This video explains the critical updates for filing Income Tax Returns (ITR) for Assessment Year (AY) 2026-27 (Financial Year 2025-26). Despite the implementation of the New Income Tax Act 2025 on April 1, 2026, the video clarifies that taxpayers must still follow the Income Tax Act 1961 for AY 2026-27 compliance. Key topics include the selection of correct ITR forms (ITR-1 to ITR-4), revised timelines for filing and revising returns (up to March 31, 2027), and the strict December 31st deadline for belated returns. It also highlights the importance of checking Form 26AS/AIS after June 15th and managing interest/late fees for delayed payments.

ITR Filing AY 2026-27, Income Tax Return Online, New Income Tax Act 2025 vs 1961, Income Tax Updates 2026, ITR 1 Filing Process, How to file ITR for FY 2025-26, Income Tax Late Fee Section 234F, Revised Return Deadline 2027, Updated Return ITR-U, AIS and Form 26AS Update, Tax Planning for Salaried Employees, Business Income ITR-3 ITR-4, Senior Citizen Advance Tax Exemption, Income Tax Portal New Features, CA Satbir Singh, Taxheal News, Income Tax Refund Process, TDS Credit Verification, Belated Return Last Date, Income Tax Compliance India.