Overview
What is Income Tax Return Filing?
Income Tax Return Filing in Auto Nagar — in brief
Income Tax Return (ITR) filing is the annual declaration of income, deductions and tax liability to the Income Tax Department under the Income Tax Act, 1961. Different ITR forms apply to different taxpayers — ITR-1 for salaried employees, ITR-3 for business income, ITR-5 for firms, ITR-6 for companies. The due date is July 31 for individuals (non-audit) and October 31 for audit cases. Late filing attracts interest under Section 234A and penalties up to ₹5,000. For clients in Auto Nagar, Vijayawada, Lorven Tax handles every step online with CA review and status updates.
Reviewed by the Lorven Tax CA team · Last updated 31 Oct 2026
- Service category
- Taxation
- Typical timeline
- 3–5 business days after receiving all documents
- Government fee
- No government fee for ITR filing; professional fees apply
- Professional fee
- Fixed quote after a scoping call
- Process
- 100% online, CA-reviewed
- Coverage
- Auto Nagar (Auto Nagar, Vijayawada)
When this becomes important
- Before funding, a loan, a tender, an audit or major vendor onboarding
- When ownership, address, business activity or filing status changes
- After a notice, mismatch, portal query or department communication
What we verify before filing
- Legal name, PAN, address and authorised signatory consistency
- Thresholds, category rules, due dates and late-fee exposure
- Supporting documents, portal access and compliance history
- Income-tax jurisdiction
- Andhra Pradesh & Telangana region
Benefits
Why get Income Tax Return Filing?
Avoid penalties of ₹5,000 for late filing under Section 234F
Claim refund of excess TDS deducted by employer or banks
ITR is accepted as income proof for home loans, visas and business tenders
Carry forward losses from F&O, capital gains or business for set-off
New tax regime offers lower slab rates without deductions
Filing ITR keeps you compliant and avoids notices under Section 139(1)
Eligibility
Who can apply?
- 1Individuals with income above ₹2.5 lakh (₹3 lakh for 60+, ₹5 lakh for 80+)
- 2NRIs with income accruing in India
- 3Companies, LLPs, firms and AOP/BOI regardless of income
- 4Individuals holding foreign assets or signing authority over foreign accounts
- 5Anyone who wants to carry forward losses or claim refund
What's included in our service
- Eligibility check and structure advisory
- Document checklist and application preparation
- Government portal filing and professional follow-up
- Post-approval compliance guidance
Checklist
Documents required
Exact documents vary by case — your CA shares a precise checklist after the first review call.
Process
How income tax return filing works
- 1
Share your documents
Send KYC, business details and the required documents. We review eligibility and flag gaps before filing.
- 2
Preparation & CA review
Our team prepares the application, declarations and supporting records in the format the portal or authority requires.
- 3
Filing & follow-up
We file and track the ARN, SRN or acknowledgement, and respond to any objection, clarification or department query.
- 4
Certificate & compliance guide
You receive the certificate, acknowledgement or report, plus a checklist for renewals and recurring compliance.
Fees & timeline
Cost and time to expect
Confirmed in writing before work starts
No government fee for ITR filing; professional fees apply
Subject to portal processing
What you receive
Income Tax Return Filing completed with clean records, documented filings and a practical compliance calendar.
FAQs
Income Tax Return Filing: frequently asked questions
Income-tax jurisdiction: Andhra Pradesh & Telangana region. Lorven Tax handles these state-specific steps for clients in Auto Nagar, Vijayawada.
You get a fixed written quote for the professional fee before work starts; government fees are charged at actuals. Call or WhatsApp +91 94921 37975 for the exact fee for your case.
For individuals (non-audit cases), the due date is July 31, 2025. For businesses and professionals requiring statutory audit, it is October 31, 2025. For transfer pricing cases, it is November 30, 2025. Missing these dates attracts late filing fees and interest.
The correct form depends on your income source: ITR-1 (Sahaj) for salaried income up to ₹50 lakh; ITR-2 for capital gains and foreign income; ITR-3 for business/profession income; ITR-4 (Sugam) for presumptive income; ITR-5 for firms and LLPs; ITR-6 for companies; ITR-7 for trusts. We select and review the correct form for your profile.
The new tax regime (default from FY 2023-24) offers lower slab rates but does not allow most deductions (80C, HRA, home loan interest etc.). The old regime has higher slab rates but allows all deductions. We calculate your liability under both regimes and recommend the more beneficial option each year.
Yes. You can file a belated return up to December 31 of the assessment year. A late filing fee of ₹1,000 (income up to ₹5 lakh) or ₹5,000 applies. Interest under Section 234A also accrues on unpaid tax. After December 31, only an Updated Return (ITR-U) can be filed within 2 years, with a 25%–50% additional tax.
For salaried employees: Form 16, AIS/TIS from income tax portal, bank statements and investment proofs. For businesses: P&L, balance sheet, GST returns and bank statements. For capital gains: contract notes, purchase/sale deeds and ESOP exercise documents. We share a tailored checklist based on your income profile.
We handle all post-filing notices — 143(1) intimation, 139(9) defective return notices, 148 reassessment notices and scrutiny under 143(2). Most intimations are simple corrections. We respond within the notice period and ensure your assessment is closed cleanly.