Income Tax Returns Filing

Hassle‑free income tax return (ITR) filing for individuals, HUFs, firms, companies, and trusts under the Income‑tax Act, 2025

Income Tax Returns

What is an Income Tax Return?

An Income Tax Return (ITR) is a statement of your income and taxes paid for a financial year, filed with the Income Tax Department. Under the Income‑tax Act, 2025 (which replaces the 1961 Act with simplified provisions), every person whose income exceeds the basic exemption limit must file an ITR. Even if no tax is payable, filing may be mandatory for certain assessees (e.g., companies, trusts, or those with foreign assets).

ITR Forms at a Glance

  • ITR‑1 (Sahaj): For resident individuals with salary, one house property, and other sources (interest).
  • ITR‑2: For individuals and HUFs not having business income, but with capital gains, foreign assets, etc.
  • ITR‑3: For individuals and HUFs having income from business or profession.
  • ITR‑4 (Sugam): For resident individuals/HUFs/firms (other than LLP) under presumptive taxation.
  • ITR‑5: For firms, LLPs, AOPs, BOIs, and other non‑corporate entities.
  • ITR‑6: For companies other than those claiming exemption under Section 12A/80G.
  • ITR‑7: For charitable trusts, political parties, and other entities claiming exemption.

Due Dates

  • Individuals, HUFs, and non‑audit cases: 31st July of the assessment year.
  • Businesses requiring audit (including companies): 31st October of the assessment year.
  • Companies: 30th November of the assessment year.
  • Revised/Belated returns: 31st December of the assessment year (or later as per notifications).

Documents Required

  • PAN and Aadhaar (linked).
  • Form 16 / 16A (salary and TDS certificates).
  • Bank statements and interest certificates.
  • Investment proofs (80C, 80D, 80G, etc.).
  • Capital gains statements and property details.
  • Business/firm books of accounts and audit report (if applicable).

File Your Income Tax Return

Our tax experts will prepare your return, ensure maximum deductions, and file before the deadline.

Our ITR Filing Process

From document collection to verification, we make tax filing simple and accurate.

1. Document Collection

We collect your PAN, Form 16, investment proofs, bank statements, and other relevant documents.

2. Computation & Planning

We compute your total income, apply deductions and exemptions, and suggest tax‑saving options under the new regime.

3. Return Preparation

We prepare the appropriate ITR form with accurate income details and tax credits.

4. Filing & Verification

We file the return electronically and assist with verification (Aadhaar OTP, net banking, or physical ITR‑V).

Frequently Asked Questions

Key queries about ITR forms under the Income‑tax Act, 2025

If you are a resident individual with salary income, one house property, and interest income (other sources), ITR‑1 (Sahaj) is generally applicable. However, if your total income exceeds Rs. 50 lakh or you have capital gains or foreign assets, you must use ITR‑2.
The new Act retains the same ITR form structure (1 to 7) but introduces simplified reporting, integrated compliance checks, mandatory disclosure of additional digital assets, and a uniform due date structure. Some fields have been streamlined to reduce duplication and errors.
No, ITR‑1 is only for individuals. A partnership firm must file ITR‑5. Similarly, companies file ITR‑6, and trusts/NGOs file ITR‑7. Choosing the wrong form can result in a defective return.
Under the Income‑tax Act, 2025, a belated or revised return can be filed up to 31st December of the assessment year, or such later date as the government may notify. However, filing after the due date may attract penalties and interest.
Filing may still be mandatory if you have incurred losses, have foreign assets, deposited large amounts in a current account, or want to claim a refund. Additionally, companies and trusts must file a return regardless of income.
Filing the wrong ITR form renders the return defective. The Income Tax Department may send a notice under Section 139(9) of the Act, asking you to file a revised return in the correct form. If not corrected within the time limit, it may be treated as a non‑filed return.