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CA Intermediate · Taxation · Provisions for filing Return of Income and Self Assessment

Meera Iyer, a resident individual, runs a trading business in Pune with a turnover of Rs 1.8 crore for the tax year 2026-27. Her accounts are required to be audited under the Income-tax Act, and she is not involved in any transfer pricing transaction. What is the due date for furnishing her original return for this tax year?

The due date is 31 October 2027. Meera is a non-corporate assessee whose accounts must be audited and who has no transfer pricing report, so the extended audit-case date of 31 October after the tax year applies instead of 31 July. The 30 November date applies only to transfer pricing cases.

  1. A31 July 2027
  2. B31 August 2027
  3. C31 October 2027Correct
  4. D30 November 2027

Explanation

The ordinary due date of 31 July applies to individuals whose accounts are not required to be audited. Meera's accounts are audited and she has no transfer pricing transaction, so the due date is 31 October following the end of the tax year, i.e. 31 October 2027. The 30 November date is reserved for assessees with international or specified domestic transactions requiring a transfer pricing report.

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