Income Tax Filing Season Approaching for AY 2026-27: Know Key Deadlines and Consequences of Non-Compliance
23 March 2026Kashish Bhardwaj
Income Tax Filing Season Approaching for AY 2026-27: Know Key Deadlines and Consequences of Non-Compliance
As the income tax return (ITR) filing season is running, taxpayers must stay aware of urgent deadlines to avoid penalty under the Income Tax Act for the financial year 2025-2026 (AY 2026-27).
Income tax is a direct tax charged on the income earned by an individual or entity. It applies to income generated from sources such as salary, house property, business, capital gain, and other sources. Taxpayers are required to pay tax if their total income exceeds the constitutional immunity limit after deductions.
| Category of Taxpayer | Due Date (Original Return) |
| Company (whether tax audit applicable or not applicable) | 31st October 2026 |
| Other than a company to which the tax audit is applicable | 31st October 2026 |
| Partner of the firm to whom the tax audit is applicable | 31st October 2026 |
| Assessee includes the partner’s firm or the spouse of such partner, who is needed to be provided report under section 172 | 30th November 2026 |
| Assessees who are not required to get their accounts audited | 31st July 2026 |
| Belated Return | 31st December 2026 |
| Revised Return | 31st March 2026 |
| Updated Return (ITR-U) | Upto 31st March 2031 |