after selling property?

An individual having capital gains from sale of property commonly requires a return capable of reporting capital gains, such as ITR-2 where there is no business/professional income or ITR-3 where business/professional income is also present.

The actual form should be determined from the taxpayer’s complete income profile.

Do I need to file ITR for cryptocurrency transactions?

Cryptocurrency and other qualifying Virtual Digital Asset transactions may require reporting in the designated VDA schedule of the applicable return.

I have a proprietorship business but no tax audit. Can you file my return?

Yes. We assist proprietors in non-audit as well as audit cases.

The appropriate return and accounting information depend upon the nature of business, turnover, profit, books of account and whether presumptive taxation applies.

Can I file ITR under section 44AD?

Eligible taxpayers carrying on eligible businesses can consider section 44AD subject to the prescribed turnover and other conditions.

The suitability of the scheme should be reviewed before filing.

Can professionals file under section 44ADA?

Eligible resident professionals carrying on specified professions can consider presumptive taxation under section 44ADA subject to gross-receipt and other statutory conditions.

Which ITR is used for F&O trading?

Individuals having F&O business income commonly require ITR-3 unless another specific situation applies.

The transactions should also be examined for turnover, expenses, loss and audit implications.

Can I carry forward losses from shares?

Eligible capital losses may generally be carried forward subject to applicable set-off rules and timely return filing conditions.

Can F&O losses be carried forward?

Eligible business losses may be carried forward subject to the relevant statutory conditions. Filing the return within the prescribed due date may therefore be important.

Can I claim a refund of excess TDS?

Yes. Where eligible tax credit exceeds the final tax liability, the refund can be claimed through the income-tax return, subject to verification and processing by the Income Tax Department.

What should I do if AIS shows incorrect information?

The reported information should first be reconciled with your actual records. The AIS system provides a mechanism for submitting feedback on reported information.

The return should be prepared on the basis of the correct tax position supported by appropriate records.

Do NRIs need to file income tax returns in India?

An NRI may need to file an Indian tax return depending upon the nature and amount of income taxable in India, applicable exemptions and other filing requirements.

Return filing may also be required or useful for claiming refunds, capital gains reporting or treaty-related claims.

Is the new tax regime compulsory?

The new tax regime is the default regime for eligible individual taxpayers, but eligible taxpayers may choose the old regime subject to applicable provisions and procedures.

Special rules apply where the taxpayer has business or professional income.

Can I revise an income tax return after filing?

An eligible return can generally be revised within the period prescribed by law where an omission or incorrect statement is discovered.

Can I file an income tax return after the due date?

Subject to the applicable provisions, an eligible taxpayer may be able to file a belated return within the permitted period, though late filing may have tax, fee and loss-carry-forward consequences.

Is professional assistance necessary for ITR filing?

Simple returns may sometimes be filed directly by taxpayers.

Professional assistance can be particularly useful where the return involves business income, shares, mutual funds, F&O, property, cryptocurrency, foreign assets, NRIs, multiple income sources or significant deductions and losses.

File Your Income Tax Return with Professional Assistance

Whether you are a salaried employee, investor, proprietor, professional, trader, NRI or business owner, correct income-tax return filing requires consideration of your complete income and transaction profile.

EzyBiz India assists with:

Income computation
Appropriate ITR selection
Form 26AS and AIS reconciliation
Salary and house-property income
Proprietorship and professional income
Presumptive taxation
Shares and mutual funds
F&O and intraday trading
Property capital gains
Cryptocurrency and VDAs
Foreign income and assets
NRI taxation
Loss reporting
Tax refunds
Filing and verification

Need Professional Business Advisory Support?

Speak with our experienced professionals for practical assistance with your business, tax and regulatory requirements in India.

Speak With Our Experts

Important External Resources

Taxpayers may use the official Income Tax e-Filing Portal for income-tax return filing and related compliance.

The latest return forms and utilities are available through the official Income Tax Return Downloads page.

AIS can be accessed after logging into the Income Tax e-Filing Portal under the applicable services menu.

Disclaimer

The information provided on this page is general in nature and is intended for informational purposes only. It should not be treated as tax, legal, investment or financial advice.

Income-tax return forms, tax rates, deductions, exemptions, presumptive-taxation limits, due dates and reporting requirements may change from time to time.

The correct income-tax treatment depends upon the taxpayer’s residential status, income sources, transactions, supporting documents and individual circumstances.

Taxpayers should evaluate the latest provisions and applicable return forms before filing their return.

EzyBiz India Consulting LLP provides tax advisory and compliance support according to the agreed scope of engagement. Audit, certification and attest services requiring an eligible practising professional are undertaken separately in accordance with applicable professional and regulatory requirements.

Prepared by: Anil Agrawal, EzyBiz India Consulting LLP, New Delhi

Last Updated: August 2026