📢 ITR FILING — TY 2026-27
Income Tax Act 2025 | Must Know!
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📅 FILING DEADLINES
▪️ Salaried → 31 July 2026
▪️ Business/Professional → 31 Aug 2026
▪️ Tax Audit Cases → 31 Oct 2026
▪️ Belated Return → 31 Dec 2026
▪️ Revised Return → 31 Mar 2027
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💰 BASIC EXEMPTION LIMITS
▪️ New Regime (All Ages) → ₹4,00,000
▪️ Old Regime (Below 60) → ₹2,50,000
▪️ Senior Citizens (60-79) → ₹3,00,000
▪️ Super Senior (80+) → ₹5,00,000
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⚡ AUTO ITR TRIGGERS
(Even if income is below limit!)
▪️ Cash in Savings A/c → > ₹10 Lakh
▪️ Fixed Deposits → > ₹10 Lakh
▪️ Credit Card Payment → > ₹10 Lakh
▪️ Property Buy/Sell → > ₹45 Lakh
▪️ Any TDS/TCS Deducted → File ITR
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⚠️ PENALTY FOR LATE FILING
▪️ Late Fee → Up to ₹5,000 (Sec 234F)
▪️ Interest → On unpaid tax (Sec 234A/B/C)
▪️ Loss of carry forward → Losses lapse
▪️ Severe cases → Prosecution / Jail
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✅ SENIOR CITIZEN RELIEF
(75+ Years | Sec 393)
▪️ Only Pension + Bank Interest income
▪️ Only 1 bank account
▪️ Submit declaration to bank
▪️ No need to file separate ITR!
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For informational purpose only