Income-tax Act, 1961 · Section 139(1) · CBDT · Annual
Due 8 November 2026(31 October of the assessment year)
Demo / Awaiting source verificationWhat it is
Filing of the annual return of income for assessees subject to tax audit.
Who must comply
Companies, firms and other assessees whose accounts are required to be audited.
What to file
Return of income with audit report particulars, schedules of income, TDS credits and tax payments.
Penalty for delay
Fee under Section 234F up to Rs. 5,000 and interest under Sections 234A/234B/234C.
Applicability
Assessees whose accounts require audit
Applicable taxpayers
Audit assessees
AI Verified Summary · AI-generated summary based on official source
Explanation 2 to Section 139(1) prescribes 31 October of the assessment year for assessees whose accounts are required to be audited.
AI confidence 92% · Cross-checked against the official document listed above.
What changed? Additional disclosure schedule proposed for audit assessees reporting related-party balances in the return of income.
Effective from
25 June 2027
Published
31 October 2026
Source
CBDT / Income Tax Department
Last verified: Verified 6h ago
