Not filing your ITR may result in:
• Penalty of up to ₹5,000 (under Section 234F)
• Interest on unpaid tax (Sections 234A, 234B, 234C)
• Loss of refund benefits
• Inability to carry forward capital/business losses
• Difficulty in applying for loans or visas

Yes, you can file a belated return until 31st December of the assessment year. However, late filing penalties apply, and certain benefits (like loss carry forward) are not available.

Old regime allows most deductions (e.g., 80C, 80D, HRA).
New regime offers lower tax rates but no deductions (except a few).

You must file your ITR to claim any excess TDS deducted. After processing, the Income Tax Department directly credits the refund to your bank account (linked to PAN and pre-validated).

Basic documents include:
• PAN & Aadhaar
• Form 16 / Salary slips
• Form 26AS & AIS
• Bank account details
• Investment proofs (80C, 80D, etc.)
• Capital gains reports (if applicable)
• Business income details (if applicable)
We guide you step-by-step based on your income type.

Yes. If you've made an error, you can revise your ITR before 31st December of the assessment year. If missed or misreported income, you can also file an Updated Return (ITR-U) within 2 years, with additional tax.

ITR-U (Updated Return) allows taxpayers to disclose omitted or misreported income within 24 months from the end of the relevant assessment year. It promotes voluntary compliance but includes additional tax and interest.

Not always, but recommended. It helps in:
• Claiming TDS refund
• Creating income proof for loan/visa
• Carrying forward losses
• Avoiding notices or scrutiny
• Complying with foreign asset reporting

Usually, refunds are processed within 15–45 days after e-verification, but it may vary depending on accuracy and volume of filings.

Absolutely. Freelancers, content creators, consultants, and gig workers must file ITR if their gross income exceeds the basic exemption limit. We assist in reporting business income, calculating taxes, and claiming expenses legally.

If your total tax liability (after TDS) exceeds ₹10,000 in a year, you're required to pay tax in installments throughout the year as advance tax. Missing these invites interest under Sections 234B & 234C.

Form 26AS is a consolidated tax statement showing all taxes deducted (TDS), taxes paid, and refunds received during a financial year. It helps reconcile the tax already paid with your actual tax liability. We check this before filing your return to ensure everything matches.

Capital gains from shares, mutual funds, crypto, and property must be reported under short-term or long-term capital gains depending on the holding period. We calculate tax liability, adjust for exemptions (e.g., Section 54), and help with accurate reporting.

Yes. Under Section 234F:
• ₹1,000 if income is below ₹5 lakh
• ₹5,000 if income is above ₹5 lakh (filed after due date)
Plus, interest may apply on unpaid taxes. Timely filing helps avoid these.

You can’t file returns for previous years once the deadline and belated return period have passed. However, you can file an Updated Return (ITR-U) for up to 2 years after the end of the assessment year.

Yes. Aadhaar is mandatory for:
• Linking with PAN
• E-verification of your return
• Faster refund processing
If your Aadhaar is not linked with PAN, the PAN may become inoperative.

NRIs must file ITR if they earn income in India (e.g., rent, interest, capital gains). We assist with:
• Selecting the right ITR form (usually ITR-2)
• Claiming DTAA benefits (Double Taxation Avoidance Agreement)
• Avoiding tax on global income (if not required)

• Gross Total Income (GTI): Sum of all income from 5 heads—Salary, House Property, Business/Profession, Capital Gains, and Other Sources.
• Total Income: GTI minus eligible deductions (like under Section 80C, 80D, 80G, etc.). This is the amount on which tax is calculated.