What documents do I need to bring for my Income Tax Return (ITR) filing?

You primarily need your PAN card, Aadhaar card, Form 16/16A (if salaried), bank statements for the entire financial year, AIS/Form 26AS, and details of any interest income, stock transactions, or investment deductions.

Who is required to obtain GST registration in Khammam, Telangana?

Businesses dealing in goods with an annual turnover exceeding ₹40 Lakhs (or ₹20 Lakhs for services in Telangana) must register for GST. Voluntary registration is also beneficial for claiming Input Tax Credit (ITC) and inter-state trade.

How long does it take to register a Private Limited Company or LLP?

Company incorporation usually takes 5 to 7 working days, subject to MCA portal approval. It includes name reservation, Digital Signature Certificates (DSC), SPICe+ form submission, PAN/TAN issuance, and bank account setup.

Tax & Accounting Practice Area

Income Tax Return Filing

Accurate ITR filing for individuals, businesses, and corporate entities.

Statutory Provisions & Governing Mandates

Act 2025

Widened Default Tax Slabs

Section 202(1) (₹0-4L Nil, ₹4-8L 5% ...)

Act 2025

Full Tax Rebate up to ₹12 Lakhs

Section 156(2) Max ₹60,000 Rebate

Act 2025

Standard Deduction (₹75,000)

Section 19(1) Table Sl. No. 2

Act 2025

Restructured Capital Gains Rates

Sec 196 (STCG 20%) & Sec 197/198 (LTCG 12.5%)

Act 1961

Comparative Old Regime Framework

Section 115BAC & Chapter VI-A Deductions

Practice OverviewView Statutory Rates

The Income Tax Return (ITR) is the ultimate annual declaration of your financial health to the government. With the enactment of the Income-tax Act, 2025 (applicable w.e.f. 1st April, 2026 for Tax Year 2026-27), direct tax compliance features widened Section 202(1) tax slabs, enhanced Section 156(2) full tax rebate up to ₹12,00,000, and standard deduction of ₹75,000 under Section 19(1) Table.

At Dayasagar & Co, we treat ITR filing not as a routine data-entry task, but as a strategic advisory exercise. We support complete multi-year continuity—optimizing filings for Tax Year 2026-27 under the Income-tax Act, 2025 while preparing comparative and prior assessment year returns under the 1961 Act framework. Every return is reconciled against AIS/TIS data to ensure zero defect notices.

Key Capabilities & Statutory Deliverables

AIS & TIS Automated Reconciliation

Before filing, we cross-verify your books against the department's Annual Information Statement (AIS) and Taxpayer Information Summary (TIS) to ensure all high-value transactions, dividends, and interest are accounted for.

Dual-Act Regime Optimization

Comparative tax modelling between Section 202(1) Default Regime (with Section 156(2) rebate up to ₹12 Lakhs) and Old Tax Regime deductions (Chapter VIII & Schedule XV / Chapter VI-A: 80C, 80D, 80CCD, 80G).

Restructured Capital Gains Advisory

Expert computation of STCG @ 20% (Section 196) and LTCG @ 12.5% (Sections 197 & 198 with ₹1.25 Lakh exemption threshold), alongside roll-over statutory exemptions under Sections 82, 85, and 86 (Old Sec 54, 54EC, 54F).

Presumptive Tax & Audit Screening

Evaluating presumptive taxation under Section 58(2) Table (Old Sec 44AD/44ADA/44AE) vs Section 63 Statutory Tax Audit requirements to ensure optimized tax liability and complete procedural compliance.