Key Details on Income Tax Return Filing for AY 2026-27
When Will ITR Filing 2026 Start This Year? All You Need To Know About Income Tax Return Filing For AY2026-27
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Taxpayers in India can expect to begin filing Income Tax Returns (ITR) for the assessment year 2026-27 this month, following the notification of ITR forms by the income tax department. Key deadlines remain the same, with July 31 as the filing cutoff, while new provisions allow for reporting income from up to two house properties in simpler forms.
- 01ITR filing for AY 2026-27 is expected to start this month.
- 02The ITR forms have been notified, covering all categories from salaried individuals to businesses.
- 03Salaried individuals must wait for their Form 16 before filing.
- 04ITR-1 now allows reporting income from up to two house properties.
- 05The filing deadline remains July 31, 2026.
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The Income Tax Department of India has notified the Income Tax Return (ITR) forms for the assessment year 2026-27, with filing expected to commence this month. Tax practitioners indicate that the filing process typically begins in April, but last year saw delays due to significant changes in tax provisions. This year, however, the timely release of forms suggests a smoother process. Salaried individuals will need to wait for their Form 16 before proceeding with their filings. The new Income Tax Act, 2025, which came into effect on April 1, will not affect the current ITR filings, which will still be governed by the Income-tax Act of 1961, as amended by the Finance Act of 2026. The filing deadline for all taxpayers is set for July 31, 2026. The notified forms range from ITR-1 to ITR-7, with ITR-1 now allowing taxpayers to report income from up to two house properties, a change aimed at simplifying the filing process for individuals with multiple properties. Other forms cater to various taxpayer categories, including businesses and trusts, ensuring compliance across diverse income sources.
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The timely filing of ITRs allows taxpayers to comply with tax regulations, potentially affecting their tax liabilities and refunds.
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