Income Tax Return (ITR) Filing
Salaried, freelancer, business or NRI — file the right ITR on time, every year.
At a glance
- Typical timeline
- 1–3 working days per return
- Govt portals
- Income Tax
- Documents needed
- 8 basic items
- Deliverables
- 11 inclusions
What is Income Tax Return (ITR) Filing?
Filing your Income Tax Return on time is the single best signal of financial discipline — required for visas, loans, credit cards and tender bids. Akshay B2B Solutions files every category of ITR (1 through 7), reconciles Form 26AS and AIS, claims maximum legal deductions, computes advance tax, handles refunds, responds to notices under sections 139(9), 143(1), 143(2) and 148, and supports tax audits under section 44AB.
What's included
Everything we cover under this engagement.
- ITR-1 (Sahaj) — salaried, one house property, income < ₹50 lakh
- ITR-2 — capital gains, multiple properties, NRI
- ITR-3 — business / professional income with books
- ITR-4 (Sugam) — presumptive income under 44AD / 44ADA
- ITR-5 — partnership, LLP, AOP, BOI
- ITR-6 — companies (other than 11)
- ITR-7 — trusts, political parties, research institutions
- 26AS / AIS / TIS reconciliation
- Advance tax calculation and quarterly reminders
- Tax audit (44AB) report and form 3CD filing
- Notice replies — 139(9), 143(1), 143(2), 148
Documents you'll share
We collect everything over WhatsApp or email.
- PAN and Aadhaar (linked)
- Form 16 (salaried) / Form 16A (TDS on other income)
- Bank account details — all accounts
- Investment proofs — 80C, 80D, 80G, NPS
- Capital gains statements — broker P&L, mutual fund statements
- Rent receipts / home loan interest certificate
- Business books — sales, expenses, depreciation (for ITR-3 / 4)
- Foreign assets / income details (NRIs and ITR-2)
Who needs this
- Total income above the basic exemption limit (₹2.5L / ₹3L)
- Refund claim for TDS deducted in excess
- Income from business / profession — books required
- Capital gains, foreign assets, NRI income
- Anyone who has been issued an income tax notice
How we get this done
A clear, predictable sequence — no chasing, no surprises.
- 01
Quick discovery call
We understand your income sources, regime preference (old vs new) and prior-year data.
- 02
Document collation
Share Form 16, AIS / 26AS, capital gains statements over WhatsApp or email.
- 03
Computation & review
We compute tax under both regimes and pick the optimal one. You review and sign off.
- 04
E-filing & e-verification
We file on the income tax portal and complete e-verification via Aadhaar OTP.
- 05
Refund tracking
Refunds typically credited in 7–30 days. We track and follow up if delayed.
Cost of non-compliance
Why filing on time is non-negotiable.
- Late filing: ₹1,000 (income < ₹5L) or ₹5,000 (≥ ₹5L) under section 234F
- Interest under section 234A: 1% per month on unpaid tax
- Concealment: 50%–200% of tax sought to be evaded under section 270A
Common questions
Quick answers to the things founders ask us most.
What's the due date for ITR filing?
31 July for non-audit individuals, 31 October for audited cases, 30 November for international transactions. Belated returns till 31 December with penalty.
Old vs new tax regime — which is better?
Depends on your deductions. New regime is simpler with lower slabs but no 80C/80D/HRA. We compute both and pick the cheaper one.
What if I miss the due date?
Late fee of ₹1,000 (income < ₹5L) or ₹5,000 (income ≥ ₹5L) under section 234F, plus interest under 234A. You also lose the right to carry forward losses.
How long do refunds take?
7–30 days from e-verification, assuming bank account is pre-validated and there's no mismatch with 26AS / AIS.
Do you handle income tax notices?
Yes — we draft and file replies to defective return (139(9)), intimation (143(1)), scrutiny (143(2)) and reassessment (148) notices.
Do freelancers need ITR-3 or ITR-4?
ITR-4 if you opt for presumptive (44ADA — declare 50% of receipts as income). ITR-3 if you maintain proper books and want to claim actual expenses.
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Learn moreReady to start your itr?
Talk to us — we'll share a fixed quote, exact documents needed and the realistic timeline for your case.