IMPORTANT NOTICE: Tax Compliance Deadlines for AY 2026-27
🔔 URGENT REMINDER Tax Audit Report: 30th September 2026 ITR for Audit Cases: 31st October 2026 File on time to avoid a penalty. Which Tax Law Applies to Tax Audit for AY 2026-27? This distinction matters in 2026. AY 2026-27 relates to income earned during FY 2025-26, from 1 April 2025 to 31 March 2026. The Income-tax Act, 1961 governed that financial year. Although the Income Tax Act, 2025 came into force from 1 April 2026, it governs income of Tax Year 2026-27 onwards. It does not retrospectively change the tax audit forms for FY 2025-26. Therefore, for the tax audit currently being completed for AY 2026-27: Section 44AB of the Income-tax Act, 1961 continues to determine tax audit applicability; Form 3CA continues to apply where accounts are audited under another law; Form 3CB continues to apply where accounts are not required to be audited under another law; and Form 3CD continues to contain the prescribed statement of particulars. The new Form 26 introduced under the Income Tax Rules, 2026 is relevant to tax audits for Tax Year 2026-27 that will be furnished in 2027. It should not be used in place of Form 3CA, 3CB or 3CD for…