LatestAccounting And Audit 14 September 2026
Belated ITR Filing Rules for AY 2026-27 Explained
If you missed the original filing deadline for Assessment Year 2026‑27, you can still file a belated income tax return, but only within defined time limits and after paying applicable fees. The permissible window runs until the later of the assessment year’s end or the completion date of a tax audit under Section 44AB, and attracts penalties and interest for late filing. Knowing these provisions prevents further penalties and keeps you compliant.
The Income Tax Act allows a belated return for AY 2026‑27 with conditions:
- Must be filed before the later of (a) the end of the assessment year, or (b) the date the tax audit under Section 44AB is completed.
- Applicable fees and penalties apply; interest is charged on any tax due.
- Failure to meet audit thresholds may affect audit applicability.
For detailed rules and fee schedule, see the original article.
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