{"id":32422,"date":"2026-07-13T00:16:33","date_gmt":"2026-07-12T18:46:33","guid":{"rendered":"https:\/\/carajput.com\/blog\/?p=32422"},"modified":"2026-07-13T00:46:35","modified_gmt":"2026-07-12T19:16:35","slug":"who-must-file-itr-for-ay-2026-27","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/who-must-file-itr-for-ay-2026-27\/","title":{"rendered":"ITR Filing AY 2026-27: Eligibility, Document required"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Page Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a53ff2763841\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a53ff2763841\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/carajput.com\/blog\/who-must-file-itr-for-ay-2026-27\/#ITR_Filing_AY_2026-27_Eligibility_Documents_Required_Due_Dates_Penalties_for_Non-Filing\" title=\"ITR Filing AY 2026-27: Eligibility, Documents Required, Due Dates &amp; Penalties for Non-Filing\">ITR Filing AY 2026-27: Eligibility, Documents Required, Due Dates &amp; Penalties for Non-Filing<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/carajput.com\/blog\/who-must-file-itr-for-ay-2026-27\/#Who_Must_File_ITR_for_Assessment_Year_2026-27\" title=\"Who Must File ITR for Assessment Year 2026-27?\">Who Must File ITR for Assessment Year 2026-27?<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/carajput.com\/blog\/who-must-file-itr-for-ay-2026-27\/#1_Mandatory_for_All\" title=\"1. Mandatory for All\u00a0\u00a0\">1. Mandatory for All\u00a0\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/carajput.com\/blog\/who-must-file-itr-for-ay-2026-27\/#2_Individuals_%E2%80%93_Income_Exceeds_Basic_Exemption_Limit\" title=\"2. Individuals \u2013 Income Exceeds Basic Exemption Limit\">2. Individuals \u2013 Income Exceeds Basic Exemption Limit<\/a><ul class='ez-toc-list-level-4'><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/carajput.com\/blog\/who-must-file-itr-for-ay-2026-27\/#Old_Tax_Regime\" title=\"Old Tax Regime\">Old Tax Regime<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/carajput.com\/blog\/who-must-file-itr-for-ay-2026-27\/#New_Tax_Regime_INR_4_lakh_for_all_individuals\" title=\"New Tax Regime: INR 4 lakh for all individuals\">New Tax Regime: INR 4 lakh for all individuals<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/carajput.com\/blog\/who-must-file-itr-for-ay-2026-27\/#3_Mandatory_Filing_Even_if_Income_is_Below_Exemption_Limit\" title=\"3. Mandatory Filing Even if Income is Below Exemption Limit\">3. Mandatory Filing Even if Income is Below Exemption Limit<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/carajput.com\/blog\/who-must-file-itr-for-ay-2026-27\/#4_Senior_Citizens_Exempt_from_Filing_Specified_Cases\" title=\"4. Senior Citizens Exempt from Filing (Specified Cases)\">4. Senior Citizens Exempt from Filing (Specified Cases)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/carajput.com\/blog\/who-must-file-itr-for-ay-2026-27\/#5_Filing_ITR_Is_Highly_Recommended_Even_If_Not_Mandatory\" title=\"5. Filing ITR Is Highly Recommended Even If Not Mandatory\">5. Filing ITR Is Highly Recommended Even If Not Mandatory<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/carajput.com\/blog\/who-must-file-itr-for-ay-2026-27\/#Taxpayers_must_file_an_ITR_for_assessment_year_2026-27_if\" title=\"Taxpayers must file an ITR for assessment year\u00a02026-27 if:\">Taxpayers must file an ITR for assessment year\u00a02026-27 if:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/carajput.com\/blog\/who-must-file-itr-for-ay-2026-27\/#Documents_Required_for_ITR_Filing_for_FY_2025-26_Assessment_Year_2026-27\" title=\"Documents Required for ITR Filing for FY 2025-26 (Assessment Year 2026-27)\">Documents Required for ITR Filing for FY 2025-26 (Assessment Year 2026-27)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/carajput.com\/blog\/who-must-file-itr-for-ay-2026-27\/#Consequences_of_Non-Filing\" title=\"Consequences of Non-Filing\">Consequences of Non-Filing<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/carajput.com\/blog\/who-must-file-itr-for-ay-2026-27\/#Prosecution_for_Wilful_Non-Filing_Section_276CC\" title=\"Prosecution for Wilful Non-Filing (Section 276CC)\">Prosecution for Wilful Non-Filing (Section 276CC)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/carajput.com\/blog\/who-must-file-itr-for-ay-2026-27\/#Income_Tax_Returns_Filing_Deadlines_for_Financial_Year_2025-26_Assessment_Year_2026-27\" title=\"Income Tax Returns Filing Deadlines for Financial Year 2025-26 (Assessment Year 2026-27)\">Income Tax Returns Filing Deadlines for Financial Year 2025-26 (Assessment Year 2026-27)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/carajput.com\/blog\/who-must-file-itr-for-ay-2026-27\/#Quick_Checklist_for_Documents_Required_for_ITR_Filing_for_Financial_Year_2025-26\" title=\"Quick Checklist for Documents Required for ITR Filing for\u00a0Financial Year\u00a02025-26\">Quick Checklist for Documents Required for ITR Filing for\u00a0Financial Year\u00a02025-26<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"ITR_Filing_AY_2026-27_Eligibility_Documents_Required_Due_Dates_Penalties_for_Non-Filing\"><\/span><span style=\"color: #000080;\">ITR Filing AY 2026-27: Eligibility, Documents Required, Due Dates &amp; Penalties for Non-Filing<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-32423\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2026\/07\/ITR-Filing-RequirementAY-2026-27.png\" alt=\"Who Must File ITR for AY 2026-27?\" width=\"1595\" height=\"1077\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2026\/07\/ITR-Filing-RequirementAY-2026-27.png 1595w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2026\/07\/ITR-Filing-RequirementAY-2026-27-300x203.png 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2026\/07\/ITR-Filing-RequirementAY-2026-27-1024x691.png 1024w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2026\/07\/ITR-Filing-RequirementAY-2026-27-768x519.png 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2026\/07\/ITR-Filing-RequirementAY-2026-27-1536x1037.png 1536w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2026\/07\/ITR-Filing-RequirementAY-2026-27-800x540.png 800w\" sizes=\"(max-width: 1595px) 100vw, 1595px\" \/><\/p>\n<div>\n<h2><span class=\"ez-toc-section\" id=\"Who_Must_File_ITR_for_Assessment_Year_2026-27\"><\/span><span style=\"color: #000080;\">Who Must File ITR for Assessment Year 2026-27?<\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div>Filing an income tax return is mandatory in several situations, even if no tax is ultimately payable. For Assessment Year 2026-27, the following persons are required to file an income tax return:<\/div>\n<h3><span class=\"ez-toc-section\" id=\"1_Mandatory_for_All\"><\/span><span style=\"color: #000080;\">1. Mandatory for All\u00a0\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Company<\/li>\n<li>LLP<\/li>\n<li>Partnership Firm<\/li>\n<li>ITR filing is mandatory irrespective of profit, loss, or business activity.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"2_Individuals_%E2%80%93_Income_Exceeds_Basic_Exemption_Limit\"><\/span><span style=\"color: #000080;\">2. Individuals \u2013 Income Exceeds Basic Exemption Limit<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<h4><span class=\"ez-toc-section\" id=\"Old_Tax_Regime\"><\/span><span style=\"color: #000080;\">Old Tax Regime<\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<ul>\n<li>Below 60 years: INR 2.5 lakh<\/li>\n<li>Senior Citizen (60-79 years): INR 3 lakh<\/li>\n<li>Super Senior Citizen (80 years &amp; above): INR 5 lakh<\/li>\n<\/ul>\n<h4><span class=\"ez-toc-section\" id=\"New_Tax_Regime_INR_4_lakh_for_all_individuals\"><\/span><span style=\"color: #000080;\">New Tax Regime: INR 4 lakh for all individuals<\/span><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>Income is considered before Chapter VI-A deductions such as section 80C, 80D, etc.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"3_Mandatory_Filing_Even_if_Income_is_Below_Exemption_Limit\"><\/span><span style=\"color: #000080;\">3. Mandatory Filing Even if Income is Below Exemption Limit<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>ITR filing is mandatory if any of the following conditions are satisfied:<\/p>\n<ul>\n<li>Current account deposits exceed INR 1 crore<\/li>\n<li>Savings account deposits are INR 50 lakh or more<\/li>\n<li>Foreign travel expenditure exceeds INR 2 lakh<\/li>\n<li>Electricity expenditure exceeds INR 1 lakh<\/li>\n<li>Business turnover exceeds INR 60 lakh<\/li>\n<li>Professional receipts exceed INR 10 lakh<\/li>\n<li>Aggregate TDS\/TCS is INR 25,000 or more (INR 50,000 for senior citizens)<\/li>\n<li>Resident owns foreign assets or has financial interest abroad<\/li>\n<li>Resident has signing authority in a foreign account<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"4_Senior_Citizens_Exempt_from_Filing_Specified_Cases\"><\/span><span style=\"color: #000080;\">4. Senior Citizens Exempt from Filing (Specified Cases)<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>A resident individual aged 75 years or more may not be required to file an ITR if all the following conditions are satisfied:<\/p>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li>Income consists only of pension and interest.<\/li>\n<li>Interest is received from the same specified bank where the pension is received.<\/li>\n<li>The declaration is submitted to the bank in Form 12BBA<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<div>\n<h3><span class=\"ez-toc-section\" id=\"5_Filing_ITR_Is_Highly_Recommended_Even_If_Not_Mandatory\"><\/span><span style=\"color: #000080;\">5. Filing ITR Is Highly Recommended Even If Not Mandatory<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"color: #000080;\"><strong>Consider filing your ITR if:<\/strong><\/span><\/p>\n<ul>\n<li>Claiming a tax-deducted-at-source refund<\/li>\n<li>Carrying forward capital loss or business loss<\/li>\n<li>Applying for loans or visas<\/li>\n<li>AIS reflects high-value transactions<\/li>\n<li>Creating a consistent financial record<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Taxpayers_must_file_an_ITR_for_assessment_year_2026-27_if\"><\/span><span style=\"color: #000080;\"><strong>Taxpayers must file an ITR for assessment year\u00a02026-27 if:<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div>\n<ul>\n<li>Income exceeds the applicable exemption limit<\/li>\n<li>Assessees are a company, limited liability partnership, or partnership firm.<\/li>\n<li>Taxpayer undertake specified high-value transactions<\/li>\n<li>You own foreign assets or foreign financial interests<\/li>\n<li>Taxpayer are otherwise covered u\/s 139(1) filing requirements<\/li>\n<li>Even when not mandatory, filing an income tax return is advisable for refunds, loss c\/f, and financial documentation.<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Documents_Required_for_ITR_Filing_for_FY_2025-26_Assessment_Year_2026-27\"><\/span><span style=\"color: #000080;\">Documents Required for ITR Filing for FY 2025-26 (Assessment Year 2026-27)<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Before filing your Income Tax Return (ITR), keep the following documents ready to ensure accurate reporting and smooth processing:<\/p>\n<ul>\n<li>PAN, Aadhaar &amp; Bank Account Details: <span style=\"font-size: 16px;\">PAN Card, <\/span><span style=\"font-size: 16px;\">Aadhaar Card (linked with PAN), <\/span><span style=\"font-size: 16px;\">Active bank account details (account number, IFSC code), <\/span><span style=\"font-size: 16px;\">Details of bank accounts held during the financial year<\/span><\/li>\n<li>Bank Statements: <span style=\"font-size: 16px;\">Complete bank statements for the period <\/span>1 April 2025 to 31 March 2026, <span style=\"font-size: 16px;\">savings account statements, and <\/span><span style=\"font-size: 16px;\">current account statements (if applicable). <\/span>These help identify interest income and high-value transactions and reconcile receipts and payments.<\/li>\n<li>Salary &amp; TDS Documents: <span style=\"font-size: 16px;\">Form 16 (for salaried taxpayers), <\/span><span style=\"font-size: 16px;\">Form 16A (for non-salary TDS such as interest, professional fees, commission, etc.), <\/span><span style=\"font-size: 16px;\">Salary slips (if required)<\/span><\/li>\n<li>Tax Credit Documents: <span style=\"font-size: 16px;\">Form 26AS, <\/span><span style=\"font-size: 16px;\">Annual Information Statement, <\/span><span style=\"font-size: 16px;\">Taxpayer Information Summary. <\/span>These should be reviewed to ensure all income and TDS entries are correctly reported in the return.<\/li>\n<li>Business &amp; Professional Records: For taxpayers having business or professional income: <span style=\"font-size: 16px;\">Profit &amp; Loss Account, <\/span><span style=\"font-size: 16px;\">Balance Sheet, <\/span><span style=\"font-size: 16px;\">Cash Book and Ledger (where maintained), <\/span><span style=\"font-size: 16px;\">Details of debtors, creditors, inventory, and fixed assets<\/span><\/li>\n<li>Capital Gains Documents: If you sold any asset during the year, <span style=\"font-size: 16px;\">Share trading statement, <\/span><span style=\"font-size: 16px;\">mutual fund capital gains statement, <\/span><span style=\"font-size: 16px;\">property sale and purchase documents, and bond<\/span><span style=\"font-size: 16px;\"> or security transaction details.\u00a0<\/span>These are required for accurate computation of short-term and long-term capital gains.<\/li>\n<li>Audit Report (If Applicable): Where a tax audit is applicable: <span style=\"font-size: 16px;\">Tax Audit Report in Form 3CA\/3CB, <\/span><span style=\"font-size: 16px;\">Statement of particulars in Form 3CD<\/span><\/li>\n<li>Proof of Deductions &amp; Exemptions (Old Tax Regime) : If opting for the Old Tax Regime, keep life insurance<span style=\"font-size: 16px;\">\u00a0premium receipts, <\/span><span style=\"font-size: 16px;\">PPF contribution details, <\/span><span style=\"font-size: 16px;\">ELSS investment proofs, , T<\/span><span style=\"font-size: 16px;\">uition fee receipts, <\/span><span style=\"font-size: 16px;\">Home loan interest certificates, <\/span><span style=\"font-size: 16px;\">Medical insurance premium receipts (Section 80D), <\/span><span style=\"font-size: 16px;\">Donations (Section 80G) and <\/span><span style=\"font-size: 16px;\">NPS contribution details<\/span><\/li>\n<li>Other Income Documents: <span style=\"font-size: 16px;\">Interest certificates from banks and post offices, <\/span><span style=\"font-size: 16px;\">Dividend statements, <\/span><span style=\"font-size: 16px;\">Rental income details, <\/span><span style=\"font-size: 16px;\">Pension statements, <\/span><span style=\"font-size: 16px;\">Family pension details<\/span><\/li>\n<li>Foreign Asset &amp; Foreign Income Details (if applicable): <span style=\"font-size: 16px;\">Foreign bank account details, <\/span><span style=\"font-size: 16px;\">Foreign stock or ESOP statements, <\/span><span style=\"font-size: 16px;\">Overseas income documents, <\/span><span style=\"font-size: 16px;\">Foreign tax payment details<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h3><span class=\"ez-toc-section\" id=\"Consequences_of_Non-Filing\"><\/span><span style=\"color: #000080;\">Consequences of Non-Filing<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Late Filing Fee (Section 234F) : INR <span style=\"font-size: 16px;\">5,000 generally and INR <\/span><span style=\"font-size: 16px;\">1,000 if total income does not exceed INR 5 lakh<\/span><\/li>\n<li>Interest (Section 234A) : <span style=\"font-size: 16px;\">Interest on unpaid tax liability<\/span><\/li>\n<li>Loss of Benefits: <span style=\"font-size: 16px;\">Certain losses cannot be carried forward. and <\/span><span style=\"font-size: 16px;\">delay in claiming refunds.<\/span><\/li>\n<li>Updated Return: <span style=\"font-size: 16px;\">Additional tax may apply while filing an updated return (ITR-U).<\/span><\/li>\n<li>Additional tax in an updated return (ITR-U).<\/li>\n<li>Prosecution in cases of wilful non-filing u\/s 276CC in serious cases<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Prosecution_for_Wilful_Non-Filing_Section_276CC\"><\/span><span style=\"color: #000080;\">Prosecution for Wilful Non-Filing (Section 276CC)<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong><span style=\"color: #000080;\">Where there is willful failure to file ITR:<\/span><\/strong><\/p>\n<div class=\"___1dmoc29 f10pi13n ftgm304 f1enuhaj fdclmfp f1nbblvp fat0sn4 f1ov4xf1 fekwl8i f1lmfglv f1oz7aqm f1abmfm4 f1w619qj f16h0jq8\">\n<table class=\"___ijttq10 f1ddd56o f16vktn6 f1ahpp82 f11qra4b f1uinfot fibjyge fvueend f9yszdx f1fu4s3n f3l3pb3 f1s2k7dp f8fmt76 fjvbh62 fysh76l fic4ptz f1yenhzu f1yn6nvh f14tj6oe f1aoyrul f1el8yx3 f1pymoxg f1ofu761 fe6itr f7coize f1794535 f70r78m f4zgifc fk1v6el f16pyhcb fo436u6 fzy4j18 fc43013 f1hmrcvb fc4t9fq fgp09rh fjnyn6r\" style=\"height: 166px;\" width=\"801\">\n<tbody>\n<tr>\n<th><span style=\"color: #000080;\">Tax sought to be evaded<\/span><\/th>\n<th><span style=\"color: #000080;\">Punishment<\/span><\/th>\n<\/tr>\n<tr>\n<td>Exceeds INR 25 lakh<\/td>\n<td>Rigorous imprisonment 6 months to 7 years + fine<\/td>\n<\/tr>\n<tr>\n<td>Up to INR 25 lakh<\/td>\n<td>Imprisonment 3 months to 2 years + fine<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>No prosecution where specified exceptions apply, including cases where tax payable after TDS\/advance tax does not exceed INR 10,000 (subject to conditions).<\/p>\n<div>\n<h3><span class=\"ez-toc-section\" id=\"Income_Tax_Returns_Filing_Deadlines_for_Financial_Year_2025-26_Assessment_Year_2026-27\"><\/span><span style=\"color: #000080;\">Income Tax Returns Filing Deadlines for Financial Year 2025-26 (Assessment Year 2026-27)<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The <em>Central Board of Direct Taxes<\/em> has provided different due dates for filing income tax returns based on the category of taxpayer and applicability of audit requirements. For Assessment Year 2026-27, taxpayers should note the following deadlines:<\/p>\n<div class=\"___1dmoc29 f10pi13n ftgm304 f1enuhaj fdclmfp f1nbblvp fat0sn4 f1ov4xf1 fekwl8i f1lmfglv f1oz7aqm f1abmfm4 f1w619qj f16h0jq8\">\n<table class=\"___ijttq10 f1ddd56o f16vktn6 f1ahpp82 f11qra4b f1uinfot fibjyge fvueend f9yszdx f1fu4s3n f3l3pb3 f1s2k7dp f8fmt76 fjvbh62 fysh76l fic4ptz f1yenhzu f1yn6nvh f14tj6oe f1aoyrul f1el8yx3 f1pymoxg f1ofu761 fe6itr f7coize f1794535 f70r78m f4zgifc fk1v6el f16pyhcb fo436u6 fzy4j18 fc43013 f1hmrcvb fc4t9fq fgp09rh fjnyn6r\">\n<tbody>\n<tr>\n<th><span style=\"color: #000080;\">Taxpayer Category<\/span><\/th>\n<th><span style=\"color: #000080;\">ITR Form<\/span><\/th>\n<th><span style=\"color: #000080;\">Due Date<\/span><\/th>\n<\/tr>\n<tr>\n<td>Salaried Individuals, Pensioners, Hindu undivided families,\u00a0and other non-audit cases<\/td>\n<td>ITR-1, ITR-2<\/td>\n<td><strong>31 July 2026<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Business taxpayers and professionals not requiring audit<\/td>\n<td>ITR-3, ITR-4<\/td>\n<td><strong>31 August 2026<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Companies and taxpayers requiring tax audit<\/td>\n<td>ITR-3, ITR-5, ITR-6<\/td>\n<td><strong>31 October 2026<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Transfer Pricing cases<\/td>\n<td>ITR-3, ITR-6<\/td>\n<td><strong>30 November 2026<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Belated Income Tax Return (if original due date is missed)<\/td>\n<td>All ITR Forms<\/td>\n<td><strong>31 December 2026<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Revised Income tax Return<\/td>\n<td>All ITR Forms<\/td>\n<td><strong>31 March 2027<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>Although the Income Tax Act, 2025, came into effect from 1 April 2026, the return being filed in Assessment Year 2026-27 relates to income earned during Financial Year 2025-26 (1 April 2025 to 31 March 2026). Therefore, the provisions of the Income Tax Act, 1961, continue to govern the computation of income, deductions, exemptions, tax liability, and return filing requirements for Assessment Year 2026-27<\/p>\n<div>\n<h3><span class=\"ez-toc-section\" id=\"Quick_Checklist_for_Documents_Required_for_ITR_Filing_for_Financial_Year_2025-26\"><\/span><span style=\"color: #000080;\">Quick Checklist for Documents Required for ITR Filing for\u00a0<\/span><span style=\"color: #000080;\">Financial Year<\/span><span style=\"color: #000080;\">\u00a02025-26<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>PAN &amp; Aadhaar linked<\/li>\n<li>Bank account details<\/li>\n<li>Form 26AS, Annual Information Statement &amp; Taxpayer Information Summary<\/li>\n<li>Bank statements (Financial Year 2025-26)<\/li>\n<li>Form 16 \/ Form 16A<\/li>\n<li>Capital gains statement<\/li>\n<li>Business P&amp;L and Balance Sheet<\/li>\n<li>Tax audit report (if applicable)<\/li>\n<li>Deduction proofs (Old Regime)<\/li>\n<li>Foreign asset details (if applicable)<\/li>\n<\/ul>\n<p>Having these documents ready before starting the return filing process helps avoid Annual Information Statement mismatches, notices, incorrect tax calculations, and delays in processing refunds.<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>ITR Filing AY 2026-27: Eligibility, Documents Required, Due Dates &amp; Penalties for Non-Filing Who Must File ITR for Assessment Year 2026-27? Filing an income tax return is mandatory in several situations, even if no tax is ultimately payable. For Assessment Year 2026-27, the following persons are required to file an income tax return: 1. Mandatory &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[10503],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/32422"}],"collection":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/comments?post=32422"}],"version-history":[{"count":4,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/32422\/revisions"}],"predecessor-version":[{"id":32429,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/32422\/revisions\/32429"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=32422"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=32422"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=32422"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}