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

Vikram Rao runs a proprietary trading business in Pune. His accounts for tax year 2026-27 are required to be audited under the Income-tax Act, 2025, and he has no international or specified domestic transactions. What is the normal due date for filing his return of income for that tax year?

The due date is 31 October 2027. A proprietor whose accounts must be audited, and who has no transfer pricing report, files his return by 31 October after the tax year ends. The 31 July date applies only to individuals who are not subject to audit.

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

Explanation

A non-corporate assessee whose accounts require audit, with no transfer pricing report, files by 31 October following the end of the tax year. 31 July applies to non-audit individuals. 30 November applies only where a transfer pricing report is required.

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