Every assessment year brings changes to how income tax returns are filed. Here is a structured summary of what matters most for AY 2026-27.

New vs Old Tax Regime

The new tax regime is now the default for most taxpayers. If you wish to continue with the old regime and claim deductions like 80C, HRA and LTA, you must actively opt for it while filing.

Key Things to Check Before Filing

  • Reconcile Form 26AS, AIS and TIS with your own records before starting
  • Collect Form 16 Part A and Part B from your employer
  • Gather capital gains statements from mutual funds and brokers
  • Verify foreign assets and bank accounts — non-disclosure attracts heavy penalties

Important Deadlines for AY 2026-27

  • 31 July 2026 — Individual taxpayers (non-audit cases)
  • 31 October 2026 — Taxpayers requiring audit
  • 30 November 2026 — Transfer pricing cases
The form changes every year — the discipline of starting early and reconciling Form 26AS before filing does not.

Our taxation team handles end-to-end ITR filing for clients across Udaipur, Pune and Chennai. Write to us →