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ITR Services

Filing your income tax return on time and accurately is not just a legal requirement — it unlocks loans, visas, and government tenders. Byalance handles everything from document collection to notice responses, ensuring zero-stress compliance.

Income SourcesDeductions₹Form 16Salary26ASTax CreditAIS / TISReviewITR Filed

What's Included

Applicability Check (Mandatory vs Voluntary Filing)
PAN–Aadhaar Linking Verification
Computation of Total Income & Tax Liability
Form 26AS, AIS & TIS Review
Income & Deduction Documentation (Form 16, Bank Statements)
Filing of Correct ITR Form (ITR-1 to ITR-7)
Revised Return Filing
Notice & Scrutiny Support (143(1), 139(9), 143(2) Responses)
Tax Planning & Advance Tax Advisory

Why Accurate ITR Filing Matters

An incorrect ITR form or missed schedule can trigger a defective return notice under Section 139(9), leading to penalties and even prosecution in extreme cases. Our team matches your income across Form 26AS, AIS, and bank statements before filing so your return is bulletproof.

We also advise on legal deductions under Sections 80C, 80D, 80G, HRA, and LTA to minimise your tax outgo every year.

Who Is This For?

  • Salaried individuals (Form 16 holders)
  • Self-employed professionals (doctors, lawyers, consultants)
  • Business owners and proprietors
  • Freelancers with domestic or foreign income
  • HUFs and partnership firms
  • Companies and LLPs

Get Started Today

Share your Form 16 or income details. We'll handle the rest and file before the deadline.

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ITR Filing — Frequently Asked Questions

ITR filing is mandatory if your income exceeds the basic exemption limit (₹3 lakh under new regime / ₹2.5 lakh under old regime), if you have foreign assets, if TDS has been deducted and you want a refund, or if you want to carry forward losses. It is also mandatory for companies and LLPs regardless of profit. Byalance first checks your exact applicability before filing.

For salaried individuals and businesses not requiring audit, the ITR due date is 31st July of the assessment year. For businesses requiring a tax audit (turnover above ₹1 crore for business / ₹50 lakh for professionals), the deadline is 31st October. A belated return can be filed until 31st December. Byalance tracks all deadlines and sends you reminders to ensure timely filing.

A late filing fee of ₹5,000 applies if you file after the due date (reduced to ₹1,000 if income is below ₹5 lakh). Beyond this, you lose the ability to carry forward business losses, and interest at 1% per month applies on unpaid tax under Section 234A. Byalance files your return before the deadline every year to avoid these costs.

The correct ITR form depends on your income type: 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 income; ITR-4 (Sugam) for presumptive taxation; ITR-5 for firms/LLPs; ITR-6 for companies; ITR-7 for trusts and political parties. Filing the wrong form results in a defective return notice. Byalance selects the correct form based on your income profile.

Form 26AS is a consolidated tax statement showing all TDS deducted on your income, advance tax paid, and self-assessment tax paid. The Income Tax Department matches your ITR against 26AS — any mismatch can trigger a scrutiny notice. Byalance cross-checks your Form 26AS, AIS (Annual Information Statement), and TIS (Taxpayer Information Summary) before filing to ensure your return is accurate and notice-proof.

Key deductions include: Section 80C (up to ₹1.5 lakh for PPF, ELSS, LIC, home loan principal); Section 80D (health insurance premiums up to ₹25,000–₹50,000); Section 24(b) (home loan interest up to ₹2 lakh); HRA exemption for rent paid; Section 80G for donations. Note these are available under the old tax regime. Byalance advises on the optimal regime (old vs new) for your income profile every year.

Do not ignore an income tax notice. Common notices include Section 143(1) for minor mismatches, Section 139(9) for defective returns, and Section 143(2) for scrutiny. Each has a specific response deadline. Byalance reviews the notice, identifies the cause, prepares the response with supporting documents, and files it on the income tax portal within the due date.

Yes. Byalance specialises in ITR filing for freelancers, consultants, doctors, lawyers, architects, and other self-employed professionals. We compute your net income after deducting legitimate business expenses, check TDS deducted by clients against Form 26AS, advise on advance tax obligations, and file the correct ITR form (typically ITR-3 or ITR-4) before the due date.