Should You File Your ITR Immediately? Why Waiting Until June 15 Could Save You from Hassles
मुख्य बातें
- •The ITR utility for FY 2025-26 is available, but filing too early can lead to data mismatches and tax notices.
- •Key tax documents like AIS, Form 26AS, Form 16, and Form 16A are not fully updated when the utility is released.
- •Employers and financial institutions have until May 31, 2026, to file TDS and SFT statements, which are essential for accurate tax reconciliation.
- •Waiting until mid-June ensures all tax data is complete, reducing the risk of errors and the need for revisions.
- •Filing after the deadline (July 31, 2026) can result in loss of tax benefits, so timely filing is still important.
The income-tax return (ITR) filing season for financial year 2025-26 has begun, and many salaried and non-salaried taxpayers are preparing to file their returns as soon as the utility is released. However, tax experts are advising caution. Filing too early—even if the software is available—can lead to avoidable problems later, according to OP Yadav, former Principal Commissioner of Income Tax. While the last date to file ITR for FY 2025-26 (AY 2026-27) is July 31, 2026, waiting until at least mid-June could help ensure all your tax data is correctly reflected and reconciled.
