Income Tax Return filing 2026: 6 important reasons taxpayers should wait until mid-June for AY 2026-27
- Posted on May 25, 2026
- By Business News Today
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- 1 min read
Income Tax Return filing 2026: 6 important reasons taxpayers should wait until mid-June for AY 2026-27
The Income Tax Department has released the ITR-1 and ITR-4 utilities for AY 2026–27, which is prompting many taxpayers to file returns sooner than later. However, many taxpayers mistakenly think that once the ITR utilities are available, all their tax information is fully updated as well. In reality, AIS, Form 26AS, and prefilled ITR details may still be missing key entries in the early filing season. This is especially risky for taxpayers with extra income sources like interest, rent, dividends, capital gains, or freelance income. ITR utilities are live, but your tax data may still be incomplete