Direct Tax · Income Tax Services · New Delhi
Income Tax Return Filing & Direct Tax Services in Delhi
Complete income tax compliance for individuals, salaried professionals, HUFs, partnership firms, LLPs and companies across Delhi NCR — from ITR filing and tax planning to TDS compliance, income tax notice reply and representation before CIT(A) and ITAT. Handled by qualified Chartered Accountants with deep expertise in direct tax law.
What We Do
Our Direct Tax Services
From basic ITR filing to complex tax litigation, we handle every aspect of your direct tax compliance so you can focus on what you do best.
ITR Filing — All Forms
Filing of ITR-1 (Sahaj) to ITR-7 for individuals, HUFs, firms, LLPs, companies and trusts. Salaried, business income, capital gains, house property, foreign income — we handle all income types accurately and on time.
Tax Planning & Advisory
Proactive tax planning under both old and new tax regimes. Advice on Section 80C, 80D, HRA, LTA, capital gains exemptions (54, 54F, 54EC), investment structuring for HNI clients, and year-end optimisation before March 31.
TDS / TCS Compliance
Monthly TDS computation and payment, quarterly TDS return filing (Form 24Q, 26Q, 27Q, 27EQ), TDS certificates (Form 16, 16A), TDS reconciliation, correction statements and TRACES portal compliance.
Income Tax Notice Reply
Expert drafting of replies to notices under Sections 139(9), 143(1), 143(2), 143(3), 147, 148, 148A, 156 and 271. Submission through the Income Tax compliance portal with supporting documentation and legal citations.
Income Tax Appeals — CIT(A) & ITAT
Filing and representation in appeals before Commissioner of Income Tax (Appeals) and Income Tax Appellate Tribunal (ITAT). Drafting grounds of appeal, paper books, and attending personal hearings.
NRI Tax Compliance
Income tax filing for NRIs from USA, UK, Canada, UAE, Australia, Singapore and other countries. DTAA benefit planning, Form 10F, Tax Residency Certificate, repatriation compliance, and FEMA reporting.
Which Form Applies to You
ITR Forms at a Glance
Selecting the correct ITR form is essential — filing the wrong form results in a defective return notice. Here is a quick reference for FY 2025-26 (AY 2026-27).
| ITR Form | Who Should File | Key Income Types |
|---|---|---|
| ITR-1 (Sahaj) | Resident individuals with total income up to Rs. 50 lakh | Salary, one house property, other sources, agriculture up to Rs. 5,000 |
| ITR-2 | Individuals and HUFs not having business/professional income | Capital gains, two or more house properties, foreign income, director in company |
| ITR-3 | Individuals and HUFs with business or professional income | Business income (regular books), professional income, capital gains |
| ITR-4 (Sugam) | Individuals, HUFs, firms (not LLP) under presumptive scheme | Presumptive income under Sections 44AD, 44ADA, 44AE |
| ITR-5 | Partnership firms, LLPs, AOPs, BOIs, co-operative societies | All income heads applicable to the entity |
| ITR-6 | Companies (other than those claiming exemption under Section 11) | All income heads for companies |
| ITR-7 | Trusts, political parties, institutions, research associations | Income exempt under Sections 139(4A) to 139(4F) |
💡 Filing Deadline — FY 2025-26
Due date for ITR filing (non-audit cases) is 31 July 2026. For tax audit cases the due date is 31 October 2026. Belated returns can be filed up to 31 December 2026, but attract a late fee of Rs. 5,000 (Rs. 1,000 if total income is below Rs. 5 lakh).
Regime Comparison
Old vs New Tax Regime
For FY 2025-26 the new tax regime is the default. Individuals and HUFs can opt for the old regime before the ITR filing due date. Here is how they compare.
New Tax Regime (Default)
Lower Slab Rates, Fewer Deductions
- Zero tax on income up to Rs. 12 lakh (after rebate under Section 156 of IT Act 2025 (erstwhile Section 87A))
- Salaried: effective zero tax up to Rs. 12.75 lakh (Rs. 75,000 standard deduction)
- Slabs: 0% up to 4L, 5% 4–8L, 10% 8–12L, 15% 12–16L, 20% 16–20L, 25% 20–24L, 30% above 24L
- Standard deduction of Rs. 75,000 for salaried employees
- NPS employer contribution deduction available (Section 80CCD(2))
- Most Chapter VI-A deductions NOT available (80C, 80D, 80G, HRA, LTA etc.)
- Set-off of losses from house property not available
Old Tax Regime (Optional)
Higher Slabs, Maximum Deductions
- Basic exemption: Rs. 2.5 lakh (Rs. 3L for senior, Rs. 5L for super-senior citizens)
- Slabs: 0% up to 2.5L, 5% 2.5–5L, 20% 5–10L, 30% above 10L
- All Chapter VI-A deductions available: 80C (Rs. 1.5L), 80D, 80G, 80E, 80TTA etc.
- HRA exemption under Section 10(13A)
- LTA, children education allowance, other exemptions
- Set-off of loss from house property up to Rs. 2 lakh against other income
- Beneficial if total deductions exceed Rs. 3.75 lakh (approx break-even)
✓ Our Recommendation
The best regime depends on your actual deductions, income structure, and investments. We run a computation for both regimes before recommending — do not simply assume the new regime is always better. Call us before filing.
Know Your Notice
Common Income Tax Notices Explained
Each notice has a specific purpose and response deadline. Ignoring a notice can lead to ex-parte assessment and hefty demands. Here are the most common notices we help clients respond to.
Section 139(9)
Defective Return Notice
Issued when the filed ITR has a technical defect — such as incomplete schedules, incorrect ITR form, or mismatch between schedules. Must be rectified within 15 days of receiving the notice (or extended time as specified). Non-response results in the return being treated as not filed.
Section 143(1)
Intimation / Prima Facie Adjustment
Automated intimation from CPC Bengaluru after processing the return. May show a demand (additional tax payable) or refund. Mismatches between ITR and Form 26AS / AIS trigger tax additions. Must be reviewed carefully and rectified under Section 154 if incorrect.
Section 143(2)
Scrutiny Notice
Issued when the return is selected for detailed scrutiny. The assessing officer will call for specific documents, books of accounts, or explanations on identified issues. Must be responded to within the specified time. Non-response leads to ex-parte assessment under Section 144.
Section 148 / 148A
Notice for Reassessment
Issued when the assessing officer has ‘information’ suggesting income has escaped assessment. Section 148A requires a show-cause notice and hearing before 148 notice is issued. Time limits: 3 years (income escaped < Rs. 50L), 5 years (income ≥ Rs. 50L with evidence).
Section 156
Notice of Demand
Issued after an assessment order is passed and tax is found payable. The demand must be paid within 30 days, failing which interest under Section 220(2) applies at 1% per month. If you disagree with the demand, file an appeal before CIT(A) within 30 days and apply for stay of demand.
Why Shahi & Co.
Our Direct Tax Expertise
Decades of Tax Experience
Our team has handled income tax compliance, tax planning and litigation for clients ranging from first-time salaried filers to high net-worth individuals with complex asset portfolios. We know the Income Tax Act inside-out.
Proactive Tax Planning
We do not just file returns — we plan. Every client gets a tax computation under both regimes, along with specific investment and restructuring advice to legally minimise their tax liability each year.
Notice & Litigation Support
We have successfully represented clients before Assessing Officers, CIT(A) and ITAT on issues ranging from bogus purchases and cash deposits to capital gains and international transactions. Our track record in tax disputes is strong.
HNI & NRI Specialisation
High Net-Worth Individuals and NRI clients have unique tax requirements — foreign assets, DTAA benefits, capital gains on property and securities, ESOPs, and offshore income. We bring the depth of knowledge that complex situations demand.
How It Works
Our ITR Filing Process
01
Document Review
We review your Form 16, AIS, Form 26AS, bank statements, capital gains statements, and any existing notices.
02
Regime Analysis
We compute tax liability under both old and new regimes and advise on the optimal choice for the current year.
03
Return Preparation
We prepare the ITR in the correct form, reconcile all income heads, verify TDS credits, and check for deduction optimisation.
04
Client Review
We share the draft computation for your review before filing. Any corrections or additions are incorporated.
05
Filing & Verification
We file the return on the Income Tax portal and ensure e-verification within 30 days. ITR-V is shared with you.
Common Questions
Frequently Asked Questions
Any individual with gross total income exceeding the basic exemption limit must file an ITR — Rs. 3 lakh under the new regime and Rs. 2.5 lakh under the old regime. Filing is also mandatory if you: (a) have deposited more than Rs. 1 crore in current accounts, (b) have foreign assets or foreign income, (c) have carried-forward losses, (d) are a director in a company, (e) have turnover above prescribed limits for business/profession, or (f) want to claim a refund of TDS.
The new regime (default from FY 2023-24) offers lower slab rates but does not allow most deductions — no 80C, 80D, HRA, LTA, home loan interest on self-occupied property etc. The old regime has higher rates but allows all Chapter VI-A deductions. For FY 2025-26, income up to Rs. 12 lakh (Rs. 12.75 lakh for salaried) is effectively tax-free under the new regime after the Section 156 rebate [IT Act 2025] (erstwhile Section 87A). Individuals and HUFs can opt for the old regime by exercising the option before the return filing due date.
Do not ignore any income tax notice. First, log in to the Income Tax e-filing portal (incometax.gov.in) and check the notice under ‘Pending Actions → e-Proceedings’. Identify the section under which the notice is issued and note the response deadline. Never let the deadline pass without responding — non-response leads to ex-parte assessment with penalties. Contact us immediately after receiving a notice so we can prepare a comprehensive reply with supporting documents.
Annual Information Statement (AIS) is a comprehensive statement introduced by the Income Tax Department that shows details of all transactions reported by various entities — salary, interest, dividends, mutual fund transactions, securities transactions, real estate transactions, foreign remittances, and more. Form 26AS shows only tax deducted at source (TDS/TCS) and self-assessment tax paid. AIS is much broader. It is critical to review AIS before filing your ITR to ensure all income is reported and the return matches the department’s data.
Section 156 of IT Act 2025 (erstwhile Section 87A) provides a rebate of up to Rs. 60,000 against the income tax liability for resident individuals whose total income does not exceed Rs. 12 lakh under the new regime (Rs. 5 lakh under the old regime). For FY 2025-26, a resident individual with income up to Rs. 12 lakh under the new regime pays zero income tax after the rebate. Important: special rate incomes like short-term capital gains under Section 111A and long-term capital gains under Section 112A are excluded from the rebate benefit.
Yes. A belated return for FY 2025-26 can be filed up to 31 December 2026, attracting a late fee of Rs. 5,000 (Rs. 1,000 if total income is below Rs. 5 lakh). A revised return can be filed up to 31 December 2026 if you discover any omission or wrong statement in the original return. Note that losses (other than house property loss) cannot be carried forward if the original return was filed late. File within the due date wherever possible.
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