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Tax & Compliance

Income Tax Return Filing — Individuals & Businesses

The right ITR form, the right regime, and every deduction you are actually entitled to — filed before the deadline, not on it.

We reply within 15 minutes during Mon–Sat, 10am–7pm.

Who this is for

Anyone with income above the basic exemption limit, plus anyone wanting to claim a refund, carry forward a loss, or apply for a loan or visa that requires filed returns.

Thresholds and limits that apply

Tax audit — businessTurnover above ₹1 crore (₹10 crore if cash receipts and payments are each under 5%)
Tax audit — professionGross receipts above ₹50 lakh
Presumptive scheme 44ADBusiness turnover up to ₹2 crore (₹3 crore with under 5% cash)
Presumptive scheme 44ADAProfessional receipts up to ₹50 lakh (₹75 lakh with under 5% cash)

What we will need from you

  • Form 16 from each employer
  • Form 26AS and the Annual Information Statement
  • Bank interest certificates and capital gains statements
  • Proof of deductions claimed — insurance, ELSS, home loan interest, tuition fees
  • For business income: books of account, balance sheet, profit and loss
  • Previous year's filed return

How the process runs

  1. Regime comparison

    We run your numbers under both the old and new regimes before choosing. The new regime is not automatically better — it depends entirely on your deduction profile. Try the comparison yourself with our calculator.

  2. AIS and 26AS reconciliation

    Your declared income is matched against what the department already knows. Mismatches here are the most common trigger for a notice.

  3. Form selection

    ITR-1 through ITR-7 — the wrong form makes the return defective under Section 139(9), and a defective return is treated as never filed.

  4. Deduction review

    Every claim substantiated, because the department now cross-checks most of them automatically.

  5. Filing and e-verification

    Filed and verified within 30 days. An unverified return is not a filed return.

How long it takes

31 July for individuals not subject to audit; 31 October where audit applies; 30 November for transfer pricing cases. Belated returns until 31 December with a late fee.

What happens afterwards

Refunds typically arrive within four to eight weeks of e-verification. Keep supporting documents for at least six years — reassessment can reach back that far.

Questions we get asked

Is the new tax regime better?

It depends on your deductions. Roughly: if your total deductions under the old regime exceed about ₹4 lakh, the old regime usually still wins. Below that, the new regime's lower rates typically come out ahead. Our calculator runs both against your actual numbers rather than a rule of thumb.

I missed the deadline. What now?

File a belated return by 31 December with a late fee under Section 234F — ₹1,000 if income is under ₹5 lakh, ₹5,000 above. More costly than the fee: you lose the right to carry forward business and capital losses.

What is the AIS and why does it matter?

The Annual Information Statement is the department's own record of your financial transactions — interest, dividends, property deals, large cash deposits, mutual fund transactions. If your return contradicts it, expect a notice. Reconciling against AIS before filing prevents most of them.