Filing an income-tax return on time helps avoid interest and late-filing fees and keeps your compliance record in order. This note summarises the general timeline for Assessment Year 2026-27 and the documents that are usually needed to prepare a return.
Who is required to file
In broad terms, individuals whose total income exceeds the basic exemption limit are required to file a return. A return may also be required in certain other situations, for example where specified deposits, expenditure or foreign assets are involved, even if income is below the threshold.
Documents commonly required
- PAN and Aadhaar
- Form 16 / salary statements (for salaried individuals)
- Form 26AS and the Annual Information Statement (AIS)
- Interest certificates from banks and post office
- Details of capital gains, if any
- Proof of deductions claimed (for example under Chapter VI-A)
General timeline
For most individual taxpayers who are not subject to audit, the due date for filing typically falls in July following the close of the financial year. For taxpayers whose accounts are required to be audited, the due dates are later. Due dates can be revised by the authorities, so it is advisable to confirm the current dates before filing.
This article is for general information only and does not constitute professional advice. Please consult a qualified professional for guidance on your specific circumstances.