ITR Filing – AAA Global LLP

5.0 - 28 Google Reviews

ITR Filing in India — All Types

Income tax return filing for individuals, HUF, businesses, companies, LLPs, NRIs, and trusts — new vs old regime analysis included.

Filing the wrong ITR form, missing eligible deductions, or choosing the incorrect tax regime are among the most common — and costly — mistakes in income tax filing. The Income Tax Department’s AIS (Annual Information Statement) now captures virtually every financial transaction, making accurate filing more critical than ever. AAA Global LLP files income tax returns for all categories of taxpayers — with a thorough review of your AIS, full deduction analysis, and a comparison of old vs new tax regime to ensure you always pay the minimum legally required tax.

ITR Forms We File

ITR-1 (Sahaj) ITR-1 (Sahaj) Salaried individuals with income up to Rs. 50 lakh — salary, one house property, other sources (no capital gains)
ITR-2 Individuals and HUF with capital gains, more than one property, or foreign income — no business income
ITR-3Individuals and HUF with business or professional income (non-presumptive)
ITR-4 (Sugam) Presumptive taxation — Section 44AD (business), 44ADA (profession), 44AE (transport)
ITR-5 (Sugam) Partnership firms, LLPs, AOPs, BOIs — not applicable to individuals or companies
ITR-6(Sugam) Companies registered under the Companies Act (other than Section 11 exempt entities)
ITR-7(Sugam) Trusts, NGOs, political parties, research institutions — Section 11/12/13A returns

New Tax Regime vs Old Tax Regime

The new tax regime is the default from FY 2023-24. But it is not always the better choice — the right answer depends entirely on your income level and deductions.

New regime (default)Lower slab rates. Standard deduction of Rs. 75,000 for salaried. Most deductions (80C, 80D, HRA, LTA, home loan interest) not available.
Old regime Higher slab rates but full deductions available. Better if total eligible deductions exceed Rs. 3.75–4.5 lakh depending on income.
Who benefits from old regime? Taxpayers with home loan interest (Rs. 2L) + 80C (Rs. 1.5L) + NPS (Rs. 50K) + health insurance (Rs. 25K+). Total deductions > Rs. 4.25L typically favor old regime.
Who benefits from new regime? Early career, low investment, no home loan — the lower slab rates save more than the lost deductions.

Capital Gains — What We Handle

Listed shares & equity MFs MFs LTCG above Rs. 1.25L taxed at 12.5%. STCG at 20%. Grandfathering for pre-Jan 2018 holdings. We compute from your broker's Statement of Account.
Residential property LTCG: 12.5% without indexation (post-July 2024). Section 54 exemption on reinvestment. We compute indexed cost and full gains correctly
Unlisted shares & ESOPs LTCG: 12.5% without indexation. STCG: slab rate. Complex perquisite valuation for ESOPs at exercise.
Debt MFs (post-April 2023) ) All gains taxed at slab rate — no LTCG benefit. We ensure correct reporting.

Our ITR Filing Process

01Document collection

Form 16, salary slips, bank statements, investment proofs, broker statements, AIS review

02Regime analysis

Tax computation under both old and new regime with your actual numbers

03Capital gains computation

Full broker statement analysis, property cost indexation, exemption planning

04Deduction review

All eligible deductions under Chapter VIA captured and optimized

05ITR preparation and sharing

You review the draft before we file

06e-Filing

Submitted on Income Tax portal with immediate ITR-V acknowledgement

07Post-filing

Refund tracking, AIS verification, subsequent notice monitoring

Important Due Dates

July 31 Individuals, HUF, non-audit cases — penalty Rs. 1,000 to Rs. 5,000 for late filing
October 31 Tax audit cases (Section 44AB) — businesses above Rs. 1 crore turnover
December 31 Last date for revised return (Section 139(5))
March 31 Updated return (ITR-U) — up to 2 years after the relevant AY

Frequently Asked Questions

01 What is AIS and why does it matter for ITR filing?

The Annual Information Statement (AIS) captures all your financial transactions — salary, interest, dividends, mutual fund transactions, property registrations, GST turnover, and more. The Income Tax Department cross-references your ITR with AIS automatically — mismatches trigger scrutiny. We review your AIS before filing to ensure consistency.

02 Can I file ITR even if I have no tax liability?

Yes — and you should. Even if your income is below the taxable limit, filing ITR establishes an income record for visa applications, loan processing, and government tenders. TDS refunds can also only be claimed by filing an ITR.

03What is ITR-U (Updated Return) and when can I file it?

ITR-U allows you to correct omissions or mistakes in a previously filed return — even after the revised return deadline. It can be filed up to 2 years from the end of the relevant assessment year. Additional tax of 25–50% of the incremental tax applies.