Frequently Asked Questions

Question 1

What is the last date to file ITR for AY 2025-26?

Accepted Answer

The due date for filing your Income Tax Return (ITR) for Assessment Year 2025-26 is July 31, 2025 for individuals and non-audit cases. Filing after this date attracts a late fee of ₹1,000 (income up to ₹5 lakh) or ₹5,000 (income above ₹5 lakh) under Section 234F.

Question 2

Who is required to file an ITR?

Accepted Answer

You must file an ITR if your gross total income exceeds the basic exemption limit (₹2.5 lakh for individuals below 60, ₹3 lakh for senior citizens, ₹5 lakh for super senior citizens). You must also file if you have foreign assets, carry forward losses, or meet other specific conditions under the Income Tax Act.

Question 3

What documents are needed for ITR filing?

Accepted Answer

You will need: PAN card, Aadhaar card, Form 16 (from employer), Form 26AS / AIS / TIS (from TRACES), bank account statements, investment proofs (80C, 80D, etc.), home loan interest certificate (if applicable), and capital gains statements from broker/mutual fund house.

Question 4

How much does ITR filing cost at H&A LLP?

Accepted Answer

Our ITR filing service starts at ₹3,000 + 18% GST (total ₹3,540). The exact fee depends on the complexity of your return — salaried individuals, business income, capital gains, and NRI returns are priced differently. You can pay securely online via our Pay Online page.

Question 5

Can I file ITR for previous years?

Accepted Answer

Yes. You can file a belated or updated ITR (ITR-U) for up to 2 years from the end of the relevant assessment year. However, late filing attracts penalties and interest. We recommend filing as early as possible to avoid complications.

Question 6

What is the difference between the old and new tax regime?

Accepted Answer

The old tax regime allows deductions under Section 80C (up to ₹1.5 lakh), HRA, home loan interest, and more — reducing your taxable income. The new regime offers lower slab rates but most deductions are not available. The better option depends on your income level and investments. We help you calculate which saves more tax for your specific situation.

Question 7

How can I save tax under Section 80C?

Accepted Answer

Section 80C allows a deduction of up to ₹1.5 lakh per year through investments in PPF, ELSS mutual funds, LIC premium, NSC, 5-year FD, EPF contributions, and tuition fees for children. Maximising 80C is one of the simplest ways to reduce your tax liability.

Question 8

When should I start tax planning?

Accepted Answer

Ideally at the start of the financial year (April). Early planning gives you time to make optimal investments, avoid last-minute rushed decisions, and spread out your tax-saving investments across the year. Many people wait until January–March and end up making suboptimal choices.

Question 9

What does your Tax Planning service include?

Accepted Answer

Our Tax Planning service (starting ₹5,000 + GST) includes a full review of your income sources, analysis of old vs new regime, identification of all eligible deductions, investment recommendations, and a year-round strategy to minimise your tax liability legally and efficiently.

Question 10

I received an income tax notice. What should I do?

Accepted Answer

Do not ignore it. First, identify the type of notice — Section 143(1) is a routine intimation, Section 143(2) is a scrutiny notice, Section 148 relates to income escaping assessment. Each requires a different response. Contact us immediately — we handle all types of income tax notices and respond on your behalf within the deadline.

Question 11

Why did I receive a tax notice?

Accepted Answer

Common reasons include: mismatch between ITR and Form 26AS/AIS, unreported income (interest, capital gains, rental), high-value transactions flagged by the system, non-filing of ITR, or random scrutiny selection. We will review your notice and explain the exact reason before responding.

Question 12

How long do I have to respond to a tax notice?

Accepted Answer

Response deadlines vary by notice type — typically 15 to 30 days from the date of notice. Missing the deadline can result in ex-parte assessment (the tax department deciding without your input), penalties, and demand notices. Always respond within the stipulated time.

Question 13

How much does tax notice handling cost?

Accepted Answer

Our Tax Notice Handling service starts at ₹5,000 + 18% GST. The fee depends on the complexity of the notice and the amount of work involved. We provide a clear quote after reviewing your notice — no hidden charges.

Question 14

Do NRIs need to file ITR in India?

Accepted Answer

Yes, if your Indian income (rent, interest, capital gains, salary for services rendered in India) exceeds the basic exemption limit of ₹2.5 lakh, you must file an ITR in India. Even below this limit, filing is advisable to claim TDS refunds.

Question 15

What is DTAA and how does it help NRIs?

Accepted Answer

DTAA (Double Taxation Avoidance Agreement) is a treaty between India and other countries to ensure you are not taxed twice on the same income. India has DTAA with 90+ countries including UAE, USA, UK, Canada, and Australia. We help NRIs claim DTAA benefits to reduce their tax liability in India.

Question 16

What is TDS on NRI income and can I get a refund?

Accepted Answer

TDS is deducted at higher rates on NRI income — 30% on capital gains, 30% on rental income, etc. If your actual tax liability is lower, you can claim a refund by filing your ITR. We handle NRI ITR filing and TDS refund claims efficiently.

Question 17

How much does NRI tax filing cost?

Accepted Answer

NRI Tax Filing starts at ₹25,000 + 18% GST given the additional complexity — DTAA analysis, foreign income reporting, FEMA compliance, and coordination with overseas income details. We provide a comprehensive service covering all aspects of your Indian tax obligations.

Question 18

How do I pay for your services?

Accepted Answer

You can pay securely online via our Pay Online page using UPI (GPay, PhonePe, Paytm), credit/debit cards, or net banking through Razorpay. After payment, you will receive a GST invoice by email automatically.

Question 19

How long does ITR filing take after I share documents?

Accepted Answer

For straightforward salaried returns, we typically file within 24–48 hours of receiving all documents. Complex returns (business income, capital gains, NRI) may take 2–4 working days. We keep you informed throughout the process.

Question 20

Is my financial data safe with you?

Accepted Answer

Absolutely. We treat all client data with strict confidentiality. Your documents and financial information are used solely for the purpose of providing our services and are never shared with third parties. We follow professional ethics standards as required by the Income Tax Act.

Question 21

Do you provide services outside Bhiwandi / Thane?

Accepted Answer

Yes. While our office is in Bhiwandi, Thane, we serve clients across India and NRI clients worldwide. All services can be provided remotely — you share documents digitally, we file on your behalf, and communicate via phone, email, or WhatsApp.

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