CA-assisted ITR filing for every income type.

No — self-filing is available on the income-tax portal. But a CA adds value when income sources are complex (capital gains, business, crypto, foreign assets), when you've received a notice, or when errors could attract §270A penalties. For straightforward salary returns with one Form 16, self-filing is reasonable; for everything else, CA verification is the safer choice.

ITR-1: salary or pension, one house property, interest income, total income ≤ ₹50 lakh. ITR-2: salary plus capital gains, multiple house properties, or foreign assets. ITR-3: business or profession income (non-presumptive), or F&O trading. ITR-4: presumptive income under §44AD or §44ADA. Filing in the wrong form makes the return defective under §139(9).

You can still file a belated return under §139(4) until 31 December 2026. Interest under §234A (1% per month on unpaid tax) runs from the original due date. A late filing fee under §234F (₹5,000; ₹1,000 if income ≤ ₹5 lakh) also applies. Filing sooner stops the §234A interest clock. If you have carry-forward losses (F&O, capital losses), they are permanently lost on a belated return.

At a minimum: Form 16 (salary), Form 26AS and AIS (TDS and tax credits), bank statements for all accounts, capital gains statements from brokers, and PAN/Aadhaar. Additional documents depend on your income: Form 16A for other TDS, rent receipts for HRA, loan statements for home loans, and purchase/sale deeds for property. We confirm the exact list after a brief intake.

Our fee depends on the complexity of your return — a salary-only ITR-1 costs differently from an ITR-3 with F&O, crypto, and foreign assets. We confirm the fee after a brief intake before any payment, so there are no surprises.

Yes — every ordinarily resident individual is required to disclose all foreign assets in Schedule FA of ITR-2 or ITR-3, regardless of whether any income was earned from those assets in FY 2024-25. The obligation arises under the proviso to §139(1) of the Income Tax Act, 1961 and the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015. Failing to disclose even one foreign bank account attracts a minimum penalty of ₹10 lakh under §43 of the Black Money Act, 2015. There is no threshold — a nil-balance foreign account still requires disclosure.

Schedule FA is divided into five parts: Part A (foreign depository accounts — savings, current, FD, NRE/NRO), Part B (foreign custodial accounts — demat or brokerage accounts holding securities), Part C (equity and debt interest in any foreign entity, including ESOPs/RSUs vested or unvested), Part D (immovable property situated outside India), Part E (any other capital asset — insurance policies, trusts, pension funds, beneficial interests). Each part requires the country of location, name of institution, account number or asset description, date of acquisition, cost of acquisition, and peak balance or fair market value as at 31 December 2024 (for bank accounts) or 31 March 2025 (for other assets).

Under §43 of the Black Money Act, 2015, the penalty for failing to disclose a foreign asset in Schedule FA is ₹10 lakh per asset — regardless of its value. In addition, if any undisclosed foreign income exists, it is taxed at 60% under §3 of the Black Money Act plus a penalty of 90% of the tax under §10, making the effective rate 114% of the undisclosed income. Prosecution under §49 of the Black Money Act is also possible, with imprisonment of up to seven years. The normal §270A penalty (50–200% of under-reported tax) under the Income Tax Act applies concurrently. Voluntary disclosure in the return is always the safer path.

Yes — both vested and unvested ESOPs and RSUs granted by a foreign company must be disclosed in Schedule FA Part C. Even if the shares have not been sold, the holding as at the end of FY 2024-25 must be reported at acquisition cost (i.e., FMV at the time of vesting for perquisite-taxed ESOPs). On sale, capital gains are computed separately — listed foreign securities attract LTCG/STCG treatment, not §112A (which is restricted to Indian listed equity). The perquisite at exercise is taxed as salary under §17(2), and the gain on sale is a separate capital gains computation.

Updated returns (ITR-U) under §139(8A) can be filed for up to four assessment years preceding the current one — meaning returns from AY 2022-23 onwards are currently open. ITR-U requires payment of additional tax (25–50% surcharge on the incremental tax, depending on when it is filed). It cannot be used to claim a refund or reduce a previously reported liability.

A revised return (§139(5)) can be filed until 31 March 2027 for AY 2026-27 — it replaces the original completely and can claim refunds, revise income up or down, and correct any error. An updated return (§139(8A), ITR-U) is available for up to four years but can only increase the income declared and cannot be used for refunds. Revised returns are free; ITR-U attracts additional tax.