itr india

Manually filing Indian Income Tax Returns (ITR) is a high-stakes process prone to mathematical errors, missed deductions, and portal-specific bugs. One wrong entry or a late filing can trigger section 234F penalties or the loss of capital-loss carry-forwards. This skill provides a methodical, document-first workflow to ensure your return is accurate, defensible, and optimized for the lowest legal tax liability.

What it does

• Employment reconciliation builds a timeline for multiple employers to catch missing Form 16s and HRA gaps.
• Regime comparison performs a rupee-for-rupee computation between the Old and New tax regimes to identify the cheaper option.
• Form selection determines the correct ITR form (ITR-1 to ITR-4) based on income sources like capital gains, crypto, or business receipts.
• Math verification runs independent Python-based tax calculations to validate portal-generated figures and 87A rebates.
• Portal navigation provides specific workarounds for common e-filing site defects, such as session timeouts and schedule validation errors.

How it works

1. Profile setup defines the Assessment Year, residential status, and all income heads including salary, business, and capital gains.
2. Document audit reconciles AIS, 26AS, and bank statements against user-provided proofs for 80C, 80D, and HRA.
3. Execution guide walks through schedule-by-schedule data entry on the e-filing portal, resolving validation defects as they appear.

Frameworks & tools

This skill uses Python for tax math and follows the specific schema requirements of the Indian Income Tax Department e-filing portal (eportal.incometax.gov.in) for AY 2026-27 and earlier.

Why this beats prompting it yourself

Generic AI often hallucinates tax slabs or misses the nuances of section 115BAC defaults for business income. This skill enforces a document-matching workflow that prevents under-reporting penalties and ensures every eligible deduction is claimed before the portal is even opened.

Use cases

• Filing as a salaried employee with a mid-year job change and two Form 16s.
• Computing presumptive tax under section 44ADA for freelancers and creators.
• Reporting complex capital gains from equity, mutual funds, and VDAs/crypto.
• Choosing between tax regimes when significant home loan interest is involved.

Known limitations

Does not support non-resident (NR) or RNOR filings, foreign tax credits (Form 67), or company/trust returns. Users must perform the final e-verification and payment themselves.