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Income Tax & ITR Filing in Bhopal

Returns filed on the position we can defend, not the one that looks best for a single year.

Who we file for

  • Salaried individuals — including multiple Form 16s, house property, and capital gains from shares or mutual funds
  • Professionals and freelancers — presumptive under Section 44ADA, or regular books where that works out better
  • Businesses — proprietorships, partnerships, LLPs and companies, with or without audit under Section 44AB
  • NRIs — residential status determination, DTAA relief, and income sourced in India
  • Trusts and societies — including 12A and 80G positions

Old regime or new: it is an annual decision

The new regime under Section 115BAC is now the default. Whether it beats the old regime depends on your actual deductions — 80C, 80D, home loan interest under Section 24, HRA under Section 10(13A) — not on a rule of thumb.

For a salaried taxpayer with a home loan and full 80C, the old regime often still wins. For someone renting, without a loan and with little to invest, the new regime usually does. We compute both before filing and show you the working.

Our income tax calculator gives you an indicative comparison in a minute. It is a sanity check, not a filing position.

Beyond the return itself

Filing is the visible part. The work that avoids notices sits around it:

  • Advance tax estimation across the four instalments, so Sections 234B and 234C interest does not accumulate
  • Form 26AS and AIS reconciliation before filing — most scrutiny notices start with a mismatch here
  • TDS compliance: TAN registration, quarterly returns in 24Q, 26Q and 27Q, and Form 16 and 16A issuance
  • Capital gains computation with indexation where it still applies, and Section 54, 54F and 54EC exemption planning
  • Carry-forward and set-off of losses, which is lost entirely if the return is late
File on time, even if you cannot pay

A late return forfeits the right to carry forward business and capital losses. The tax can be paid later with interest; the loss, once lost, does not come back.

Questions

Frequently asked

What is the due date for filing an income tax return?

For individuals and businesses not subject to audit, 31 July following the end of the financial year. Where audit under Section 44AB applies, 31 October. Where transfer pricing provisions apply, 30 November. A belated or revised return can generally be filed up to 31 December of the assessment year. Extensions are announced often enough that you should confirm the current date rather than rely on a chart.

Should I choose the old or new tax regime?

It depends on your deductions, not on your income alone. If you claim substantial 80C, 80D, HRA and home loan interest, the old regime frequently still produces a lower liability. If you have few deductions, the new regime usually wins. Send us your figures and we will compute both.

I received an intimation under Section 143(1). Is that a notice?

It is an intimation, not a scrutiny notice, and it commonly reflects an arithmetic adjustment or a mismatch with Form 26AS or the AIS. It still carries a response window and it can turn into a demand if ignored. Send it to us before you agree to the adjustment online.

Can you file returns for previous years I have missed?

In many cases yes, through an updated return under Section 139(8A), subject to the time limits and additional tax that provision carries. Whether it is worth doing depends on the amounts and on whether the department has already opened proceedings. We will tell you honestly which of your open years are worth filing.

Talk to a Chartered Accountant

Let's get your compliance in order.

A 20-minute call with CA Natasha Rajvaidya is usually enough to tell you where you stand, what it will cost, and what happens next.