Any individual with taxable income, TDS deductions, high-value transactions, or who wants to claim a refund should file an ITR. Filing is also recommended for loan/visa processing and maintaining a clean financial record.

ITR-1 is usually for salaried with simple income, ITR-2 for capital gains/foreign assets, ITR-3 for business/profession, and ITR-4 for presumptive income schemes. ARK will confirm the correct ITR based on your income sources.

Common documents include Form 16, AIS/TIS, Form 26AS, bank statement/interest certificate, investment proofs (80C/80D), rent details (HRA), home loan interest certificate, and capital gains statements if applicable.

AIS (Annual Information Statement) shows income and high-value transactions reported against your PAN. Form 26AS shows TDS/TCS and tax payments. Matching these helps avoid notices and ensures correct filing.

The old regime allows popular deductions/exemptions like 80C, 80D, HRA, home loan interest, etc. The new regime offers lower slab rates but fewer deductions. ARK will compare both and suggest the best option.

Yes. If your total tax liability is less than the TDS deducted, you can claim a refund by filing your ITR. Ensure your bank account is pre-validated and linked for faster refund processing.

Late filing may attract a penalty and may delay refunds. In some cases, you could also lose certain benefits like carrying forward losses. If you missed the deadline, ARK can guide you with the best next step as per your case.

Yes. Your ITR is considered complete only after e-verification (via Aadhaar OTP, netbanking, EVC, or DSC). Without e-verification, the return may be treated as invalid.

Refund timelines vary depending on processing by the department. If all details match (AIS/26AS, bank pre-validation, correct filing), refunds are typically processed faster.

You can usually correct mistakes by filing a revised return within the allowed time. ARK will review the issue and help you correct it properly to avoid future notices.