Practice area

Income tax

Returns of income, advance tax and related compliance.

Income-tax work for individuals, HUFs, firms, LLPs, companies and other persons. Under the Income-tax Act, 2025 the ‘previous year’ and ‘assessment year’ are replaced by a single ‘tax year’.

Which Act? The Income-tax Act, 2025 applies from 1 April 2026 (tax year 2026-27 onwards). Returns, audits and proceedings for FY 2025-26 and earlier years continue under the Income-tax Act, 1961. What changes.

What the work covers

  • Returns of income: ITR forms for AY 2026-27 and earlier years; returns under section 263 of the Income-tax Act, 2025 from tax year 2026-27
  • Computation of income under each head, including capital gains
  • Comparison of the old and new tax regimes on the facts of the case
  • Advance-tax estimates before each instalment date
  • Reconciliation with the Annual Information Statement and the tax-credit statement (Form 168, formerly Form 26AS)
  • Revised, belated and updated returns, within the time allowed by law
  • Presumptive taxation for small businesses, professionals and goods carriers (sections 44AD, 44ADA and 44AE of the 1961 Act; section 58 of the 2025 Act)

Documents usually needed

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