ITR Filing for FY 2025-26: Everything You Need to Know |

Devansh Sharma and Company, Best CA Firm in Noida

Looking for expert ITR filing assistance in Noida, Uttar Pradesh? Devansh Sharma and Company, Chartered Accountants — located at H-213, Noida, Uttar Pradesh — is your trusted partner for hassle-free, accurate, and timely Income Tax Return filing for FY 2025-26 (AY 2026-27).

What is ITR Filing for FY 2025-26?

Income Tax Return (ITR) filing for Financial Year 2025-26 (Assessment Year 2026-27) is the annual process by which individuals, businesses, HUFs, LLPs, and companies declare their income earned between 1st April 2025 and 31st March 2026 to the Income Tax Department of India.

Filing your ITR on time is not only a legal obligation but also a financially smart decision — it enables you to claim refunds, carry forward losses, build financial credibility, and avoid heavy penalties.

Why ITR Filing for FY 2025-26 Matters More Than Ever

The Income Tax Department has significantly upgraded its digital infrastructure. The Annual Information Statement (AIS) and Taxpayer Information Summary (TIS) now track almost every financial transaction — from bank interest and dividends to mutual fund redemptions and property sales. Any mismatch between your ITR and AIS can trigger scrutiny notices.

This makes professional ITR filing more critical than ever — and that's exactly where Devansh Sharma and Company steps in.

Key ITR Filing Deadlines for FY 2025-26 (AY 2026-27)

Which ITR Form Should You File?

Choosing the correct ITR form is crucial. Filing the wrong form can lead to a defective return notice. Here's a quick guide:

ITR-1 (Sahaj): Salaried individuals with income up to ₹50 lakh from salary, one house property, and other sources.

ITR-2: Individuals and HUFs with capital gains, foreign income, or more than one house property.

ITR-3: Individuals/HUFs with income from business or profession.

ITR-4 (Sugam): Presumptive income filers under Sections 44AD, 44ADA, and 44AE.

ITR-5: Partnership firms, LLPs, AOPs, BOIs.

ITR-6: Companies (other than those claiming exemption under Section 11).

ITR-7: Trusts, political parties, and entities filing under Sections 139(4A) to 139(4F).

Not sure which form applies to you? Our experts at Devansh Sharma and Company will assess your income profile and select the right form for you.

What's New in ITR Filing for FY 2025-26?

1. New Tax Regime as Default

The New Tax Regime (introduced under Section 115BAC) continues as the default regime for FY 2025-26. Taxpayers who wish to opt for the Old Tax Regime must explicitly select it while filing.

2. Revised Tax Slabs Under New Regime

Under the New Regime for FY 2025-26:

Income Slab

Tax Rate

Up to ₹3,00,000-Nil

₹3,00,001 – ₹7,00,000

₹7,00,001 – ₹10,00,000

10%

₹10,00,001 – ₹12,00,000

15%

₹12,00,001 – ₹15,00,000

20%

Above ₹15,00,000

30%

Rebate under Section 87A available for income up to ₹7 lakh under the New Regime.

3. Enhanced Standard Deduction

The standard deduction has been enhanced to ₹75,000 (up from ₹50,000) under the New Tax Regime, providing additional relief for salaried employees and pensioners.

4. Capital Gains Taxation Changes

Important changes to capital gains tax rules — including revised holding periods and rates for equity and debt instruments — make it essential to get professional help for accurate computation.

5. TDS on New Income Categories

TDS applicability has been extended to several new income categories. Our team stays updated with every amendment to ensure full compliance.

Documents Required for ITR Filing FY 2025-26

Getting your documents in order before filing saves time and ensures accuracy:

For Salaried Individuals:

Form 16 (Part A & Part B) from employer
Salary slips for all months
Form 26AS and AIS from Income Tax portal
Bank account statements
Investment proofs for deductions (80C, 80D, 80G, etc.)
Home loan interest certificate (if applicable)
Rent receipts for HRA claims

For Business Owners & Professionals:

Audited financial statements (Balance Sheet, P&L)
GST returns (GSTR-1, GSTR-3B)
TDS certificates (Form 16A)
Bank statements for all business accounts
Asset purchase and depreciation records

For Investors:

Capital gains statement from broker (equity, mutual funds)
Property sale deed and purchase deed
Dividend income statements

Common Mistakes to Avoid While Filing ITR

Many taxpayers make costly errors that lead to notices, penalties, and delayed refunds. Avoid these common pitfalls:

Mismatch with Form 26AS/AIS: Always reconcile your declared income with AIS data before filing.

Wrong ITR Form: Filing ITR-1 when ITR-2 is applicable is a defective return.

Missing Interest Income: Savings account interest, FD interest, and post office interest must all be declared.

Ignoring Foreign Assets: If you hold any foreign bank account, shares, or property, they must be disclosed.

Incorrect Bank Details: Wrong IFSC or account number leads to failed refunds.

Not Verifying the Return: An unverified ITR is treated as not filed. Always e-verify within 30 days of filing.

At Devansh Sharma and Company, our meticulous review process eliminates these errors before your return is submitted.

Why Choose Devansh Sharma and Company for ITR Filing in Noida?

✅ Top-Rated CA Firm in Noida, Uttar Pradesh

Located at H-213, Noida, Uttar Pradesh, Devansh Sharma and Company is recognized as one of the best Chartered Accountant firms in Noida for income tax, GST, audit, and financial advisory services.

✅ Expert Chartered Accountants

Our team of qualified CAs brings deep expertise in Indian tax law, staying current with every Budget update, CBDT circular, and court ruling that impacts your tax liability.

✅ End-to-End ITR Filing Service

From gathering documents and reconciling AIS to selecting the right form, computing accurate tax, and e-verifying your return — we handle everything so you don't have to.

✅ Personalized Tax Planning

Beyond just filing, we offer strategic advice on tax-saving investments, optimal regime selection (Old vs. New), loss harvesting, and deduction maximization — helping you legally minimize your tax outgo.

✅ GST, Audit & Business Compliance

We are a full-service CA firm offering GST registration and filing, statutory and internal audits, company incorporation, ROC filings, and business advisory — making us a one-stop compliance partner for businesses in Noida and NCR.

✅ Timely & Accurate Filing

We maintain strict timelines to ensure your ITR is always filed well before the due date. No last-minute errors, no missed deadlines.

✅ Affordable & Transparent Pricing

Professional CA services at fair and transparent fees — no hidden charges. We serve individuals, freelancers, startups, SMEs, and large enterprises.

Our ITR Filing Process — Simple, Fast & Reliable

Step 1 — Share Documents: Send us your income and investment documents via WhatsApp, email, or visit us at H-213, Noida.

Step 2 — Expert Review: Our CA team reviews your documents, reconciles AIS data, and identifies all eligible deductions.

Step 3 — Tax Computation: We compute your tax liability accurately, comparing Old vs. New regime to determine the best option.

Step 4 — ITR Preparation & Review: Your ITR is prepared and shared with you for review and approval.

Step 5 — Filing & Verification: We file your ITR on the official Income Tax portal and assist with e-verification.

Step 6 — Refund Tracking: We track your refund status and keep you informed at every step.

Who We Serve

Individuals & Salaried Employees — Optimize your salary structure and claim maximum deductions.

Business Owners & Self-Employed Professionals — Accurate books, timely audit, and compliant ITR filing.

Freelancers & Consultants — Presumptive taxation and proper TDS management.

NRIs — Specialized NRI tax return filing, DTAA benefits, and repatriation guidance.

Companies & LLPs — Corporate tax returns, MAT computation, and advance tax management.

Startups — Tax exemptions under Section 80-IAC, ESOP taxation, and investor compliance.

Frequently Asked Questions (FAQs)

Q1. What is the last date to file ITR for FY 2025-26 for salaried individuals? The due date is 31st July 2026 for individuals and HUFs not subject to audit.

Q2. Is it mandatory to file ITR if my income is below the taxable limit? While not always mandatory, filing ITR is strongly recommended to claim refunds, apply for loans, process visa applications, and carry forward losses.

Q3. What happens if I miss the ITR filing deadline? You can file a belated return by 31st December 2026, but you will be liable to pay a late filing fee of ₹1,000 to ₹5,000 under Section 234F, plus interest on unpaid taxes.

Q4. Old Tax Regime vs. New Tax Regime — which is better for FY 2025-26? It depends on your income level and investments. Generally, those with significant deductions (80C, HRA, home loan, etc.) may benefit from the Old Regime. Our CAs at Devansh Sharma and Company will run a detailed comparison for your specific profile.

Q5. Can I revise my ITR after filing? Yes. A revised return can be filed before 31st December 2026 if you discover any errors or omissions.

Q6. How do I get started with Devansh Sharma and Company? Simply visit us at H-213, Noida, Uttar Pradesh, or reach out via phone or email. Our team will guide you from start to finish.

Visit Us Today

Devansh Sharma and Company Chartered Accountants H-213, Noida, Uttar Pradesh

Don't wait for the last minute. ITR filing season for FY 2025-26 is underway. Let Noida's most trusted CA firm handle your taxes with precision, care, and complete confidentiality.

📞 Call us today | 📧 Email us | 🏢 Walk in at H-213, Noida, UP

Devansh Sharma and Company — Your Trusted Chartered Accountants in Noida for ITR Filing, GST, Audit, and Business Advisory Services.

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At Devansh Sharma & Co., we offer specialized Income Tax Return Filing Services designed to simplify the tax filing process for individuals and businesses alike. With the ever-evolving tax laws and regulations, filing your income tax returns can be a complex and time-consuming task. Our expert team of tax professionals is committed to providing accurate and efficient ITR filing services, ensuring that you remain compliant while maximizing your potential tax refunds.

What is Income Tax Return Filing?

Income tax return filing is the process of reporting your annual income and calculating your tax liabilities to the government. It involves submitting the required forms, documentation, and payment to ensure compliance with tax regulations. Proper filing not only helps you avoid penalties but also enables you to claim eligible deductions and credits that can reduce your tax burden.

Why is Income Tax Return Filing Important?

Legal Compliance: Filing your income tax return is a legal requirement. Non-compliance can lead to penalties, fines, and legal issues.
Maximize Deductions: A thorough understanding of tax laws allows you to claim all eligible deductions and credits, potentially reducing your taxable income and increasing your refund.
Financial Clarity: Filing your return provides a clear picture of your financial situation, helping you plan for future expenses and investments.
Avoid Penalties: Timely and accurate filing helps you avoid late fees and penalties, ensuring you maintain a good standing with tax authorities.

Key Features of Our Income Tax Return Filing Service:

Personalized Consultation: Our team provides one-on-one consultations to understand your financial situation and tailor our services to your needs.
Document Preparation: We assist in gathering and preparing all necessary documentation required for filing your income tax return.
Accurate Filing: Our experienced professionals ensure that your tax returns are filed accurately and on time, reducing the risk of errors and audits.
Maximized Refunds: We identify eligible deductions and credits to maximize your tax refund while ensuring compliance with tax regulations.
Ongoing Support: Our relationship doesn’t end with filing. We provide ongoing support and advice for any tax-related queries throughout the year.

Our Income Tax Return Filing Process:

Initial Consultation: We begin with an in-depth consultation to discuss your financial situation, income sources, and tax requirements.
Document Collection: Our team helps you gather all necessary documents, including income statements, expense receipts, and previous tax returns.
Preparation and Review: We meticulously prepare your income tax return, ensuring that all information is accurate and compliant with current tax laws.
Filing the Return: We file your return with the relevant tax authorities, ensuring that it is submitted before the deadline.
Post-Filing Support: After filing, we provide ongoing support, addressing any queries you may have regarding your return or potential audits.

Benefits of Choosing Our Income Tax Return Filing Service:

Expertise You Can Trust: Our team is well-versed in the latest tax laws and regulations, providing you with reliable advice and support.
Time-Saving: We handle the complexities of tax filing, allowing you to focus on your personal or business activities without stress.
Accurate Filings: Our attention to detail ensures that your returns are filed correctly, minimizing the risk of errors and audits.
Maximized Tax Savings: We identify all eligible deductions and credits, helping you save money on your taxes and potentially increasing your refund.
Peace of Mind: With our expert guidance, you can rest assured that your income tax returns are in good hands, giving you peace of mind during tax season.

Why Choose Devansh Sharma & Co. for Income Tax Return Filing?

Proven Experience: Our firm has extensive experience in income tax return filing across various sectors, ensuring compliance and maximizing refunds.
Client-Centric Approach: We prioritize your unique needs, providing tailored solutions that deliver real value and support your financial goals.
Timely Execution: We understand the importance of timely filings, ensuring that your income tax returns are submitted on time and accurately.
Long-Term Partnership: We aim to build lasting relationships with our clients based on trust, integrity, and a commitment to excellence in service delivery.

Call us at +91-8882240500 to Get expert advice for Income Tax Return Filing with CA Devansh Sharma & Co. Book Your Consultation Appointment Now!