Tax consultant services that not only promise you accuracy, reliability, credibility and trustworthiness, but also excellent customer support.
.jpg)
New Income Tax Rules: Updates in ITR Filing for AY 2025-26 (Old Regime Return Filers)
The Income Tax Department has introduced several important updates for Assessment Year (AY) 202526, particularly for taxpayers filing under the old tax regime. These changes are aimed at improving compliance, ensuring greater transparency, and simplifying the return filing process. If you are unsure how these updates affect your situation, consulting experienced income tax filing consultants can help you file your return accurately and on time.
What’s New for AY 2025–26 (Old Regime Filers)?
Revised ITR Forms
Forms like ITR-1 and ITR-2 have been revised to improve clarity and data capture. Salaried individuals, pensioners, and small business owners must choose the correct form based on their income type and sources.
Mandatory Disclosure Requirements
Taxpayers must now disclose more information, including details of foreign assets, exempt income, and capital gains. Tax returns with mismatched data from Form 26AS or AIS may not be processed smoothly and can invite compliance issues.
New Declaration Rule – Form 10 IEA
If you want to continue under the old regime, submitting Form 10IEA before filing your return is mandatory. Otherwise, the system may default you to the new regime.
Penalty for Late Filing
Missing the due date can attract a penalty of up to ₹5,000 and interest on outstanding tax. Non-audit returns must be filed by 31st July 2025, whereas audit cases have a deadline of 31st October 2025.
Benefits of Filing Income Tax Return
Claim refunds on TDS deducted
Helps with loan and visa applications
Avoid tax notices and penalties
Build financial credibility
Maintain clean tax records
Filing your income tax return on time is important for everyone salaried, freelancers, and self-employed individuals. Searching for ITR filing services near me?
FAQ’s
1. Old vs New Regime – Which is better for salaried individuals?
If you claim deductions like 80C, HRA, or home loan interest, the old regime could offer better benefits.
2. What documents are needed for ITR filing?
PAN, Aadhaar, Form 16, investment proofs, TDS certificates, bank statements, and rent receipts (if HRA claimed).
3. Can I revise my return after filing?
Yes, you can revise it before the end of the assessment year or before it is processed.
New ITR rules demand more accuracy! For expert guidance, trust Sri Balaji Tax Services your reliable ITR filing consultants in Hyderabad.
⇨ Complete Guide to GSTR 3B Due Date 2026 for Monthly and Quarterly Returns
⇨ Complete Process of Shop Establishment Registration in Hyderabad for New Businesses
⇨ The Ultimate Guide to FSSAI Registration for Food Businesses
⇨ Corporate Tax in India: Rates, Rules & Benefits
⇨ Excel Utility ITR-6 AY 2025-26 – Complete Filing Guide
⇨ Udyam Registration and MSME Consultancy Services in Hyderabad
⇨ Common Reasons for Rejection in Society Registration & How to Avoid Them
⇨ What is Shop Establishment Registration?
⇨ Top Benefits of Trademark and Logo Registration in Hyderabad
⇨ Complete Guide to Pvt Ltd Company Registration in Hyderabad
.png)
For businesses registered under GST in India, filing returns on time is essential to maintain compliance and avoid penalties. One of the most important GST returns is GSTR-3B, which is a summary return that taxpayers must file either monthly or quarterly depending on their eligibility.
.png)
Starting a new business in Hyderabad is exciting but before opening your doors to customers, completing your Shop Establishment Registration is one of the most important legal steps. Whether you are opening a retail store, office, restaurant, or service-based business, compliance with the Telangana Shops and Establishments Act is mandatory. This guide explains everything new entrepreneurs need to know about shop and establishment registration, the process, documents required, and why it matters.
.png)
Introduction – What is FSSAI Registration? Food safety is not just a legal requirement in India — it is a responsibility toward consumers. FSSAI Registration is the official approval issued by the Food Safety and Standards Authority of India (FSSAI) to food business operators (FBOs). It ensures that food products are safe, hygienic, and meet government quality standards. For businesses operating in Telangana’s food sector, especially those seeking food license registration in Hyderabad, this approval is essential for legal and smooth operations.
.png)
Corporate tax is one of the most important financial responsibilities for companies operating in India. Whether you're a startup, SME, or large enterprise, understanding corporate taxation helps you stay compliant, avoid penalties, and plan finances efficiently. Businesses that complete trade license registration and obtain a company trade licence should also ensure proper tax compliance from the beginning.
Learn how companies can file ITR-6 for AY 2025-26 with this clear, step-by-step Excel Utility filing guide.
.jpg)
Register your Udyam (MSME) in Hyderabad quickly with our expert consultancy services. We make Udyam Aadhaar registration, MSME certification, and business compliance simple and hassle-free.
Sri Balaji Tax Services - Copyright . All rights reserved. Design & Developed by KBK Business Solutions
Leave a reply