Income Tax Return Filing for FY 2025-26 (AY 2026-27) — ITR-1 to ITR-7 by CA Alok Kumar (FCA, AICA, LLM, AML Specialist)
File your Income Tax Return correctly with CA-led review of AIS, TIS, Form 26AS, salary, capital gains, business / profession income, F&O, NRI income and old vs new tax regime comparison. Our 110+ professional team handles ITR-1 (Sahaj) to ITR-7 for salaried employees, business owners, professionals, F&O traders, capital-gains earners, NRIs, firms, LLPs and companies. We help taxpayers claim legitimate refunds through proper AIS / TIS / Form 26AS reconciliation, correct ITR form selection and accurate disclosure of foreign assets, capital gains and presumptive income.
Most taxpayers search Google by their situation — not by ITR form number. Pick your category below and we’ll guide you to the right form, regime and disclosures for AY 2026-27.
Form 16 from employer, salary income, two house properties (now allowed in ITR-1 for AY 2026-27), bank interest, dividends, HRA / LTA exemptions and Chapter VI-A deductions (80C, 80D, 80CCD, etc.). We compare old vs new regime and pick the regime that legally minimises your tax.
Find your ITR form →STCG & LTCG on listed equity shares and equity mutual funds (Section 111A & 112A), debt mutual funds, unlisted shares, sale of property (Sections 54 / 54F / 54EC indexation & rollover), bonds, gold ETFs and crypto / VDA gains under Section 115BBH. Broker P&L statement and AIS-based reconciliation.
View ITR-2 details →Proprietorship business, doctors, lawyers, architects, consultants, designers, content creators — books of accounts, P&L, balance sheet, depreciation, GST turnover reconciliation, partner remuneration / interest, and tax audit u/s 44AB where applicable.
View ITR-3 details →Futures & Options (non-speculative business income), intraday equity trading (speculative), derivative turnover computation as per ICAI guidance note, F&O loss set-off and carry-forward, tax audit applicability, broker contract notes & ledger reconciliation.
F&O ITR — WhatsApp now →Indian-source income (rent, interest, capital gains, dividends), DTAA relief computation, Schedule FA disclosure where applicable, residency determination under Section 6, FEMA-compliant remittance (Form 145 / 146 — renumbered 15CA / 15CB), TRC verification and refund of TDS u/s 393 / 394 / 395.
NRI taxation page →Partnership firms, LLPs, AOPs, BOIs (ITR-5) and Pvt. Ltd. / Public / OPC companies (ITR-6) — with audited financials, MAT / AMT computation, Section 115BAA / 115BAB rate election, MSME-payment disallowance u/s 43B(h) check, and ROC compliance alignment.
Company / LLP page →Missed filing the ITR for AY 2025-26 (or earlier)? After 1 April 2026, revised & belated returns for AY 2025-26 cannot be filed. The only option is an Updated Return (ITR-U) under Section 139(8A) within 48 months from the end of the AY, with 25%–70% additional tax depending on the time of filing.
ITR-U filing page →Section 143(1) intimation, Section 143(1)(a) prima-facie adjustment, Section 139(9) defective return, Section 245 refund adjustment, outstanding tax demand, rectification u/s 154 — we handle every CPC communication on a separate dedicated page.
CPC notice reply →Each ITR form is designed for a specific category of taxpayer. Filing the wrong form makes your return defective under Section 139(9) and may invalidate it. CBDT has notified all ITR forms (ITR-1 to ITR-7, ITR-U and ITR-V) for AY 2026-27 ahead of the filing season — one notable change is that ITR-1 (Sahaj) now permits income from up to two house properties. Use our free ITR Finder tool below to identify your correct form in under 60 seconds.
Resident Individuals — Income up to ₹50 Lakh
The simplest form for salaried employees and pensioners with total income up to ₹50 lakh from salary, up to two house properties (new for AY 2026-27), other sources (interest, family pension), agricultural income up to ₹5,000, and limited LTCG u/s 112A from listed equity / equity mutual funds up to ₹1.25 lakh (no carry-forward losses).
Individuals & HUFs — No Business Income
For individuals with capital gains (shares, mutual funds, property, crypto / VDA), three or more house properties, foreign income or assets (Schedule FA), income above ₹50 lakh, or NRIs / RNORs with Indian-source income. Cannot include business or profession income.
Individuals & HUFs — Business / Profession Income
For individuals or HUFs earning income from business or profession (proprietorship). Includes freelancers, consultants, doctors, lawyers, architects, traders with F&O income, and partners drawing remuneration / interest from a firm. Books of accounts and tax-audit applicability checked.
Presumptive Taxation — Sec 44AD / 44ADA / 44AE
For small businesses (turnover up to ₹2 crore / ₹3 crore with conditions) and professionals (gross receipts up to ₹50 lakh / ₹75 lakh with conditions) opting for presumptive taxation. No detailed books required — declare income at the prescribed percentage (6% / 8% / 50%).
Partnership Firms, LLPs, AOPs, BOIs
For partnership firms (including LLPs), Association of Persons (AOPs), Body of Individuals (BOIs), cooperative societies and local authorities. Not for individuals, HUFs, companies or persons filing ITR-7.
All Companies — except those claiming Sec 11 exemption
Mandatory for all companies registered under the Companies Act, 2013 — Pvt. Ltd., Public, One Person Company (OPC) — except those claiming exemption under Section 11 (charitable trusts). Must be filed electronically with digital signature.
Trusts, Political Parties, Institutions — Sec 139(4A – 4F)
For charitable / religious trusts (Sections 11 & 12), political parties, research institutions, educational institutions and other entities required to file under Section 139(4A), 139(4B), 139(4C), 139(4D), 139(4E) or 139(4F).
Section 139(8A) — Up to 48 months from end of AY
For taxpayers who missed the original / belated / revised due date or wish to disclose additional income for an earlier year. Filed within 48 months from the end of the relevant AY, with additional tax of 25% (1st year), 50% (2nd year), 60% (3rd year) and 70% (4th year) over and above the regular tax and interest.
Answer 4 simple questions to find out which ITR form you should file for FY 2025-26 (AY 2026-27).
For FY 2025-26 (AY 2026-27), the new regime is the default and offers nil tax up to ₹12 lakh through the Section 87A rebate. Compare both regimes for your numbers in seconds.
Disclaimer: This is a simplified ready-reckoner for FY 2025-26 salary income (below 60 years). It does not account for surcharge above ₹50 lakh, marginal relief, capital-gains-specific rates, age-based slabs, AMT or all chapter VI-A deductions. For accurate filing, please book a consultation.
Keep these ready before we begin filing. The faster the documents, the cleaner the return — and the better your AIS / TIS / 26AS reconciliation.
Send “ITR Checklist” to our team and we’ll share a printable PDF along with a personalised list based on your income type for AY 2026-27.
Send “ITR Checklist” on WhatsApp Book ITR Consultation Call +91-9818167102We’ll never spam. The checklist is shared as a one-time message; further communication requires your reply.
For AY 2026-27, all ITR filings continue under the Income-tax Act, 1961. The Income Tax Act, 2025 applies only to income from 1 April 2026 onwards (Tax Year 2026-27, due in 2027). Due dates are subject to CBDT notification / extension — verify the applicable deadline before filing.
| Category of Taxpayer | AY 2026-27 (FY 2025-26) | Section / Form | Late-Filing Consequence |
|---|---|---|---|
| ITR-1 & ITR-2 (Non-audit) Salaried / pension / capital gains / NRI |
31 July 2026 | Sec 139(1) | Sec 234F: ₹5,000 (₹1,000 if income ≤ ₹5L) |
| ITR-3 & ITR-4 (Non-audit) Business / profession / presumptive |
31 August 2026 | Sec 139(1) (extended w.e.f. AY 2026-27) | Sec 234F + Sec 234A interest @1% p.m. |
| Tax-audit Cases (44AB) Companies, audit-required firms, businesses crossing limits |
31 October 2026 | Sec 139(1) & Sec 44AB | Sec 234F + 0.5% of turnover (max ₹1.5L u/s 271B) |
| Transfer-Pricing Cases International / specified domestic transactions |
30 November 2026 | Sec 92E & Form 3CEB | 2% of transaction value u/s 271BA |
| Tax-Audit Report (Form 3CA / 3CB / 3CD) | 30 September 2026 (one month before ITR) | Sec 44AB | Penalty u/s 271B |
| Belated Return | 31 December 2026 | Sec 139(4) | Loss carry-forward forfeited (except house-property loss) |
| Revised Return | 31 March 2027 (proposed extension) | Sec 139(5) | No additional fee — revision allowed |
| Updated Return (ITR-U) | Up to 48 months from end of AY (i.e., 31 March 2031 for AY 2026-27) | Sec 139(8A) | 25% / 50% / 60% / 70% additional tax depending on year of filing |
The Income Tax Department has clarified that revised & belated returns for AY 2025-26 (or earlier years) cannot be filed after 1 April 2026. The only available option now is an Updated Return (ITR-U) under Section 139(8A), subject to additional tax of 25%–70%. We’ll first check if your case qualifies before charging anything.
Whether you visit our Dwarka office, our Rajendra Place branch, or work with us remotely from anywhere in India / overseas, the workflow is the same — structured, transparent and CA-supervised at every stage.
Call, WhatsApp or in-person consultation. We understand income heads, residency status and prior-year ITR position before quoting the engagement.
Share Form 16, capital-gains statements, AIS / TIS / 26AS download, bank statements and any other relevant documents over WhatsApp / email or our secure upload link.
Our team reconciles AIS / TIS / Form 26AS with your books, identifies mismatches, computes capital gains with indexation, and validates 80C / 80D / HRA disclosures.
We prepare side-by-side old vs new regime computation, factor in surcharge / cess, marginal relief, advance tax / TDS, and freeze the regime & final tax payable.
CA Alok Kumar (or a senior CA from the team) reviews the computation. After your sign-off, we file the ITR on the e-filing portal and share the ITR-V acknowledgement.
Aadhaar OTP, net-banking, DSC or sending a signed ITR-V to CPC Bengaluru — we walk you through e-verification and confirm successful processing.
We track refund status, follow up on bank-account validation issues, and assist if CPC issues an intimation u/s 143(1) with a demand or mismatch.
Defective-return notice u/s 139(9), prima-facie adjustment u/s 143(1)(a), refund adjustment u/s 245, rectification u/s 154 — we handle the post-filing journey too.
Fellow CA, LLM from National Law University Delhi, AI-Certified — triple qualification ensures technically sound and legally defensible ITR filing.
Every return goes through a structured reconciliation of AIS, TIS and Form 26AS — catching mismatches before CPC does, reducing the risk of post-filing notices.
Old vs new regime comparison, accurate disclosure of deductions, and proper TDS reconciliation help you claim every legitimate refund — without overstatement risks.
NRI ITR filing for residents of USA, UK, UAE, Singapore, Australia, Canada and 30+ countries — with TRC, DTAA relief, Schedule FA and Form 145 / 146 support.
S.K. Mehta & Co. (Estd. 1970) — CAG / RBI / IRDA empaneled with dedicated specialists for salary, capital gains, business, F&O and NRI returns.
Not just filing season — CPC notice replies, rectifications, ITR-U for earlier years, and tax planning support throughout the year.
Based in Dwarka and Rajendra Place, Delhi, CA Alok Kumar’s team assists taxpayers across Delhi NCR and India through online document review, WhatsApp coordination and professional ITR-filing support. NRI clients across the world are served remotely.
For non-audit taxpayers filing ITR-1 & ITR-2: 31 July 2026. For non-audit ITR-3 & ITR-4 (business / profession / presumptive): 31 August 2026. Tax-audit cases: 31 October 2026. Transfer-pricing cases: 30 November 2026. Belated return: 31 December 2026. Revised return: 31 March 2027 (proposed extension by Finance Bill 2026). Due dates are subject to CBDT notification or extension — please verify before filing.
It depends on your status and income sources. ITR-1 for resident individuals with salary, up to two house properties (now allowed for AY 2026-27), and total income up to ₹50 lakh. ITR-2 for capital gains, NRIs, foreign income or income above ₹50 lakh. ITR-3 for business / profession / F&O. ITR-4 (Sugam) for presumptive taxation. ITR-5 for firms / LLPs. ITR-6 for companies. ITR-7 for trusts & political parties. Use our free ITR Finder tool above for a personalised recommendation.
The Income Tax Department has clarified that revised & belated returns for AY 2025-26 (or earlier) cannot be filed after 1 April 2026. Your only option is an Updated Return (ITR-U) under Section 139(8A), which can be filed within 48 months from the end of the AY. Additional tax of 25% / 50% / 60% / 70% applies depending on the year of filing — over and above the regular tax and interest. Visit our ITR-U filing page for full eligibility check.
AY 2026-27 returns are filed under the Income-tax Act, 1961 (old Act). The new Income Tax Act, 2025 came into force on 1 April 2026 and applies to income earned from FY 2026-27 onwards (Tax Year 2026-27, due in 2027). All assessments, defective-return notices, rectifications, ITR-U for AY 2026-27 and earlier years continue under the 1961 Act. Section numbers, TDS forms (24Q → 138, 26Q → 140, 27Q → 144) and challans (unified Form 141) change only for FY 2026-27 onwards.
The biggest change is that ITR-1 now allows reporting income from up to two house properties (earlier limited to one). This significantly expands the scope of ITR-1 for resident individuals with multiple properties. ITR-1 also continues to allow limited LTCG u/s 112A from listed equity / equity mutual funds up to ₹1.25 lakh, provided there are no brought-forward losses. The total-income ceiling of ₹50 lakh remains unchanged.
The new regime is the default from FY 2023-24 onwards. For FY 2025-26, it offers nil tax up to ₹12 lakh (through Section 87A rebate), a higher standard deduction of ₹75,000, but most deductions (80C, 80D, HRA, LTA, home-loan interest on self-occupied property) are not available. The old regime has higher slab rates but allows all deductions and exemptions. For salaried / non-business cases, you can switch every year. For business cases, opting out requires Form 10-IEA before the due date. We provide a side-by-side comparative analysis — use our regime comparator above for an instant estimate.
F&O income is treated as non-speculative business income and intraday equity as speculative business income — both reported under ITR-3. We compute turnover as per the ICAI guidance note, prepare P&L from the broker contract notes & ledger, check tax-audit applicability under Section 44AB (turnover thresholds and 8% / 6% profit-rule conditions), and assist with set-off and four-year carry-forward of F&O losses (eight-year for speculative). Crypto / VDA gains are taxed flat at 30% under Section 115BBH and reported in Schedule VDA.
Yes — we file ITR for NRIs across the USA, UK, UAE, Singapore, Australia, Canada and 30+ countries. Most NRIs file ITR-2 (Indian-source rent, interest, capital gains, dividends without business income) or ITR-3 if they have business or professional income in India. We handle TRC verification, DTAA relief computation under Section 90 / 90A / 91, Schedule FA disclosure (where applicable for resident filers), Section 89A relief for retirement accounts of US / UK / Canada residents, and refund of TDS on NRO interest, property sale or dividends. Visit our NRI taxation page for details.
At minimum: PAN, Aadhaar, Form 16 (for salaried), AIS / TIS / Form 26AS, bank statements, capital-gains broker statement, home-loan certificates, deduction proofs (80C / 80D / 80E / 80G), and the previous year’s ITR. The full personalised checklist depends on your income heads — see the Documents section above or send “ITR Checklist” on WhatsApp to +91-9818167102 for a printable PDF.
Section 234F: Late-filing fee up to ₹5,000 (₹1,000 if total income ≤ ₹5 lakh). Section 234A: Interest @1% per month on unpaid tax from the due date. Loss of carry-forward for business loss, capital loss and speculative loss (only house-property loss can still be carried forward). Deduction disallowance: Sec 10AA, 80-IA, 80-IB, 80-IC etc. cannot be claimed if return is filed after the due date. Refund processing also gets significantly delayed.
We download the AIS, TIS and Form 26AS from your e-filing portal and compare every entry — salary, interest, dividend, sale of securities, sale of property, GST turnover, foreign remittance, mutual-fund SIP / redemption, credit-card spend (SFT) etc. — against your books, bank statements and broker / employer documents. Mismatches are either corrected through feedback on the AIS portal or properly explained in the ITR. This is our single biggest defence against post-filing CPC notices under Section 143(1) and 143(1)(a).
Our primary office is in Dwarka, New Delhi (T-3 & T-4, Manish Twin Plaza, Plot No. 3, Sector 4, Dwarka — 110078). Branch office at Rajendra Place, Delhi (302-306, Pragati Tower, 26 Rajendra Place — 110008). We also have a third office in Hisua, Nawada, Bihar. We serve Delhi-NCR (Gurgaon, Noida, Faridabad, Ghaziabad), Patna, Pune, Mumbai, Bengaluru and Pan-India online. NRI ITR filing is available worldwide. Call +91-9818167102 or WhatsApp for instant support.
From ITR-1 salary returns to complex ITR-3 business / F&O filings, NRI returns to ITR-U for missed years — CA Alok Kumar’s 110+ member team ensures accurate filing, proper AIS / TIS / 26AS reconciliation and the legitimate refund you’re entitled to. Book your consultation today.
