Direct Tax
Income Tax Return Filing
A return that is reviewed before it is filed — correct form, regime compared on your actual numbers, and every entry reconciled with AIS and Form 26AS so nothing surfaces later as a notice.
- Old vs new regime compared on your numbers
- AIS and Form 26AS reconciled
- Capital gains and foreign income handled
- Computation shared before filing
- Income-tax Act, 1961
- AIS / 26AS
- Regime comparison
- e-Verification
Filing engagement
Income Tax Return
On quotebased on income profile
- Coverage
- Salaried, business, NRI
- Review
- CA-supervised
- Approval
- Computation before filing
- Support
- Post-filing queries
- Form selection
- Regime comparison
- AIS / 26AS reconciliation
- Deduction review
- Capital gains computation
- Loss carry-forward
- Computation sheet
- Return filing
- e-Verification guidance
*Fees depend on your income sources, number of capital-gains transactions, business or professional income, foreign assets and whether audit provisions apply. Tax, interest and any late fee are payable to the Government at actuals.
Form
Chosen, not guessed
Regime
Compared both ways
Data
AIS reconciled
Control
You approve first
Professionally reviewed by CA Suraj SoniLast reviewed
Do you need professional filing?
Should your return be professionally prepared?
Professional filing usually pays for itself if you
- have capital gains from shares, mutual funds or property
- run a business or profession, or have presumptive income
- hold foreign assets, ESOPs or receive foreign income
- have income from more than one employer during the year
- have losses to carry forward or set off
- have received a notice or a mismatch communication before
A simple self-filing may be enough if you
- have only salary income from one employer
- have no capital gains or other income sources
- have deductions limited to what your Form 16 already reflects
- have no foreign assets or income
Most disputes we see start not with tax evasion but with a mismatch between the return and the information already available to the department.
What a well-prepared return actually does
Filing is a declaration of your income, deductions and taxes for the year. The department already holds a great deal of that information through AIS and Form 26AS. A well-prepared return reconciles with that data, claims what you are entitled to with evidence, and preserves losses and positions you may need in future years. A rushed return usually costs more later than the fee saved.
Correct ITR form
The form depends on your income sources and status. Filing the wrong form can make the return defective.
Regime choice
Old and new regimes give different outcomes depending on your deductions; the choice should be computed, not assumed.
Data reconciliation
AIS and Form 26AS entries are matched to your records so nothing is missed or double counted.
Future positions
Losses carried forward and disclosures made this year affect the years that follow.
Why founders choose this structure
Refunds claimed properly
Excess TDS is claimed with correct credit matching, which is the main reason refunds get delayed or reduced.
Fewer mismatch notices
A return that reconciles with AIS and 26AS removes the most common trigger for departmental communication.
Loan and visa evidence
Filed returns and computation sheets are standard evidence for lenders, landlords and visa applications.
Losses preserved
Capital and business losses can be carried forward only where the return is filed correctly and within time.
Regime optimised
The choice between regimes is computed on your actual figures rather than on a general assumption.
Support if questioned
The working papers behind your return are retained, so any later query has a documented answer.
Who is required to file
Income above the exemption limit
Filing is required where total income before specified deductions exceeds the basic exemption limit applicable to you.
Companies and firms
Companies and firms are required to file a return for every year, whether or not there is income or profit.
Refund claims
A return must be filed to claim a refund of excess TDS or advance tax, even where income is below the limit.
Carry-forward of losses
Losses can generally be carried forward only where the return is filed within the prescribed time.
Foreign assets or income
Residents holding foreign assets or having signing authority in foreign accounts are required to file and disclose, irrespective of income level.
Specified high-value transactions
Filing is required where prescribed transaction or expenditure conditions are met, even below the income threshold.
Business and professional income
Filing applies to business and professional income, including under presumptive schemes where opted.
Belated and updated returns
Where the due date is missed, belated and updated return routes exist, subject to conditions, late fee and additional tax as prescribed.
Documents you'll need
- PAN and Aadhaar
- Form 16 from every employer during the year
- Salary slips where Form 16 is unavailable
- Bank interest certificates and savings interest details
- Deduction proofs — insurance, provident fund, tuition fees, donations
- Home loan interest and principal certificate, where applicable
- Rent receipts and landlord PAN, where HRA is claimed
How your return gets prepared.
Reconciled first, reviewed second, filed last.
- 01Day 1
Profile and document request
We establish your residential status, income sources and the documents required, and share a checklist specific to your profile.
- 02Day 1–3
Data collection
Form 16, interest certificates, capital gains statements, business records and deduction proofs are collected.
- 03Day 2–4
AIS and 26AS review
Reported data is downloaded and reconciled against your records, and any discrepancy is raised with you.
- 04Day 3–5
Computation and regime comparison
Income is computed head-wise, deductions applied, and both regimes compared so the choice is evidence-based.
- 05Before filing
Review and approval
A Chartered Accountant reviews the computation, and the summary is sent to you for approval with the tax or refund position.
- 06On approval
Payment and filing
Any balance tax is paid and the return is filed on the e-filing portal.
- 07Immediately after
e-Verification and record
You complete e-verification within the prescribed period, and the acknowledgement and working papers are archived for you.
Complex income or a past mismatch?
Get your return reviewed by a Chartered Accountant before it is filed.
Your filing engagement
What goes into your return before it is filed.
- 01
Income profiling
IncludedAll income sources for the year are identified, including ones people commonly forget such as interest, dividends and small capital gains.
- 02
ITR form selection
IncludedThe correct form is chosen based on your status and income sources, avoiding a defective return.
- 03
AIS and 26AS reconciliation
IncludedReported information is matched with your records and differences are investigated before filing, not after a notice.
- 04
Regime comparison
IncludedTax is computed under both regimes on your actual numbers and the outcome is explained to you.
- 05
Deduction and exemption review
IncludedEligible deductions and exemptions are claimed where supported by evidence.
- 06
Capital gains computation
IncludedEquity, mutual fund, property and other gains computed with cost, holding period and available exemptions considered.
- 07
Loss set-off and carry-forward
IncludedLosses are set off in the prescribed order and carried forward where the return is filed in time.
- 08
Computation sheet for approval
IncludedYou receive a clear computation and the payable or refundable position before anything is filed.
- 09
Filing and e-verification
IncludedThe return is filed and you are guided through e-verification, without which the return is not treated as valid.
- 10
Advance tax planning
On requestQuarterly advance tax estimates during the year to avoid interest.
- 11
Tax audit support
On requestWhere audit provisions apply to your turnover or profits, the audit engagement is scoped separately.
- 12
Notice and rectification handling
On requestResponses to intimations, mismatches, rectifications and departmental notices.
Foreign assets, foreign income and residential-status questions require specific disclosure and are reviewed case by case rather than through a standard form.
How return filing is priced.
A single-employer salary return and a business return with capital gains and foreign income are not the same work, so we quote on your actual profile rather than posting a headline number.
All-inclusive from
On quoteonwards*
Professional services
MYFINTAX feeProfiling, reconciliation, computation, regime comparison, CA review and filing.
Income complexity
VariesCapital gains volume, business income, multiple employers, foreign income and presumptive schemes drive the effort.
Book-keeping status
VariesWhere books need to be finalised before the return, that work is scoped separately.
Audit engagements
VariesWhere audit provisions apply, the audit is a distinct engagement with its own scope and fee.
Statutory dues
StatutoryTax, interest and any late filing fee are payable to the Government at actuals.
We confirm the fee after a short profiling call, so you are not quoted for complexity you do not have.
Old regime or new regime?
| Parameter | Old regime | New regimeDefault unless opted out |
|---|---|---|
| Slab rates | Higher rates with deductions available | Concessional slab structure |
| Common deductions and exemptions | Broadly available, subject to conditions | Largely not available, with limited exceptions |
| House-property interest on let-out property | Available subject to conditions | Restricted as prescribed |
| Typically suits | Taxpayers with substantial eligible deductions | Taxpayers with few deductions |
| Choosing the regime | Requires opting as prescribed | Applies by default unless you opt out |
| Switching between years | Possible for salaried, subject to conditions | Business income cases face restrictions |
| Decision basis | Compute both and compare | Compute both and compare |
Slab rates, limits and available deductions are set by the Finance Act for each year. The only reliable way to choose is to compute both on your figures for that year, which we do as part of every return.
Filing is not the end
Your tax year after the return is filed.
Within days
Verify the return
- Complete e-verification within the prescribed period
- Retain the acknowledgement and computation
- Confirm bank account is validated for refund
Processing
Watch the intimation
- Review the intimation when processing completes
- Check refund or demand against your computation
- Raise rectification promptly where there is a genuine mismatch
During the year
Stay ahead of liability
- Estimate and pay advance tax by the prescribed instalments
- Track TDS credits in 26AS through the year
- Keep deduction evidence as you incur it
If a notice arrives
Respond with evidence
- Working papers already on file
- Reply drafted on the specific ground raised
- Follow-through until the proceeding is closed
Next year
Plan, don't react
- Regime and investment planning before year-end
- Capital gains timing reviewed
- Losses carried forward tracked and used
A return that is filed but not verified within the prescribed period is generally not treated as a valid return.
Income tax is one part of your annual calendar.
GST, TDS, payroll and ROC filings all interact with your tax position. Running them together removes the reconciliation gap between vendors.
- Company Registration
- Accounting
- GST
- GST Returns
- TDS
- Income Tax
- ROC Compliance
- Trademark
- Startup India
- Virtual CFO
Avoid these income tax filing mistakes.
Ignoring AIS and Form 26AS
The department already holds the data. A return that does not reconcile with it is the most common cause of mismatch communications.
Filing the wrong ITR form
Form selection follows your income sources and status. The wrong form can render the return defective and require re-filing.
Choosing a regime by assumption
The better regime depends entirely on your deductions. It should be computed both ways for the year, not carried over from last year's habit.
Missing small income
Savings interest, dividends and small capital gains are reported to the department. Omitting them is unnecessary risk for a trivial amount of tax.
Not verifying the return
An unverified return is generally not a valid return, and people often discover this only when a refund never arrives.
Filing late and losing carry-forward
Losses can generally be carried forward only where the return is filed within the prescribed time. That right cannot be recovered later.
Claiming deductions without evidence
Claims that cannot be substantiated create exposure at assessment, with interest and penalty implications.
Why MYFINTAX
CA-led judgement
Your position is reviewed by a Chartered Accountant, not simply pushed through a portal form.
End-to-end responsibility
One team from documentation and filing to the notices and compliance that can follow.
Transparent scope
You know what is professional fee, what is statutory and what varies before you commit.
Business-first advice
Advice is given against your actual operations, not as a generic default.
Continuity
Accounting, GST, TDS, payroll, ROC and CFO support sit in the same ecosystem when you need them.
“MYFINTAX has been a true partner in our compliance journey. From GST filings and ROC annual returns to trademark registration, everything is handled professionally and on time. Their proactive approach has helped our creative brand stay protected and compliant.”
Snehal Tripathi
Director, Roboto Studio Pvt Ltd
“Our export compliance, IEC, and legal structuring were managed end-to-end by MYFINTAX. Their expert guidance on Startup India registration and tax exemption eligibility was particularly valuable for our global trade operations.”
Shweta SK Tirkey
Director, ArchAngel Exim Private Limited
“As a financial services business, MYFINTAX's assistance with DPIIT recognition, income tax filings, and trademark protection gave us the right support for our growth journey. Their team understands the nuances of regulatory compliance and startup taxation and provides practical guidance whenever required.”
Nitin Nashine
Director, GISA Insurance Brokers Limited
Received an intimation or a notice?
Mismatch, scrutiny and demand notices have prescribed response periods. A reply on the correct ground, backed by workings, closes most of them.
Explore income tax notice replyDeducting TDS on payments?
If you pay salaries, rent, contractors or professionals, quarterly TDS statements and certificates are a separate obligation with their own due dates.
Explore TDS return filingFAQs
Income Tax Return Filing — questions founders ask
Still unsure? A short call with a Chartered Accountant is usually faster than reading one more page.
Let's build together
Ready to file with confidence?
A reconciled, reviewed return — with the regime compared on your numbers and support if the department asks anything later.
CA Suraj Soni · Chartered Accountant · Founder, MYFINTAX
Content reviewed for current regulatory and procedural relevance on .
Income-tax Act, 1961 and the rules made thereunder, together with the return-filing workflow on the income-tax e-filing portal.
Content is for general informational purposes and does not constitute case-specific professional advice. Requirements, fees and processing depend on your facts and current Government procedure.
Related services
- TDS Return FilingQuarterly statements and certificates.
- Income Tax Notice ReplyReplies to intimations and notices.
- Accounting & BookkeepingBooks finalised before the return.
- GST Return FilingIndirect tax compliance in the same team.
- ROC Annual ComplianceCompany filings alongside the tax return.
- NRI TaxationResidential status, DTAA and repatriation.
- Accounting & BookkeepingClean books make the return straightforward.