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ndsadvisors.com

Income Tax E-Filing · ICAI Registered Firm

Income Tax E-Filing Services accurate, timely, and fully compliant.

Hassle-free ITR filing for salaried individuals, freelancers, NRIs, HUFs, and businesses — with expert tax planning, capital gains computation, old vs new regime comparison, TDS reconciliation, and end-to-end notice support by qualified Chartered Accountants in Mumbai.

Filing your income tax return is not just a statutory obligation — it is the annual financial health check of your personal and business finances. An incorrectly filed ITR can trigger notices, disallow legitimate deductions, and cost far more than the tax saved. At NDS Advisors, we handle income tax e-filing with the same rigour we bring to corporate audits.

The Income Tax Act, 1961 mandates ITR filing for individuals, HUFs, firms, LLPs, and companies beyond specified thresholds. With the Income Tax portal evolving every assessment year — new AIS/TIS data, updated ITR utilities, shifting deadlines, and revised slab structures under the new tax regime — having a seasoned Chartered Accountant file on your behalf is the surest way to stay compliant and tax-efficient.

We serve salaried employees, self-employed professionals, traders with F&O income, NRIs with India-sourced income, promoters with unlisted shares, and businesses with complex multi-head income. Every engagement begins with a thorough review of Form 26AS, AIS, and TIS — ensuring that what we file precisely matches what the department already sees.

Our Income Tax E-Filing Services

01

ITR Filing — Individuals & Salaried

Accurate ITR-1 and ITR-2 filing for salaried employees, pensioners, and individuals with house property, interest, or capital gains income.

02

ITR Filing — Business & Professionals

ITR-3 and ITR-4 filing for freelancers, consultants, doctors, and businesses — including presumptive income under Sections 44AD and 44ADA.

03

NRI Tax Filing & DTAA Advisory

ITR filing for Non-Resident Indians with India-sourced income — rental, capital gains, NRO interest — with Double Tax Avoidance Agreement benefit claims.

04

Capital Gains Computation

Accurate computation of STCG and LTCG on shares, mutual funds, property, and unlisted securities — with exemptions under Sections 54, 54EC, and 54F.

05

Old vs New Tax Regime Advisory

Side-by-side comparison of both regimes for your income profile — identifying the option that minimises your actual tax liability for the year.

06

Advance Tax & Self-Assessment

Computation and remittance of advance tax in four instalments — avoiding interest under Sections 234B and 234C and keeping your tax position clean.

07

TDS Reconciliation & Refund Claims

Matching Form 26AS, AIS, and TIS with actual TDS deductions — and filing refund claims where excess tax has been deducted at source.

08

Income Tax Notice Response

Expert handling of Section 143(1), 142(1), 148, and 139(9) notices — with written responses, document preparation, and representation before the ITO.

Our E-Filing Process

1

Document Collection

We share a tailored checklist — Form 16, AIS, capital gains statements, interest certificates, and investment proofs — collected securely online.

2

Income Review & Reconciliation

Cross-verification of Form 26AS, AIS, and TIS with your documents to identify mismatches before filing.

3

Tax Computation & Planning

Computation of total income, eligible deductions, regime comparison, and advance tax position — with a clear tax summary shared for approval.

4

ITR Preparation & Filing

Preparation of the correct ITR form using the official portal or approved utility, with all schedules accurately populated and verified.

5

e-Verification & Acknowledgement

Immediate e-verification via Aadhaar OTP or net banking, with the ITR-V acknowledgement shared within 24 hours of filing.

Why File Through NDS Advisors

Correct ITR form selection for every income type
Maximum legitimate deductions — nothing left on the table
AIS / TIS / Form 26AS reconciliation before filing
Old vs new regime comparison for optimal tax outflow
Accurate capital gains computation — all asset classes
Avoid penalties under Sections 234A, 234B, 234F
NRI filing with DTAA benefit claims handled end-to-end
Notice response and assessment support included

Frequently Asked Questions

The correct ITR form depends on your income sources: ITR-1 (Sahaj) for salaried individuals with income up to ₹50 lakh; ITR-2 for individuals with capital gains or foreign income; ITR-3 for business or professional income; ITR-4 (Sugam) for presumptive income under Sections 44AD, 44ADA, or 44AE; ITR-5 for LLPs and firms; and ITR-6 for companies. Our team selects the correct form based on your complete income profile.

For individuals and HUFs not subject to audit, the due date is 31 July of the assessment year. For taxpayers whose accounts require audit under any law, the due date is 31 October. Belated returns can be filed up to 31 December of the assessment year with a late fee of ₹1,000 to ₹5,000 under Section 234F.

Yes. NRIs are liable to file ITR in India if their India-sourced income exceeds the basic exemption limit. This includes rental income, capital gains on Indian assets, interest from NRO accounts, and business income. We handle NRI ITR filing, DTAA benefit claims, TDS refund applications, and repatriation-related filings entirely online.

A late fee of ₹5,000 (₹1,000 if income is below ₹5 lakh) is levied under Section 234F. Additionally, carry-forward of business losses and speculative losses is disallowed. Interest under Section 234A accrues on outstanding tax at 1% per month. Filing a belated return before 31 December of the assessment year limits the damage significantly.

Capital gains are classified as short-term (STCG) or long-term (LTCG) based on the holding period. For listed equity and equity mutual funds, LTCG above ₹1.25 lakh is taxed at 12.5% and STCG at 20%. For immovable property, LTCG (held over 24 months) is taxed at 12.5% without indexation. We compute gains accurately and identify eligible exemptions under Sections 54, 54EC, and 54F.

The new tax regime under Section 115BAC offers lower slab rates but disallows most deductions — including HRA, LTA, 80C, 80D, and home loan interest. The old regime retains deductions and suits taxpayers with significant investments and housing loans. We run a tax comparison for both regimes and recommend the option that results in lower tax outflow for your specific income profile.

The type of notice determines the response — Section 143(1) for processing adjustments, Section 142(1) for information requests, Section 148 for income escaping assessment, Section 139(9) for defective returns. We identify the notice type, prepare a point-by-point response with supporting documents, and represent you before the Income Tax Officer where required.

Typical documents include Form 16 (from employer), Form 26AS and AIS/TIS from the income tax portal, bank interest certificates, capital gains statements from brokers, rent receipts, home loan interest certificate, investment proofs for 80C/80D, and business P&L if applicable. We share a tailored checklist at the start of every engagement.

File on Time, Every Assessment Year

Let our CA team handle your ITR filing — accurately, on time, with maximum legitimate deductions and zero last-minute surprises.

Talk to a Tax Expert or call +91 9819 000 511