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Online income tax return filing is the process of reporting your income, deductions, taxes paid, losses and refund claims to the Income Tax Department. A correctly filed ITR helps you report income from all applicable sources, claim eligible deductions and tax credits, receive refunds for excess tax paid, carry forward eligible losses, maintain valid proof of income, and reduce the risk of tax mismatches and notices.
Ebizfiling provides online ITR filing services for salaried individuals, professionals, proprietors, partnership firms, LLPs, companies, trusts, and NRIs.
The Income Tax Act, 2025, became effective from 1 April 2026. However, taxpayers must understand the transitional filing rules correctly.
|
Income period |
Return framework |
Applicable provision |
|
Income earned during FY 2025–26 |
Assessment Year 2026–27 under the Income-tax Act, 1961 |
Section 139 |
|
Income earned during Tax Year 2026–27 |
Income Tax Act, 2025 |
Section 263 |
|
Earlier assessment years |
Income Tax Act, 1961 |
Relevant old provisions |
The return for income earned from 1 April 2025 to 31 March 2026 continues to be filed under the Income-tax Act, 1961. Taxpayers must use the notified ITR-1 to ITR-7 forms for assessment year 2026–27.
The first return under the Income Tax Act, 2025, will relate to Tax Year 2026–27 and will ordinarily be filed after the end of that tax year.
Therefore, the existing ITR forms should not be treated as renumbered forms for the current Assessment Year 2026–27.
Selecting the wrong ITR form, missing an income source, or claiming an ineligible deduction may lead to a defective return, tax demand, or notice.
Ebizfiling can assist you with:
Call: +91 9643203209,Email: info@ebizfiling.com
Apart from income tax return filing, Ebizfiling also assists with:
Selecting the correct ITR form depends on your legal status, residential status, income sources, total income and eligibility conditions.
The following forms apply to returns for Assessment Year 2026–27 under the Income-tax Act, 1961:
|
ITR form |
Generally applicable to |
Main income covered |
|
Eligible resident individuals with total income up to ₹50 lakh |
Salary or pension, eligible house-property income, other sources, agricultural income up to ₹5,000 and eligible LTCG under Section 112A up to ₹1.25 lakh |
|
|
Individuals and HUFs without business or professional income |
Salary, house property, capital gains, foreign income, foreign assets and other sources |
|
|
Individuals and HUFs having business or professional income |
Business, profession, salary, house property, capital gains and other sources |
|
|
Eligible resident individuals, HUFs and firms other than LLPs |
Presumptive income under Sections 44AD, 44ADA or 44AE and other permitted income |
|
|
Partnership firms, LLPs, AOPs, BOIs and specified entities |
Business and other income applicable to the entity |
|
|
Companies other than companies claiming exemption under Section 11 |
Company income, deductions, losses and tax liability |
|
|
Specified trusts, institutions, political parties and other eligible persons |
Income reportable under the special return-filing provisions |
Eligibility conditions for ITR forms can change through annual notifications. The taxpayer’s complete income profile should be reviewed before selecting a form.
The general ITR due date depends on whether the taxpayer is subject to an audit or transfer-pricing reporting.
|
Taxpayer category |
General due date |
|
Individual, HUF or other taxpayer not requiring audit |
31 July |
|
Taxpayer required to obtain an audit |
31 October |
|
Taxpayer required to submit a transfer-pricing report |
30 November |
|
Belated return for AY 2026–27 |
31 December 2026, unless completed assessment occurs earlier |
|
Revised return for AY 2026–27 |
Within the applicable statutory period or before completion of assessment, whichever is earlier |
For Assessment Year 2026–27, the Income Tax Department has communicated 31 July 2026 as the due date for ordinarily applicable non-audit individual returns.
The government may extend a due date through a notification or circular. Taxpayers should verify the latest notification before filing.
For taxpayers required to undergo a tax audit, the audit report is generally due one month before the applicable ITR due date.
For FY 2025–26, the tax audit continues under Section 44AB of the Income Tax Act, 1961. The applicable reports remain:
The corresponding tax-audit provision under the Income Tax Act, 2025, is Section 63, but it applies to the new Act framework.
For AY 2026–27 and earlier years, delayed filing is governed by Section 234F of the Income-tax Act, 1961.
|
Total income |
Maximum late filing fee |
|
Total income up to ₹5 lakh |
₹1,000 |
|
Total income above ₹5 lakh |
₹5,000 |
Under the Income-tax Act, 2025, the corresponding late filing fee is provided under Section 428. The amounts remain ₹1,000 and ₹5,000, depending on total income.
Delay may also result in:
Income tax return filing may be mandatory based on the taxpayer’s income, legal status, transactions or other prescribed conditions.
ITR filing is generally required for:
Companies and firms are generally required to file a return even when they report no income or a loss, subject to the applicable law.
Filing ITR helps declare your exact taxable income to the government. It ensures your earnings are accurately reported and taxes are paid as per law.
A regularly filed ITR builds financial credibility. It acts as proof of income and is often required for loans, credit cards, and visa approvals.
Filing on time allows you to carry forward certain losses. These can be adjusted against future profits, reducing your tax burden later.
A consistent ITR filing record shows financial discipline. It strengthens your profile when dealing with banks, lenders, and authorities.
If you have paid more tax than required, ITR filing enables you to claim a refund. Without filing, refunds cannot be processed by the department.
Timely and accurate ITR filing minimizes errors and mismatches. This helps you avoid unwanted notices or scrutiny from the Income Tax Department.
Every Private Limited Company must file its Income Tax Return annually, even if it has no income or has incurred a loss. The applicable form is generally ITR-6. Companies covered by specified exemption provisions must file ITR-7. Filing the income tax return is separate from the company’s annual ROC filing requirements.
An OPC is treated as a company for income tax purposes and must file its Income Tax Return every year, regardless of its income, business activity, profit or loss. An OPC generally files ITR-6. If it is covered by specified exemption provisions, ITR-7 may apply. ROC annual filing must also be completed separately.
Every LLP must file its Income Tax Return annually, even if it has no income or has incurred a loss. The applicable form is ITR-5. The general due date is 31 July for non-audit cases and 31 October where an audit applies. Transfer-pricing cases generally have a 30 November due date.
5 Easy Steps
Submit Documents
Verification of Documents
Selection of Appropriate Form
Preparation of Your Return
ITR Filed & Ack. Generated
The ITR for income earned during FY 2025–26 is filed for Assessment Year 2026–27 under the Income Tax Act, 1961. It is not filed under Section 263 of the Income-tax Act, 2025.
Section 263 applies to returns under the new Act framework beginning with Tax Year 2026–27. The return for that tax year will become due after the tax year ends.
No new ITR form numbers should be assumed unless formally notified. For AY 2026–27, taxpayers continue to use ITR-1 to ITR-7 under the Income-tax Act, 1961.
The general due date for an individual not requiring an audit is 31 July 2026. The general dates for audit and transfer-pricing cases are 31 October 2026 and 30 November 2026, respectively, unless extended.
An eligible resident individual may use ITR-1 for qualifying long-term capital gains under Section 112A up to ₹1.25 lakh, subject to all other conditions. ITR-1 cannot be used for short-term capital gains or ineligible capital gains income.
Yes. A company is generally required to file its income tax return even when it has no turnover, income or business activity during the year.
Yes. An LLP generally files ITR-5 even when it has incurred a loss. Filing within the prescribed time may also be necessary to carry forward eligible losses.
Yes. Salary slips, Form 26AS, AIS, bank statements and other income records can be used to prepare the return. All income should be reported even if it does not appear in Form 16.
The transaction should be checked against bank, investment and tax records. Appropriate feedback may be submitted in AIS, but the ITR should be prepared using the correct taxable amount supported by records.
A return may be revised within the permitted time if the applicable conditions are met. Any additional tax caused by the correction must be paid before or while completing the revised filing process.
No. An updated return cannot be used to reduce tax liability or claim or increase a refund. It is mainly intended for reporting additional income or correcting specified omissions with additional tax.
Yes. Filing alone does not complete the process. The return must be verified through an eligible electronic mode, DSC, or ITR-V process within the prescribed time.
A DSC is generally mandatory for companies and specified taxpayers, including certain audit cases. Other taxpayers may use Aadhaar OTP, net banking or another permitted verification method.
Yes. Ebizfiling can assist with ITR preparation involving eligible transactions in shares, mutual funds, securities, or property, subject to the documents and computation details provided.
Yes. Ebizfiling provides ITR filing assistance for companies, OPCs, LLPs, partnership firms and other eligible entities, including support with document review, tax computation and return preparation.
with expert assistance starting at just INR 1,199/- only.
Trusted by over 5000+ clients worldwide for hassle-free online tax filing and expert support
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