FY 2025–26 Compliance Handbook

Strategic Insights into the Income Tax Act, 2025

📅 The Master Compliance Calendar

31 July 2026 Salaried & Non-Audit Individuals

Base ITR filing deadline for those without business audits.

31 August 2026 Non-Audit Businesses

New Mandate: Partners and non-audit business entities get an extra month.

30 September 2026 Audit Reports

Due date for Tax Audit (3CD) and Transfer Pricing (3CEB) reports.

31 October 2026 Corporate & Audit ITR

Filing deadline for companies and audit-liable taxpayers.

30 November 2026 TP Provision Cases

Final ITR date for taxpayers covered under transfer pricing.

31 March 2027 Revised Return

Extension: Revised returns now allowed up to 12 months after year-end.

🚀 Major Reforms: Income Tax Act, 2025

  • The "Tax Year" Concept: Replaces "Assessment Year" and "Previous Year" with a singular, intuitive "Tax Year" starting April 1st.
  • Revised Return Window: Now permitted up to 12 months (earlier 9). Note: A fee of ₹5,000 applies if filed after 9 months for income > ₹5L.
  • MAT Credit Restrictions: MAT credit can no longer be used to pay Self-Assessment tax or Additional tax.
  • Crypto & VDA: Stricter reporting; penalty for inaccurate VDA reporting is now ₹50,000.

💸 Advance Tax & TDS Cycles

Compliance Type Due Date / Cycle Requirement
Advance Tax (Q1 to Q4) 15th Jun, Sep, Dec, Mar 15%, 45%, 75%, 100% of liability
TDS/TCS Deposit 7th of Every Month Payment for previous month (30th Apr for March)
Quarterly TDS Return 31st Jul, Oct, Jan, May Form 24Q, 26Q, 27Q filings

⚠️ New Fixed Penalty Structure

Violation Delay ≤ 1 Month Delay > 1 Month
Failure to Audit ₹75,000 ₹1,50,000
TP Report Delay ₹50,000 ₹1,00,000
Survey Obstruction ₹25,000 (Fixed) Legal Action potential
ACTION REQUIRED: Verify your AIS data before July 31st to prevent automated misreporting penalties.