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2 clusters · 4 sources · 23 days · First seen · Last updated

India income tax return compliance and processing

Overview

Taxpayers in India are navigating various compliance requirements and potential delays regarding their income tax returns (ITR) for 2026.

Initial reports highlight that taxpayers may face refund delays or receive notices from the income tax department. Experts clarify that notices are often part of a routine verification process using data from the Annual Information Statement (AIS) and other tax summaries. Common causes for delays include failure to e-verify returns within 30 days or incorrect bank account details.

As deadlines for July and August pass, new compliance milestones have emerged. Taxpayers subject to mandatory audits must submit reports by September 30, with a filing deadline of October 31 for companies and partnership firms. Those involved in international transactions subject to transfer pricing rules face a November 30 filing deadline. Individuals who missed initial deadlines may file belated returns until December 31, though this may result in penalties under Section 234F and interest on outstanding tax.

Entities

Income Tax Department

Timeline

  1. 8 days ago

    [BUSINESS] 4 sources
    India Income Tax Return deadlines and rules for belated filings

    Indian taxpayers who missed the July and August ITR deadlines can still file via belated returns or follow specific timelines for tax audits and transfer pricing through late 2024.

  2. 30 days ago

    [BUSINESS] 3 sources
    Income Tax Department: Guidance on ITR notices and refund delays

    Taxpayers may face income tax refund delays or receive notices due to unverified returns, bank account errors, or routine data discrepancies identified through AIS and Form 26AS.

Sources

hindi.business-standard.com · latestly.com · tv9hindi.com · zoomnews.in