Income Tax Return (ITR) filing is an annual obligation for individuals and businesses whose income exceeds the basic exemption limit, or who meet other specified conditions under the Income Tax Act, 1961 (applicable up to FY 2025-26) and the Income Tax Act, 2025 (applicable from Tax Year 2026-27 onwards, effective April 1, 2026). Whether you are a salaried individual, a freelancer, a business owner, or a company, timely and accurate ITR filing avoids penalties, ensures faster refunds, and keeps your financial record clean for loans, visas, and audits.
Who should file: individuals with income above the basic exemption limit, business owners and freelancers regardless of profit or loss, anyone seeking to carry forward losses, individuals with foreign assets or income, and companies and LLPs, which must file annually regardless of income.
We reconcile every income source against Form 26AS and the Annual Information Statement before filing, then track refunds and handle any department queries.
Answers to the questions we hear most often about income tax filing in Delhi NCR.
Generally July 31st for individuals not requiring audit, and October 31st for businesses requiring a tax audit (subject to government extensions).
You may file a belated return with a late fee (up to Rs. 5,000) and lose the ability to carry forward certain losses.
It depends on your income sources and eligible deductions. The new tax regime is the default (under Section 115BAC of the Income Tax Act, 1961, now Section 202 of the Income Tax Act, 2025), and deductions like 80C and 80D are available only under the old regime. We assess both and recommend whichever results in lower tax for your situation.
Not mandatory in most cases, but it can be beneficial for loan applications, visa processing, or carrying forward losses.
Digitax Consultancy was founded on April 1, 2011, by Vishwa Jeet Dwivedi and Amit Kumar Jha, two visionaries with a passion for simplifying financial services.