Income Tax Return (ITR) Filing – Individuals

Yes, in most cases filing is still required. Even if TDS has been deducted, you must file your return if your total income exceeds the basic exemption limit, you have foreign assets, or you want to claim a refund. Filing also helps in establishing income proof for loans, visas, and other financial purposes.

Yes, but late filing fees and restrictions may apply. You can file a belated return until December 31 of the assessment year, but with a late fee. However, certain benefits like carry forward of losses may not be available for belated returns. It's always advisable to file within the due date.

Yes, we provide support for notice handling services separately. While our basic ITR filing package covers accurate filing to minimize notices, we offer dedicated notice response services if you receive any communication from the Income Tax Department. Our tax experts can help draft and submit appropriate responses.

For individuals (without audit requirement), the due date is usually July 31st of the assessment year. For businesses requiring audit, it's September 30th. However, these dates may be extended by the government. We recommend checking current year deadlines or contacting us for the latest information.

Yes, you can file a revised return if you discover any errors or omissions. Revised returns can be filed within the end of the relevant assessment year or before completion of assessment, whichever is earlier. We provide revision services to correct mistakes in originally filed returns.

Not filing ITR when required can lead to penalties ranging from ₹1,000 to ₹10,000, interest on unpaid taxes, and notices from the Income Tax Department. It can also affect your credit score, loan applications, and visa processing. Regular defaulters may face more severe consequences including prosecution in extreme cases.