Income Tax Return (ITR) Filing in Delhi
Filing the correct ITR form with accurate income reporting and full use of eligible deductions protects you from notices, keeps your loss carry-forward rights intact, and builds a clean financial track record for loans and visas. Justsetu LLP prepares and files income tax returns for salaried individuals, professionals, proprietorships, partnerships, LLPs, and companies — matching income against Form 26AS/AIS, planning deductions, and filing before the due date every year.
Who Needs to File an ITR
Any individual whose total income exceeds the basic exemption limit, anyone seeking to claim a tax refund, individuals with foreign assets or signing authority in a foreign account, and all businesses, companies, and LLPs — regardless of profit or loss — are required to file an income tax return each year. Certain individuals must also file even below the exemption limit if they meet specified conditions, such as high-value transactions, foreign travel expenditure, or electricity bills above notified thresholds.
ITR Due Dates for FY 2025-26 (AY 2026-27)
Salaried individuals and other taxpayers filing ITR-1 or ITR-2 (not requiring audit): 31 July 2026. Individuals and businesses filing ITR-3 or ITR-4 without a tax audit requirement: 31 August 2026. Taxpayers requiring a tax audit (businesses/professionals crossing prescribed turnover limits): 31 October 2026. Taxpayers with international or specified domestic transactions requiring a transfer pricing report: 30 November 2026. These dates are as currently notified and are occasionally extended by the CBDT; we track any extension and adjust your filing schedule accordingly.
Documents Required
- PAN and Aadhaar.
- Form 16 (for salaried individuals) or profit and loss account and balance sheet (for business/professional income).
- bank statements.
- details of investments and deductions (Section 80C, 80D, home loan interest, etc.).
- Form 26AS and Annual Information Statement (AIS).
- capital gains statements for shares, mutual funds, or property sold during the year.
- details of foreign assets/income, if any.
Process & Timeline
- Collating income from all sources — salary, house property, capital gains, business/profession, and other sources.
- Reconciling income and TDS credit against Form 26AS and AIS to catch mismatches before filing.
- Selecting the correct ITR form based on income type, residential status, and entity type.
- Computing tax liability under the old or new tax regime, whichever is more beneficial, and claiming eligible deductions.
- Filing the return online and e-verifying it (via Aadhaar OTP, net banking, or DSC) within the prescribed time to complete the filing.
Penalties for Late or Non-Filing
A late filing fee under Section 234F applies (higher for taxpayers with income above the notified threshold, lower for smaller incomes), along with interest on any unpaid tax. Late filers also lose the right to carry forward certain losses (other than house property loss) to future years for set-off.
Why Justsetu LLP
We reconcile every return against Form 26AS and AIS before filing — the single biggest source of tax notices is a mismatch the taxpayer never even knew existed until the notice arrived.
Frequently Asked Questions
31 July 2026 for salaried/non-audit ITR-1/ITR-2 filers; 31 August 2026 for non-audit ITR-3/ITR-4 filers; 31 October 2026 for audit cases; and 30 November 2026 for transfer pricing cases.
It depends on your income sources and entity type — ITR-1 for simple salary/one-house-property income within limits, ITR-2 for capital gains or multiple properties without business income, ITR-3 for business/professional income, ITR-4 for presumptive taxation, and ITR-5/6/7 for firms, companies, and trusts respectively; we determine the correct form for you.
If your gross total income exceeds the basic exemption limit, you must file even if deductions bring your tax payable to nil; certain other conditions can also trigger mandatory filing regardless of income level.
A late fee under Section 234F applies, along with interest on unpaid tax under Sections 234A/B/C, and the right to carry forward business/capital losses (other than house property loss) is lost if filed after the due date.
Salaried individuals without business income can choose the more beneficial regime each year; those with business or professional income have restricted ability to switch back once they opt out of the new regime.
Form 26AS shows tax deducted/collected against your PAN, and AIS additionally captures high-value financial transactions reported by banks and institutions; discrepancies between these and your return are the most common trigger for income tax notices.
Yes, every company and LLP must file its income tax return annually regardless of whether it did any business or made a profit.
Yes, a revised return can be filed to correct errors or omissions within the timeline prescribed under the Income Tax Act for the relevant assessment year.
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