The Income Tax Return filing utilities are being released gradually:
✅ ITR-1 & ITR-4 utilities started from 15 May 2026
✅ ITR-2 filing utility started from 26 May 2026
However, taxpayers should avoid rushing to file returns immediately.
⏳ Why is it better to wait till 10–15 June?
The due date for:
✔️ TDS Returns
✔️ SFT (Specified Financial Transaction) Reporting
is 31 May 2026.
After these filings are completed, it generally takes around 10–15 days for the data to properly reflect in:
🔹 Form 26AS
🔹 AIS (Annual Information Statement)
🔹 TIS (Taxpayer Information Summary)
Filing ITR before reconciliation of these details may lead to:
⚠️ Income mismatch notices
⚠️ Missing TDS credits
⚠️ Incorrect reporting of transactions
⚠️ Future compliance issues
📌 Recommendation:
Before filing your ITR, ensure that:
✅ Form 26AS is updated
✅ AIS/TIS data is reconciled
✅ All TDS entries are properly reflected
A little patience can help avoid unnecessary tax notices later.
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