Home › Resources
Published for information. Positions are as at 19 August 2026 and should be verified against the law in force on the date you rely on them.
Calendar
| Obligation | Applies to | Due date |
|---|---|---|
| Return of income, ITR-1 and ITR-2 | Individuals and HUFs without business income, no audit | 31 July 2026 |
| Return of income, ITR-3 and ITR-4 | Business or professional income, not subject to audit | 31 August 2026 |
| Tax audit report under section 44AB | Assessees subject to audit | 30 September 2026 |
| Return of income, audit cases | Assessees subject to audit under section 44AB | 31 October 2026 |
| Report under section 92E, Form 3CEB | International or specified domestic transactions | 31 October 2026 |
| Return of income, transfer pricing cases | Assessees furnishing Form 3CEB | 30 November 2026 |
| Belated return under section 139(4) | All assessees | 31 December 2026 |
| Revised return under section 139(5) | All assessees | 31 December 2026 |
| Form 67 for foreign tax credit | Assessees claiming relief under section 90, 90A or 91 | 31 March 2027 |
| Updated return under section 139(8A) | All assessees, with additional tax | Within the extended window from the end of the assessment year |
Late filing. A fee under section 234F of ₹1,000 applies where total income does not exceed ₹5 lakh and ₹5,000 otherwise, with interest under section 234A on tax remaining unpaid. Certain losses cannot be carried forward if the return is filed after the due date under section 139(1). Dates are occasionally extended by CBDT circular — check before relying.
Preparation
Sending a complete set at the start is the single largest determinant of turnaround.
Reference
| Provision | Subject | Why it comes up |
|---|---|---|
| Section 6 | Residential status | Determines scope of income and applicability of Schedule FA |
| Section 17(2)(vi) | Perquisite on ESOP and RSU | Fixes the vesting-date value that also becomes cost of acquisition |
| Sections 90, 90A, 91 | Double taxation relief | Treaty and unilateral relief for income taxed abroad |
| Rule 128 and Form 67 | Foreign tax credit | Procedure and timing for claiming credit |
| Rule 115 | Rate of exchange for conversion | Specified date and TT buying rate for foreign currency income |
| Rule 26 | Conversion for TDS on salary | Rate applicable to the perquisite on vesting |
| Sections 111A, 112, 112A, 50AA | Capital gains rates | Classification and rate by asset class |
| Sections 54, 54F, 54EC | Capital gains exemptions | Reinvestment relief and its timing conditions |
| Section 139(1), (4), (5), (8A) | Return filing | Original, belated, revised and updated returns |
| Black Money Act, 2015 | Undisclosed foreign income and assets | Consequence of omitting a foreign asset from Schedule FA |
Transition
The Income-tax Act, 2025 came into force on 1 April 2026 and governs income of FY 2026-27 onwards. The Income-tax Act, 1961 continues to apply to earlier years, including the return you are filing now for FY 2025-26, and to assessments, appeals and proceedings relating to those years.
In practice this means a period of dual compliance. The year you are dealing with decides which Act, which section numbering and which forms apply. Carried-forward losses and unabsorbed depreciation move across under specific transitional provisions, and reporting formats have been reissued under the new Rules.
We are tracking the transition across live engagements and will flag, in each file, which Act governs the year in question.
Client experience
Reviews from clients of the practice, published as given and with consent. First names only. Grammar has been tidied where needed; nothing has been added, removed or reworded in substance.
Start a conversation
Send your Form 16, broker statements, vesting reports and Form 26AS / AIS. You will get a written scoping note setting out the schedules involved, the documents required and a fixed fee before any work begins.