Tax Compliance Guide: AY 2026-27 & TY 2026-27
The upcoming deadlines for filing your Income Tax Returns (ITR) and audit reports are crucial to note to avoid heavy penalties and interest charges. Staying informed is essential for seamless financial planning.
1. Deadlines for Filing Original ITR
Your filing deadline depends on your legal structure and whether your accounts must be audited.
Transfer Pricing (TP) Audit Cases
Applicable to: Entities required to submit a TP report for international or specified domestic transactions.
AY 2026-27: 30 November 2026 | TY 2026-27: 30 November 2027
Corporate Taxpayers (Non-TP)
Applicable to: Companies not falling under Transfer Pricing audit regulations.
AY 2026-27: 31 October 2026 | TY 2026-27: 31 October 2027
Audited Individuals & Firms (Non-TP)
Applicable to: Non-corporate taxpayers (Individuals/HUFs) whose accounts must be audited.
AY 2026-27: 31 October 2026 | TY 2026-27: 31 October 2027
Partners of Audited Firms
Applicable to: Individual partners of firms whose accounts undergo a legal audit.
AY 2026-27: 31 October 2026 | TY 2026-27: 31 October 2027
Business & Profession (No Audit)
Applicable to: Taxpayers below the mandatory audit threshold.
AY 2026-27: 31 August 2026 | TY 2026-27: 31 August 2027
All Other Cases
Applicable to: Salaried individuals, pensioners, and those with capital gains or house property.
AY 2026-27: 31 July 2026 | TY 2026-27: 31 July 2027
2. Submission of Tax Audit Reports & Penalty Details
Tax audit reports must be filed ahead of the actual ITR deadline.
| Audit Type | AY 2026-27 Deadline | TY 2026-27 Deadline |
|---|---|---|
| Accounts Audited Under Other Laws (Forms 3CA + 3CD / Form 26) |
30 Sept 2026 | 30 Sept 2027 |
| Audited Exclusively Under Income Tax Act (Forms 3CB + 3CD / Form 26) |
30 Sept 2026 | 30 Sept 2027 |
Late Filing Fees for Audit Reports:
₹75,000 for a delay up to 1 month.
₹1,50,000 for a delay exceeding 1 month.
₹75,000 for a delay up to 1 month.
₹1,50,000 for a delay exceeding 1 month.
3. Belated Returns and Late Fee Structure
If you miss the original deadline, you can file a belated return, but you will lose the ability to carry forward certain losses.
Assessment Year 2026-27
Final Deadline: 31 December 2026
Penalty (Section 234F): ₹5,000 (Income > ₹5 lakh) | ₹1,000 (Income < ₹5 lakh)
Penalty (Section 234F): ₹5,000 (Income > ₹5 lakh) | ₹1,000 (Income < ₹5 lakh)
Transition Year 2026-27
Final Deadline: 31 December 2027
Penalty (Section 428(a)): ₹5,000 (Income > ₹5 lakh) | ₹1,000 (Income < ₹5 lakh)
Penalty (Section 428(a)): ₹5,000 (Income > ₹5 lakh) | ₹1,000 (Income < ₹5 lakh)
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