LatestCorporate Compliance 1 August 2026
Budget 2026 Updates
The Budget 2026 has introduced a staggered compliance calendar to ease the rush of income tax return filings, with new deadlines set for different categories of taxpayers, including salaried and non-business individuals, as well as those requiring audit, the new deadlines are 31 July for ITR-1 and ITR-2, and other dates for ITR-3 and ITR-4, this move is expected to reduce the last-minute rush and make the filing process more manageable
The Budget 2026 has introduced a new staggered compliance calendar to ease the income tax return filing process.
The new deadlines are as follows:
- ITR-1 and ITR-2 for salaried and non-business individuals are due on 31 July.
Other categories, including those requiring audit, have different deadlines.
* The move is expected to reduce the last-minute rush and make the filing process more manageable for taxpayers.
The new compliance calendar is a significant change in the tax filing process and is expected to benefit taxpayers by providing more time to file their returns
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