Income Tax Filing Services in Chennai

V Viswanathan Associates, Chartered Accountants Chennai (FRN: 013713S), provides expert income tax return filing (ITR-1 to ITR-7) for individuals, businesses, and NRIs with maximum deduction optimization, penalty avoidance, income tax appeals before CIT(A) and ITAT, and DTAA advisory across 90+ countries

How to file income tax return in Chennai? Income tax filing in Chennai can be done online through IT portal with proper documentation, calculation of tax liability, and claim of eligible deductions. Our expert CA services ensure 100% compliance, maximum refunds, and penalty-free filing for all income types.

Chennai Income Tax Filing Statistics 2026-27

₹12 Lakh

Income up to which the Section 87A rebate makes new-regime tax nil from FY 2025-26 (₹12.75 lakh for salaried)

New vs Old

Tax regime selection guidance

31 Jul / 31 Aug / 21 Nov

ITR due dates AY 2026-27: salaried and other non-audit ITR-1/2 cases 31 July; non-audit business and professional ITR-3/4 cases 31 August (Finance Act, 2026); audit cases 21 November (extended from 31 October by CBDT on 28 September 2026)

Source: Income Tax Department, Government of India

Types of Income Tax Returns We File

ITR-1 (Sahaj) Filing

For salaried individuals and pensioners with income up to ₹50 lakh from salary, pension, and one house property.

Salary and pension income
Income from one house property
Interest from savings account
Family pension and interest income

ITR-2 Filing

For individuals and HUFs with income from capital gains, multiple properties, and foreign assets.

Capital gains from investments
Multiple house properties
Foreign income and assets
Income above ₹50 lakh

ITR-3 Filing

For individuals and HUFs with income from business or profession including freelancers and consultants.

Business and professional income
Freelancing and consulting income
Partnership firm income
Presumptive taxation scheme

ITR-4 (Sugam) Filing

For individuals, HUFs, and firms opting for presumptive taxation scheme under Section 44AD, 44ADA, or 44AE.

Presumptive taxation under 44AD
Professional income under 44ADA
Transport business under 44AE
Simplified computation and filing

Tax Deductions We Help You Claim

Section 80C Deductions (up to ₹1.5 Lakh)

Life Insurance Premium

Life insurance premiums for self, spouse, and children

Children's Tuition Fees

School and college fees for up to 2 children

Home Loan Principal

Principal amount of home loan repayment

ELSS & PPF

Equity Linked Savings Scheme and Public Provident Fund

Other Key Deductions

Section 80D - Health Insurance

Up to ₹25,000 for self/family, ₹50,000 for senior citizens

Section 80G - Donations

Charitable donations to eligible institutions

Section 24 - Home Loan Interest

Up to ₹2 lakh interest on home loan

Section 80E - Education Loan

Interest on education loan for higher studies

Our Professional Tax Filing Process

1

Document Collection & Analysis

Comprehensive review of all income sources and tax-saving investments

  • • Form 16/16A collection and verification
  • • Investment proofs and deduction documents
  • • Bank statements and interest certificates
  • • Capital gains and loss statements
2

Tax Computation & Optimization

Expert calculation of tax liability with maximum legal deductions

  • • Income computation from all sources
  • • Deduction optimization under various sections
  • • Tax liability calculation and planning
  • • Advance tax and TDS adjustment
3

ITR Preparation & Review

Accurate ITR preparation with detailed review and compliance check

  • • Selection of appropriate ITR form
  • • Data entry and computation verification
  • • Cross-checking with supporting documents
  • • Client review and approval process
4

E-filing & Verification

Secure online filing and complete verification process

  • • Online filing through IT portal
  • • ITR-V generation and processing
  • • E-verification or physical verification
  • • Acknowledgment and refund tracking

Income Tax Filing Chennai - Expert Answers to Common Questions

What is the last date for income tax filing in 2026?

The due date for AY 2026-27 was July 31, 2026 for salaried and other non-audit ITR-1/ITR-2 cases and August 31, 2026 for non-audit business and professional ITR-3/ITR-4 cases, including presumptive income under Sections 44AD/44ADA/44AE (a staggered schedule introduced by the Finance Act, 2026); a belated return can still be filed up to December 31, 2026. For taxpayers requiring a tax audit, CBDT extended the audit report date to October 21, 2026 and the return date to November 21, 2026 (from September 30 and October 31); transfer-pricing cases remain due November 30, 2026. Late filing attracts a fee under Section 234F (Section 428 of the Income-tax Act, 2025).

Can I file income tax return online by myself?

Yes, you can file ITR online through the Income Tax e-filing portal. However, professional CA assistance ensures accuracy, maximum deductions, compliance, and penalty avoidance. Our expert filing service saves time and optimizes tax benefits.

What documents are required for ITR filing in Chennai?

Required documents include Form 16, salary statements, bank statements, investment proofs (80C, 80D), interest certificates, property documents, and PAN card. For business income, P&L and balance sheet are needed.

How much penalty for late income tax filing?

Late filing penalty under Section 234F is ₹5,000 for income above ₹5 lakh and ₹1,000 for income below ₹5 lakh. Additional interest charges apply under Section 234A at 1% per month on tax due.

Can CA file belated return for missed deadline?

Yes, we file belated returns up to December 31st of the assessment year with applicable penalties. Belated returns help avoid higher penalties and prosecution while claiming eligible refunds and carrying forward losses.

How to calculate income tax for salaried employees?

Income tax calculation involves gross salary minus standard deduction (₹75,000 under the new regime; ₹50,000 under the old regime), minus 80C deductions (₹1.5 lakh, old regime only), minus other deductions (80D, 24, etc., old regime), then applying the slab rates of the chosen regime. We ensure accurate calculation and maximum savings.

What is the benefit of hiring CA for tax filing?

CA benefits include expert knowledge of tax laws, maximum deduction optimization, compliance assurance, penalty avoidance, refund maximization, and professional representation for queries or notices from IT department.

How long does ITR refund take?

ITR refund typically takes 30-45 days for e-verified returns and 120-180 days for physically verified returns. Direct bank transfer is faster than refund cheques. We provide refund status tracking and follow-up services.

Can NRI file income tax return for Indian property income?

Yes, NRIs must file ITR for Indian property income above basic exemption limit. NRI tax rates are different, and DTAA benefits may apply. We specialize in NRI tax filing with proper documentation and compliance.

What happens if I don't file income tax return?

Non-filing of ITR attracts penalties, interest charges, prosecution risk, and restrictions on financial transactions. You lose carry forward benefits, refund claims, and may face difficulty in loan approvals and visa applications.

Specialized Tax Services We Offer

NRI Tax Filing Services

Specialized tax filing for Non-Resident Indians with Indian income sources and foreign assets.

  • • NRI tax rate application
  • • DTAA treaty benefits
  • • Foreign asset reporting
  • • Residential status determination

Capital Gains Tax Advisory

Expert handling of capital gains from property, stocks, mutual funds, and other investments.

  • • LTCG and STCG calculations
  • • Indexation benefits
  • • Tax-saving reinvestment options
  • • Capital loss set-off planning

Business Tax Filing

Comprehensive tax filing for businesses, professionals, and freelancers with income optimization.

  • • Business income computation
  • • Presumptive taxation schemes
  • • Professional expense optimization
  • • Tax audit compliance

Why Choose V Viswanathan Associates for Income Tax Filing?

India's most trusted CA firm with proven expertise in tax optimization and compliance

14+ Years Experience

Extensive experience in income tax filing for individuals and businesses across India

Maximum Tax Savings

Expert deduction optimization ensuring you claim all eligible tax benefits legally

100% Compliance

Error-free filing ensuring complete compliance with Income Tax Act and rules

Fast Processing

Quick turnaround time with same-day filing for urgent cases

Post-Filing Support

Ongoing support for refund tracking, notices, and queries from IT department

Transparent Pricing

Fixed transparent pricing with no hidden charges for all tax filing services

Ready to File Your Income Tax Return?

Get expert tax filing services with maximum deductions, penalty-free compliance, and fast refund processing from India's trusted CA firm

Call: +91 9176044244 Start Tax Filing Process

Tax Filing Disclaimer

Tax advice provided is based on the Income-tax Act, 1961 (years up to FY 2025-26) and the Income-tax Act, 2025 with the Income-tax Rules, 2026 (tax year 2026-27 onwards). Tax implications may vary based on individual circumstances and changes in tax laws. We recommend professional consultation for complex cases. All services are provided in accordance with Chartered Accountants Act, 1949 and professional ethics.