Simplify your tax filing and stay on top of tax season with confidence. Our professional team handles your ITR end-to-end — whether you're a salaried employee, a freelancer, or a growing business.
An Income Tax Return (ITR) is an official form filed with the Income Tax Department of India, declaring your total income earned during a financial year (April 1 to March 31) and the tax paid on it.
Filing an ITR allows individuals and businesses to report income, claim applicable deductions (such as Section 123 for investments and Section 126 for health insurance — formerly known as 80C and 80D under the earlier Income Tax Act, 1961), declare investments, and calculate net tax liability or claim a refund if excess tax (TDS) was deducted. India's tax law was recodified as the Income Tax Act, 2025, effective April 1, 2026, renumbering many familiar sections while keeping deduction limits and benefits unchanged.
Using a professional income tax filing service helps ensure you don't miss eligible deductions and that the correct ITR form is used based on your income sources — salary, house property, capital gains, or business income. This careful approach can help reduce the risk of notices or penalties from the tax department.
The Income Tax Act mandates ITR filing if you fall under specific criteria. Here is a breakdown:
Filing your ITR filing online India correctly is more than a legal obligation; it is a critical step in strengthening your financial profile.
Late filing can attract a penalty of ₹1,000–₹5,000 under Section 234F, depending on your income. Filing on time helps you stay compliant and avoid unnecessary notices.
If an employer or client deducted excess TDS from your income, filing an ITR is the way to claim that amount back.
Many foreign embassies request past years of ITR acknowledgments as proof of financial stability when processing travel or work visas — requirements vary by country and visa type.
For home loans, car loans, or business loans, banks commonly use ITR documents to assess your creditworthiness and repayment capacity.
If you've incurred business or capital losses, you can only carry them forward to offset future profits if you file your ITR before the due date.
For freelancers and self-employed professionals without a regular salary slip, the ITR acknowledgment serves as income proof.
Keep these soft copies ready. We will match them against your Form 26AS & AIS to capture every eligible deduction.
We replace chaotic tax seasons with a simple, trackable digital process.
Upload your Form 16, bank statements, and investment proofs to our secure dashboard.
We review your Annual Information Statement (AIS) and Form 26AS to cross-verify TDS and high-value transactions.
We prepare your tax computation sheet, applying eligible deductions (80C, 80D, HRA) and helping you choose the more beneficial tax regime (Old vs. New).
We share a summary of your tax liability or refund. We file your ITR on the e-filing portal only after your approval.
We e-verify your return using Aadhaar OTP. The ITR-V acknowledgment is uploaded to your dashboard.
No surprises. Upfront pricing based on your income profile.
While the government charges no fee for filing an ITR on the e-filing portal, self-filing without a clear understanding of tax rules can lead to missed deductions or errors that trigger notices later.
A mistake in reporting capital gains, freelancer income, or foreign assets can lead to scrutiny or a tax notice. Correcting a defective return afterward is often more costly and time-consuming than a professional filing fee.
With Regonest Compliance, we review your Form 16, bank interest, capital gains, and crypto transactions carefully to help ensure your return is accurate and complete — so you claim every deduction you're legally entitled to.
No two tax returns are identical. We utilize specific ITR forms based on your unique income brackets.
We utilize ITR-1 (Sahaj) or ITR-2. If your total income is up to ₹50 lakhs covering salary, one house property, and interest income, we fast-track your refund safely.
Using ITR-3 or ITR-4 (Sugam), we apply the Section 44ADA Presumptive Taxation Scheme. You can declare 50% of your gross receipts as flat profit, heavily reducing your tax burden without maintaining strict books of accounts.
We seamlessly pull your capital gains statements from Zerodha, Groww, or Upstox. We categorize short-term vs long-term equity trades comprehensively via ITR-2 or ITR-3.
Regardless of profit or loss, all registered companies must file ITR-6 mandatorily. Our corporate team attaches the audited financials, MAT computations, and handles all ROC crossovers.
Failing to declare high-value transactions matching your Annual Information Statement can lead to an automatic scrutiny notice.
Interest from savings banks and fixed deposits is taxable. Many individuals forget this, leading to tax evasion charges.
If a freelancer mistakenly files ITR-1 instead of ITR-4, the return is immediately flagged as defective.
Filing late not only incurs a ₹5,000 penalty but permanently removes your ability to carry forward stock market capital losses to the next year.
Unlike fully automated tax apps, our professionals review your financial details individually. This helps catch deductions that automated tools can sometimes miss.
Your Form 16, investment records, and PAN data are handled with industry-standard security practices, with access limited to authorized personnel only.
If the department issues a demand, our legal team represents you virtually, responding rapidly to resolve the discrepancy.
Since ITR filing in India is done through the centralized income tax portal, you can file from anywhere in India. We support filing for individuals and businesses across Delhi, Mumbai, Bengaluru, Hyderabad, Pune, Chennai, Ahmedabad, Noida, Gurugram, and Indore.
Authoritative answers regarding the strict penalty for late ITR filing and critical compliance due dates.
For individuals (salaried and non-audit freelancers), the due date is typically July 31st of the assessment year. For businesses requiring audit, the deadline is usually October 31st. Missing the due date incurs a late fee under Section 234F.
If you file your ITR after the due date, a penalty of up to ₹5,000 applies under Section 234F if your total income exceeds ₹5 lakh. If your income is below ₹5 lakh, the late fee is capped at ₹1,000.
Legally, it is not mandatory. However, filing a 'Nil Return' is highly recommended as it acts as proof of income for processing visas, home loans, and carrying forward stock market losses.
Refunds are typically processed within 20 to 45 days after e-verifying the return, credited directly to your pre-validated bank account. Actual timelines can vary depending on the accuracy of your return and processing volume at the department's end.
It depends on your income level and how much you can claim in deductions (80C, HRA, medical insurance, home loan interest). Generally, if your eligible deductions are substantial, the Old Regime may work out better; if you have fewer deductions, the New Regime's lower slab rates often result in less tax. The right choice depends on your specific numbers — we calculate both to help you pick the more beneficial option.
Yes, you can file a 'Revised Return' under Section 139(5) before December 31st of the assessment year or before the assessment is completed by the tax officer, whichever is earlier.
No. The entire process of our ITR filing service India is 100% paperless and digital. You just upload your soft copies, and we e-verify your return using Aadhaar OTP.
Yes. Starting April 2022, income from the transfer of VDAs (cryptocurrency, NFTs) is taxed at a flat 30% plus cess, and no deductions (other than cost of acquisition) are allowed.
Not declaring active savings accounts is highly risky due to the Annual Information Statement (AIS). The tax department tracks all your interest income actively. Doing so triggers scrutiny notices.
Yes. When you use our ITR filing service, you get support to help clarify tax-related questions before your computation is finalized.
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Upload your Form 16, connect with a dedicated tax professional, and secure your financial compliance today.