Income Tax Return (ITR) Filing
File your income tax return accurately, in the right form, before the due date. We pick the correct ITR for your income, reconcile it against your records, have it expert-reviewed, and e-file it — with refunds tracked in your portal.
Quick answer
An income tax return reports a financial year's income, deductions and tax to the Income Tax Department. For AY 2026-27 (income of FY 2025-26) the Income-tax Act, 1961 governs it: ITR-1 and ITR-2 filers are due 31 July 2026, non-audit business and professional cases 31 August 2026, audit cases 31 October 2026. We pick the form, reconcile against AIS and Form 26AS, and e-file.
Applies to: AY 2026-27 (income of FY 2025-26), under the Income-tax Act, 1961Jurisdiction: IndiaSources checked: 19 August 2026
Starts at
₹499
+ GST | taxes payable, interest, late fees, audit requirements and professional fees vary with your income, entity type, books and transactions
Timeline
Filed before your due date (31 Jul, 31 Aug or 31 Oct)
Documents
Income proofs + deductions
Right ITR form
Reconciled & reviewed
E-filed & e-verified
Refund tracked
Pricing
ITR filing plans by taxpayer
Pricing depends on the complexity of your income. Any tax payable, interest and late fees are statutory and shown separately — never marked up.
Salaried / Simple
ITR-1 / ITR-2
+ GST
- Form selection
- Income reconciliation
- Deduction check
- E-file + e-verify help
Business / Freelance
ITR-3 / ITR-4
+ GST
- Business/profession income
- Presumptive or regular
- Balance sheet/P&L support
- Expert review
Capital Gains / Complex
Multiple sources
+ GST
- Capital gains computation
- Multiple incomes
- Foreign income/assets
- Dedicated reviewer
Prices are professional fees and indicative. Government fees, stamp duty, DSC, PAN/TAN, state charges and third-party costs are extra and may change. A final engagement summary separates each component before payment.
Overview
What is Income Tax Return (ITR) Filing?
An income tax return (ITR) is the form through which you report your income, deductions and taxes for a financial year to the Income Tax Department. The correct form — ITR-1 to ITR-7 — depends on who you are and what income you have, and the ITR filing guide sets out the eligibility limits form by form.
Filing on time matters: it lets you claim refunds, carry forward losses, and avoid late fees and interest. Filing the wrong form, or numbers that don't match your AIS/26AS, leads to defective returns and notices you then have to answer.
We identify the right ITR, reconcile your income against your records, compute the tax, get it reviewed by a professional, and e-file it — with status and refunds tracked in your portal.
One distinction matters more than any other this year. AY 2026-27 covers the income of FY 2025-26 and is governed entirely by the Income-tax Act, 1961 — even though you are filing it after 1 April 2026, when the Income-tax Act, 2025 came into force. The 2025 Act governs tax year 2026-27 (the income of FY 2026-27), whose return is not due until 2027. They are two separate obligations that simply overlap in the calendar, and both have to be met. If you also deduct tax at source, the same boundary decides which section your quarterly TDS returns are filed under.
Worked example — salaried, new regime, AY 2026-27. Assumptions: resident individual, gross salary ₹14,00,000, no other income, default new regime under s.115BAC, standard deduction ₹75,000, no chapter VI-A claims. Total income is ₹13,25,000. Tax on the s.115BAC(1A) slabs is nil on the first ₹4,00,000, ₹20,000 on ₹4–8 lakh at 5%, ₹40,000 on ₹8–12 lakh at 10% and ₹18,750 on the remaining ₹1,25,000 at 15% — ₹78,750. Total income is above ₹12,00,000, so the s.87A rebate is not available, and its marginal-relief limb gives nothing here because ₹78,750 is already less than the ₹1,25,000 by which income exceeds ₹12 lakh. Add 4% health and education cess of ₹3,150, giving ₹81,900. Against that you set the TDS in your Form 16 and any advance tax; the difference is your refund or your self-assessment tax. Change any assumption — an old-regime election, an 80C claim, capital gains taxed at special rates — and the number moves, which is exactly why we compute it from your own figures rather than a calculator's default.
Is it for you?
Who needs it — and who doesn't
Recommended if
- Anyone whose income exceeds the basic exemption limit
- Salaried individuals, freelancers and professionals
- Business owners, partners, companies and LLPs
- Anyone wanting a refund, to carry forward losses, or for loan/visa proof
- NRIs with Indian income
May not be needed if
- Individuals below the exemption limit with no specific filing trigger (though filing can still help)
- Those whose filing is already handled correctly elsewhere
Benefits
Why it's worth doing right
Claim your refund
If excess TDS was deducted, a timely, correct return is how you get it back.
Carry forward losses
Filing on time lets you carry forward capital and business losses to future years. Miss the due date and that year's losses are gone for good — a revised return cannot restore them.
Avoid late fees & notices
The right form and reconciled numbers avoid Section 234F late fees and defective-return notices. Paying advance tax on schedule keeps 234B and 234C interest off the bill too.
Proof of income
A filed ITR is standard proof for loans, visas and tenders.
Eligibility
Eligibility & key conditions
- You have taxable income or a reason to file (refund, loss carry-forward, etc.)
- You can share your income proofs and deduction details
- You have (or we help reconcile) your AIS / Form 26AS
Documents
Documents required
Identity & access
- PAN and Aadhaar
- Bank account details
- Income-tax portal access (or we guide login)
Income
- Form 16 (salary)
- Business/profession income and expenses
- Capital gains statements
- Interest, dividend and other income
Deductions & taxes
- 80C/80D and other deduction proofs
- Advance tax / self-assessment tax challans
- AIS and Form 26AS (we reconcile)
Process
A clear path from start to filed
Official filing
How the Income Tax e-filing portal (incometax.gov.in) flow works
Returns are filed on the official Income Tax e-filing portal. Your reported income should reconcile with the AIS (Annual Information Statement) and Form 26AS (TDS/tax credit). After filing, the return must be e-verified, and the department processes it (often issuing an intimation under Section 143(1)).
We prepare and review your return and file it through the official portal with your authenticated access. We don't claim any private API, and we never promise a particular refund or outcome — that depends on your data and the department's processing. Before you start, the ITR document checklist generator builds the exact document list for your income sources.
Costs
Fees & cost breakdown
| Cost component | Indicative amount |
|---|---|
| Professional feeBy complexity of income | From ₹499 |
| Government filing feeThere is no portal fee to file an ITR | Nil |
| Late fee (if late)Section 234F; lower if total income ≤ ₹5 lakh | ₹1,000–₹5,000 |
| Interest on unpaid taxSections 234A/B/C; statutory | As applicable |
| Self-assessment taxPaid to the government under Section 140A before filing, never to us and never marked up | Your own liability |
| Fee to revise after 31 DecemberSection 234-I for AY 2026-27; revision itself stays open to 31 March 2027 | ₹1,000–₹5,000 |
| Additional tax on an updated returnSection 140B; the rate rises the later the ITR-U is filed | 25%–70% of tax and interest |
There is no government fee to file, and none of the statutory amounts above are ours. Government dues — tax, interest under 234A/B/C, the 234F late fee and any 234-I or 140B amount — are paid directly to the Income Tax Department on your own challan. Our professional fee is separate and quoted upfront. Any tax payable, interest and fees depend on your situation; we compute them transparently and show you the working.
Deliverables
What you receive on completion
After this filing
What you need to stay compliant next
E-verify in time
A return isn't complete until e-verified. We help you do it within the window.
Track the refund
We track processing and your refund, and help with any 143(1) intimation.
Next year & advance tax
We remind you about next year's filing and any advance-tax instalments.
E-verify within 30 days
The limit is 30 days from filing. Verify later and the date of e-verification becomes the date the return is treated as furnished — which can turn an on-time return into a late one.
If you find an error
For AY 2026-27 you can file a revised return under Section 139(5) up to 31 March 2027, or until your return is assessed if that comes first. Revising after 31 December 2026 attracts a Section 234-I fee of ₹1,000 or ₹5,000.
If you missed the year entirely
A belated return is possible up to 31 December 2026 with the 234F fee. After that, an updated return under Section 139(8A) runs for 48 months, with additional tax — but it cannot reduce your liability or increase a refund.
Start tax year 2026-27 cleanly
From 1 April 2026 your current-year obligations run under the Income-tax Act, 2025 — new section numbers on TDS, new forms, and advance tax under Section 404. We keep both years straight.
Avoid delays
Common mistakes & reasons for rejection
Common mistakes
- Filing the wrong ITR form for your income
- Income not matching AIS / Form 26AS
- Missing deductions you were entitled to
- Not e-verifying the return after filing
- Missing the due date and paying a 234F late fee
- Assuming the 31 August date applies to everyone — it covers non-audit business and professional income; ITR-1 and ITR-2 filers are still 31 July
- Treating 31 December as the last date to revise — it is the belated-return date and the point after which revising costs a fee
- Using ITR-1 or ITR-4 despite a disqualifier: a directorship, unlisted shares, any foreign asset or signing authority, a carried-forward loss, or income above ₹50 lakh
- Filing a loss return after the due date, which forfeits the carry-forward of that loss
- Assuming the Income-tax Act, 2025 governs AY 2026-27 — it governs tax year 2026-27, and AY 2026-27 stays under the 1961 Act
Why filings get rejected or delayed
- Defective return (Section 139(9)) for form/data errors
- Mismatch with AIS/26AS
- Return not e-verified in time
- Return treated as invalid because it was never verified at all — the fix is a condonation request, which the department has to approve
- Presumptive income declared below the deemed rate without the tax audit that then becomes compulsory
- Bank account not pre-validated, so a genuine refund cannot be credited
Risks
Penalties & risks of getting it wrong
Late filing
A Section 234F late fee (up to ₹5,000; ₹1,000 if income ≤ ₹5 lakh) plus interest under 234A on unpaid tax.
Not filing
Loss of refunds and loss carry-forward, and possible notices or higher consequences for larger incomes.
Verifying late
E-verification after 30 days makes the verification date the date of furnishing. A return uploaded on 31 July and verified in September is a late return, with the 234F fee and the loss of carry-forward that follows.
Short or late advance tax
Interest under Section 234B where advance tax is unpaid or below 90% of assessed tax, and under Section 234C for deferred instalments. Presumptive filers pay in one instalment by 15 March — see advance tax payment.
Leaving it to ITR-U
An updated return costs additional tax on top of the tax and interest, rising with delay, and it can never reduce your liability, increase a refund or be filed twice for the same year. The cheaper route, while it is open, is a revised return.
AI-powered assistance
AI does the heavy lifting. Experts make the call.
AI assists with checks, drafting and explanations only. A qualified professional reviews every defined checkpoint and the final filing before submission. AI does not make consequential compliance decisions on its own.
File your ITR the right way
We pick the right form, reconcile your income, and e-file before the deadline — with your refund tracked in your portal.
Compare
Income Tax Return (ITR) Filing vs Revised ITR Filing
| Factor | Income Tax Return (ITR) Filing | Revised ITR Filing |
|---|---|---|
| When | The original, on-time return | Correcting a return already filed |
| Form | Your applicable ITR | Revised return (Section 139(5)) / updated return |
| Goal | File correctly the first time | Fix an error or omission |
Use cases
Built for how real businesses operate
Salaried individual
Need: Refund of excess TDS
We suggest: ITR-1/2, reconciled with Form 16 and 26AS.
Freelancer
Need: Simple, low-tax filing
We suggest: Presumptive ITR-4 if eligible, else ITR-3.
Investor
Need: Report capital gains
We suggest: ITR-2/3 with correct gains computation.
Why MyFinancialAdvisory
A more accountable way to stay compliant
Quality & accountability
Reviewed by compliance experts
Every income tax return (itr) filing engagement is prepared with structured checks and signed off by qualified professionals before anything is filed — speed without sacrificing accuracy.
Reviewed by
Reviewed by MyFinancialAdvisory Tax Team
Income-tax & TDS review
Our income-tax and TDS work is prepared with AI-assisted checks and reviewed by qualified professionals experienced in ITR filing, TDS compliance and notices before anything is filed.
Structured document checks
Documents and eligibility follow structured checks before expert review.
Expert-reviewed before filing
A qualified professional signs off every defined checkpoint.
Compliance-safe guidance
Advice mapped to current rules — no shortcuts, no guesswork.
Resources
Related guides & reading
Income Tax Return Filing Guide
Which ITR, what documents, and the due dates.
Read moreRevised, Belated and Updated Returns
Which instrument fixes your return, by when, and at what cost.
Read moreCapital Gains Tax in India
Holding periods, the 20% and 12.5% rates, and what the ₹1.25 lakh exemption really covers.
Read moreITR Filing for Freelancers
Presumptive 44ADA vs regular, and what to claim.
Read moreOld vs New Tax Regime for Business Owners
Which regime fits your deductions and income.
Read moreTax Audit Applicability
When a 44AB tax audit applies to you.
Read moreKeep exploring
Hub
Income tax & TDS
ITR filing, TDS, tax planning and notices for every taxpayer.
Service
Salaried ITR Filing
Quick, accurate ITR for salaried individuals.
Service
Business ITR Filing
ITR for proprietors and business income.
Service
Capital Gains ITR
Report gains on shares, property and funds correctly.
Service
Income Tax Notice Reply
Understand and respond to an income-tax notice.
Service
Revised ITR Filing
Correct a filed return with a revised or updated ITR.
Service
Advance Tax Payment
Pay advance tax on time and avoid interest.
Service
Tax Audit Support
Tax audit (44AB) preparation and filing.
Free tool
ITR Document Checklist Generator
Build the exact document list for your income sources before you file.
FAQs
Income Tax Return (ITR) Filing — frequently asked questions
Who has to file an income tax return?
Broadly, anyone whose income exceeds the basic exemption limit, plus those who need to claim a refund, carry forward losses, or meet specific filing triggers. We confirm whether you need to file.
Is AY 2026-27 filed under the Income-tax Act, 1961 or the Income-tax Act, 2025?
Under the Income-tax Act, 1961. AY 2026-27 is the income of FY 2025-26, a year that began before 1 April 2026, so the old Act governs it even though you file after the 2025 Act came into force. The Income-tax Act, 2025 governs tax year 2026-27 — the income of FY 2026-27 — whose return falls due in 2027. Both are live obligations in calendar 2026.
How long do I have to e-verify?
30 days from the date of filing. If you verify later, the date of e-verification is treated as the date the return was furnished, so an otherwise on-time return becomes late. A return never verified is treated as invalid, and only a condonation request approved by the department can revive it.
Can I still revise my return after 31 December?
Yes. For AY 2026-27 a revised return under Section 139(5) can be filed up to 31 March 2027, or until the assessment is completed if that comes first. Revising after 31 December 2026 attracts a fee under Section 234-I of ₹1,000 (total income up to ₹5 lakh) or ₹5,000. 31 December is the belated-return deadline, not the revision deadline.
Which ITR form should I use?
It depends on your income: ITR-1 for simple salary, ITR-2 for capital gains/multiple properties, ITR-3 for business/profession, ITR-4 for presumptive, ITR-5 for firms/LLPs, ITR-6 for companies. We pick the right one. Company and LLP filings run through company ITR filing and LLP ITR filing.
What is the due date to file?
It depends on what you earn. Salaried and other non-business filers (ITR-1/ITR-2) file by 31 July. Non-audit business and professional cases, and partners of non-audit firms, now file by 31 August. Audit cases file by 31 October. A belated return can usually be filed by 31 December with a late fee. Dates can change by notification.
What is the late fee for filing after the due date?
Under Section 234F, up to ₹5,000 (₹1,000 if total income is up to ₹5 lakh), plus interest under Section 234A on any unpaid tax.
What is AIS and Form 26AS?
The Annual Information Statement and Form 26AS show your reported income, TDS and tax credits. Your return should reconcile with them; we check this to avoid mismatches and notices.
Do I need to e-verify my return?
Yes. A return isn't treated as filed until it's e-verified (e.g. via Aadhaar OTP) within the prescribed window. We help you do it.
Can I get a refund through ITR filing?
If excess TDS or advance tax was paid, a correct, timely return is how you claim it back. We can't promise an amount — it depends on your data and the department's processing.
Is there a government fee to file an ITR?
No. There is no portal fee to file. Any tax payable, interest or late fee is statutory and depends on your situation.
Can I file for previous years I missed?
Depending on the year, a belated or updated return (Section 139(8A)) may be possible, sometimes with additional tax. We advise what's available for your case.
Will you reduce my tax?
We ensure you claim every legitimate deduction and the better regime for your numbers, but we never promise a specific saving — tax depends on your actual income and the law. We run both computations under old vs new tax regime before choosing.
Is filing done through a government API?
No. We prepare and review your return and file it through the official Income Tax portal with your authenticated access. We make no claim of a private API.
What do I receive after filing?
The filed ITR, the acknowledgement (ITR-V), confirmation of e-verification, a tax computation summary, and refund tracking in your portal.
References
Official sources
- Finance Act, 2026 s.5 — substitutes Explanation 2 to s.139(1) (ITR due-date table) and s.139(5) (revised return), Gazette of India
- Income Tax Department — returns and forms applicable for AY 2026-27: ITR-1 to ITR-4 eligibility limits
- Income Tax Department — belated return (s.139(4), 31 December 2026), s.234F fee and updated return (s.139(8A))
- Income Tax Department — 30-day limit to e-verify or submit ITR-V (Notification 2/2024 dated 31.03.2024)
- Memorandum to the Finance Bill, 2025 — s.115BAC(1A) slab rates and the s.87A rebate for AY 2026-27
- Income-tax Act, 2025 (No. 30 of 2025) s.263 — return of income for tax year 2026-27 onward, Gazette of India
Rules, fees and due dates change by notification. Confirm the current position on the official portal before you act.
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