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AY 2026–27 | Financial Year 2025-26

Beyond filing.
Towards complete compliance.

A consortium of Chartered Accountants, Tax Practitioners, and Business Consultants — delivering comprehensive Income Tax advisory for residents and NRIs.

Start your filing Learn about us
CA
TP
BC
NR
Residents & NRIs trust MyTaxZone for compliant, accurate filings
Your return, verified end-to-end
Multi-stage compliance process
  • Document collection & AIS/TIS cross-verification
  • Capital gains computation across all asset classes
  • NRI-specific DTAA & Schedule FA advisory
  • Client review before submission
  • Post-filing support & notice handling
Filing deadlines — AY 2026–27 Non-business: 31 Jul  ·  Business: 31 Aug
"Our objective extends beyond the mere filing of returns — it is the foundation of complete and accurate compliance."
MyTaxZone Advisory Principle
Chartered Accountants Tax Practitioners Business Consultants
About us

A consortium built for complete compliance

MyTaxZone brings together Chartered Accountants, Tax Practitioners, and Business Consultants — united by a single purpose: ensuring every client meets their tax obligations completely, accurately, and with full confidence.

We provide comprehensive advisory services relating to Income Tax and allied matters. Our services encompass detailed scrutiny, cross-verification of financial data, and strategic tax planning — not just data submission.

🔍
Detailed scrutiny
Every figure cross-checked against AIS and TIS records
📋
Full transparency
You review everything before it is filed
🌍
NRI specialists
DTAA, FEMA, and cross-border tax expertise
🛡️
PMLA compliant
Advisory under IT Act, PMLA & Prevention of Corruption Act
Why it matters

Tax filing is more complex than it appears

Online filing may look like a simple click-through on pre-filled data from the Income Tax Portal. But that surface simplicity is deceptive.

The rear-view mirror principle
"Objects in the mirror are closer than they appear."
What looks straightforward on the portal hides layers of verification, reconciliation, and statutory obligation underneath. Filing is not a clerical act — it is a legal declaration.
Paper or digital — same obligation
Whether you submit in person or online, you present structured data and receive an acknowledgement. The platform changed; the legal responsibility did not.
The real work is before submission
Verification, cross-checking, and reconciliation happen before you file — not after. That preparatory work is where accuracy is built or missed.
Self-Assessment explained

What Self-Assessment really means

Every return carries a signed declaration
That all data furnished is true, correct, and backed by documents. The Income Tax Act calls this Self-Assessment — and the responsibility rests entirely with you, the taxpayer. It is not a formality. It is a statutory obligation.
  • 1
    Evaluate all income
    Every stream — salary, capital gains, rental, business, dividends, foreign income — must be identified, classified, and computed correctly.
  • 2
    Calculate tax liability
    Apply correct rates, slabs, deductions, and exemptions. Account for advance tax paid, TDS deducted, and carry-forward losses.
  • 3
    Confirm accuracy before signing
    The signed declaration is a legal assertion of truth. Errors, even unintentional ones, attract interest and penalties.
How MyTaxZone helps

We carry that obligation seriously on your behalf

Income Tax Act Prevention of Money Laundering Act Prevention of Corruption Act

We prepare, review, and re-review your return as required under all applicable laws. Our service is advisory in nature — comprehensive guidance on income computation, compliance gaps, and risk mitigation — not merely data entry.

ⓘ
Advisory, not just filing
Income computation, compliance gaps, and risk mitigation
Guidance on every income head — salary, capital gains, business, NRI, and beyond.
✓
Thorough verification
AIS/TIS cross-check, every discrepancy flagged
Your documents reconciled against what the Income Tax Department already holds on you.
👁
You review before filing
Client sign-off before submission — mandatory, not optional
We share the prepared return with you for review. Nothing is filed without your confirmation.
Why your review matters — not just ours
Under the Income Tax Act, the responsibility for accuracy belongs to you — the taxpayer. We strongly encourage every client to read the return we prepare before it is submitted. Our preparation gives you confidence; your review gives you ownership. That combination is what true self-assessment looks like.
Our services

Advisory across every income head

Certain disclosures are mandatory. Non-disclosure attracts penalties and interest — our advisory ensures nothing is missed.

Long-term capital gains
Complete LTCG advisory across all asset classes with applicable rates, exemptions, and disclosure requirements.
Shares & securities Mutual funds ELSS Gold & silver Real estate
Salary income
HRA structuring, perquisites valuation, allowances, and TDS optimisation for salaried employees.
HRA planning Perquisites Form 16 review
NRI specialist
NRI tax advisory
Specialised advisory for non-resident Indians — from residency determination to DTAA relief and repatriation guidance.
DTAA Schedule FA FEMA NRO/NRE
House property
Rental income reporting, home loan interest deductions (Sec 24(b)), co-ownership structures, and let-out provisions.
Rental income Home loan Sec 24(b)
Business income
Profit computation, presumptive taxation eligibility under 44AD/44ADA/44AE, and audit threshold advisory.
Sec 44AD Sec 44ADA Audit support
Other sources
Dividends, FD interest, winnings, gifts received, and all other schedule-specific income disclosures.
Dividends FD interest Sec 80G
How we work

Our multi-stage process

From onboarding to post-filing — every step is structured, verified, and transparent.

1
Document collection
Form 16, bank statements, capital gains records gathered & mapped
2
AIS / TIS check
Every figure reconciled against IT Department records
3
Tax planning
Deductions, exemptions, and disclosure obligations identified
4
Client review
Return shared with you for review before filing
5
Post-filing support
Refund tracking, rectification, and notice handling
ITR forms

Which form applies to you?

We file the most appropriate ITR form for your income profile — AY 2026–27.

ITR-1
Sahaj
Resident individuals with income up to ₹50 lakh from salary, one house property, other sources, and LTCG u/s 112A up to ₹1.25 lakh
ITR-2
Standard
Individuals and HUFs without income from business or profession — covers capital gains, multiple properties, and foreign income
ITR-3
Business
Individuals and HUFs having income from business or profession — includes trading, freelancing, and partnership income
ITR-4
Sugam
Residents using presumptive taxation under Sections 44AD, 44ADA, or 44AE — for small businesses and professionals
Filing is mandatory even below the basic exemption limit if:
Electricity expenses exceed ₹1 lakh in the year
Foreign travel expenditure exceeds ₹2 lakh
Current account deposits exceed ₹1 crore
Savings account deposits exceed ₹50 lakh
NRI advisory

Specialised guidance for non-resident Indians

NRI tax compliance is a distinct, higher-complexity domain. We provide end-to-end advisory tailored specifically to NRIs with India-sourced or India-linked income.

NRIs face TDS deduction at 12.5% + surcharge + cess on capital gains from immovable property. Without timely return filing and proper advisory, excess TDS is deducted and refunds are delayed. We ensure you pay exactly what you owe — no more.

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Your residential status determines everything

The number of days you spend in India each financial year determines whether you are classified as Resident, RNOR, or NRI — which in turn governs your entire India tax liability. We begin every NRI engagement with this critical determination.

Residency
Status determination
Section 6 day-count analysis to determine NRI / RNOR / Resident classification.
Income in India
India-sourced income
Rental income, capital gains on Indian securities and property, NRO interest, dividends.
DTAA
Double taxation relief
Application of DTAA with your country of residence to prevent dual taxation.
Bank accounts
NRE / NRO / FCNR
Correct classification, interest tax treatment, and TDS on NRO accounts.
Property
Real estate transactions
Buyer TDS u/s 195, LTCG computation, Sec 54 / 54EC exemptions.
Foreign assets
Schedule FA & FEMA
Disclosure of offshore assets, accounts, and investments with FEMA and PMLA guidance.
Repatriation
Fund repatriation
Advisory on repatriating proceeds within RBI's permissible annual limits.
Return to India
Returning NRI planning
RNOR status utilisation, global asset transition, and residency re-establishment.
Year-round compliance

TDS, notices & remittance — not just for ITR filers

These obligations affect every property buyer, seller, NRI, and business owner — often with no warning and tight deadlines. MyTaxZone handles all of them.

These are not just ITR problems. Property buyers, NRIs remitting funds, vendors receiving large payments, and anyone who has received an IT notice — all face statutory obligations that exist year-round, independent of whether they file an ITR.
1
TDS on property purchase — resident seller
Sec 393(1), ITA 2025
Form to file
Form 26QB — buyer deposits 1% TDS
TDS certificate
Form 16B — issued to seller
Applies when
Purchase price above ₹50 lakh — buyer is responsible even if unaware
2
TDS on property purchase from NRI
Sec 388, ITA 2025
Form to file
Form 27Q — quarterly TDS return
Buyer must have
Both PAN and TAN before depositing
TDS rate
12.5% + surcharge + cess on LTCG unless lower deduction certificate obtained u/s 393, ITA 2025
3
Lower deduction certificate for vendor / seller
Sec 393, ITA 2025
What it does
Allows TDS at a reduced or nil rate — avoids blocking your cash flow when your effective tax rate is lower than the statutory TDS rate
Who benefits
Sellers, contractors, consultants, NRIs — anyone where excess TDS would otherwise block working capital
4
Issue / assistance — remittance outside India
Form 15CA/15CB
What banks require
Form 15CA (online declaration) + Form 15CB (CA certificate) — without these the bank cannot process your remittance
Covers
Education fees, overseas investment, property purchase abroad, gifts to relatives, business payments to foreign vendors
5
Assistance in the matter of notices
Act fast — deadlines are short
Rectification
u/s 386, ITA 2025 — rectification of errors in IT order or processed return
Revision
u/s 532, ITA 2025 — revision of orders prejudicial to the taxpayer
Scrutiny notice
u/s 265, ITA 2025 — detailed examination / scrutiny by assessing officer
Demand notice
u/s 263(1), ITA 2025 — automated mismatch / adjustment demand from CPC
High-value enquiry
AIS / SFT mismatch — unexplained high-value transactions
Appeal — CIT(A)
First appellate authority — filing and representation
Every notice has a response deadline — typically 15–30 days. Do not wait.
I received a notice
These issues don't wait for filing season
Property transactions, remittances, and notices arise any time of year. MyTaxZone is available year-round.
Speak to an advisor →
Documentation

What to keep ready

Accurate filing starts with complete documentation. Missing documents are the most common cause of missed deductions.

  • Form 16 / 16A
    TDS certificates from employer and bank
  • Bank statements
    Savings, current, FD, and RD accounts for Financial Year 2025-26
  • Capital gains records
    Demat statements, mutual fund reports, property sale deeds
  • Home loan certificate
    Interest certificate & municipal tax receipt
  • Donation receipts
    For deductions under Section 80G
  • Foreign income details
    NRIs: foreign asset schedule, DTAA certificates
Consequences of non-disclosure
Sec 234A/B/C Interest on delayed payment of advance tax and self-assessment tax
Sec 234F Late filing fee up to ₹5,000 for returns filed after the due date
Sec 270A Penalty of 50–200% for under-reporting or misreporting income
AIS mismatch Automated notices where declared income differs from AIS/TIS data
MyTaxZone protection
We reconcile your data against AIS/TIS before filing, flag every discrepancy, and file only when everything is verified — keeping you fully protected.
Specialised service

TCS on vehicle purchase — don't leave money on the table

Every vehicle buyer who pays more than ₹10 lakh has TCS deducted at source by the dealer. Most never claim it — and some get notices for it. MyTaxZone recovers it for you.

Unclaimed TCS is visible to the Income Tax Department
Your TCS appears in your Annual Information Statement (AIS) and Form 26AS the moment the dealer deposits it. If your ITR doesn't claim this credit, it triggers automated scrutiny flags and notices. The problem isn't the TCS itself — it's ignoring it.
How TCS on vehicles works — Section 206C(1F)
1
You buy a vehicle above ₹10 lakh
Any motor vehicle — car, SUV, commercial vehicle
2
Dealer collects TCS at 1%
Of the full sale price at point of payment
3
TCS deposited against your PAN
Reflects in AIS and Form 26AS automatically
4
You claim the credit in your ITR
Adjusted against liability — or fully refunded if excess
TCS rates
Standard rate
1%
Vehicles above ₹10 lakh. Collected by dealer at point of payment.
Non-filer rate u/s 206CCA
5%
If buyer hasn't filed ITR for preceding 2 years. One more reason to file on time.
Vehicle TCS recovery calculator
What happens when TCS goes unclaimed
Automated notice u/s 143(1)
AIS shows TCS but your return doesn't claim it — system raises an automatic demand.
Scrutiny selection u/s 143(2)
High-value AIS entry not reconciled in ITR — can escalate to full assessment.
Lost credit — year-locked
TCS must be claimed in the year of deduction. Unclaimed credit needs rectification — time limits apply.
Interest u/s 234A/B/C
If a demand arises and self-assessment tax wasn't paid, interest compounds from the original due date.
MyTaxZone TCS recovery — what we do
AIS & Form 26AS audit
Verify dealer deposited TCS correctly against your PAN — errors are common.
Multi-year TCS recovery
Purchased in FY 2022–23 or earlier? We assess revised return / rectification options.
TCS credit mapped in Schedule TCS
Correct ITR mapping ensures the credit is applied against liability or refunded.
Notice response & representation
Already received a 143(1) demand? We file rectification u/s 154 and represent you.
NRI vehicle buyer advisory
Higher TCS rates, DTAA credit mapping, and repatriation considerations handled.
Bought a vehicle above ₹10 lakh? Let's check your TCS.
We verify your AIS, compute the credit, and ensure it's correctly claimed in your ITR.
Check my TCS →
Tax tools

Free tax calculators

Estimate your income tax liability or compare LTCG regimes instantly. Results are indicative — consult MyTaxZone for a verified computation.

Income details — AY 2026–27

Exempt up to ₹1.25 lakh; 12.5% above threshold
Max ₹1,50,000
Max ₹2,00,000 (self-occupied)

Your estimated tax

Enter your income details
and click Calculate

Long-term capital gains — AY 2026–27

Optional — will also be indexed
Used to compute old-regime tax on LTCG (if applicable)

Regime comparison

Enter asset details
and click Compare
Anthropic API key required
This feature calls the Claude AI API directly from your browser. Enter your key from console.anthropic.com/keys. It is stored only in your browser session and never sent to our servers.
Supports: Form 16 Part A, Form 16 Part B, Form 16A (bank TDS), multiple employers. Upload all documents together — Claude will consolidate figures across all files and produce a single combined statement.
Drop documents here
PDF, JPG, PNG · Up to 5 files · 10 MB each
Form 16 Part A Form 16 Part B Form 16A
What we extract
Gross salary, allowances & perquisites
Exempt allowances u/s 10 (HRA, LTA…)
Standard deduction & professional tax
All Chapter VI-A deductions (Sec 123/124/132/125/NPS)
TDS deducted by each employer / deductor
Net refund due or balance payable
Consolidated view across multiple employers
Add your API key, upload
Form 16 documents, then
click Extract
Disclaimer: These calculators provide indicative estimates only. Surcharge, cess, special rates on specific income, and state-level variations may alter the final liability. Consult a MyTaxZone advisor for your verified tax computation.
Get started

File with confidence this year

Whether you are a salaried individual, business owner, or NRI — MyTaxZone ensures your return is accurate, compliant, and filed on time. Reach out and we will guide you from the first document to the final acknowledgement.

Bigway Business Solutions Private Limited
Give a Missed Call
6360 016 005
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›
No. 7, Ravshan, Brunton Road
Near MG Road Metro Station
Bengaluru, Karnataka — 560 025
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Mytax@mytaxzone.com
WhatsApp us
mytaxzone.com
6360 016 005
Available for consultation — AY 2026–27
Filing deadlines — AY 2026–27
Non-business
ITR-1 / ITR-2 — Salaried, capital gains
31 Jul 2026
Business — non-audit
ITR-3 / ITR-4 — Freelancers, traders
31 Aug 2026
Start early — give us time to prepare a thoroughly verified return.
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