Income Tax Return Mandatory Rules 2026: రూ. 4 లక్షల కంటే తక్కువ ఆదాయం ఉన్నప్పటికీ విద్యుత్ బిల్లు, విదేశీ ప్రయాణం, మరియు బ్యాంక్ డిపాజిట్ల ఆధారంగా ఐటీఆర్ దాఖలును తప్పనిసరి చేసే ఆదాయపు పన్ను నిబంధనలపై ...

New Delhi, May 3 (SocialNews.XYZ) As the new financial year gains momentum, taxpayers must stay alert to a series of important compliance deadlines scheduled throughout May 2026, with experts stressing that timely action is essential to avoid penalties and additional charges. The month begins with a crucial deadline on May 7, when taxpayers are required to deposit tax deducted at source and tax collected at source for April. Government offices making payments without a challan must credit the tax to the Central Government on the same day. The date also marks the deadline for submitting declarations under Section 394(2) of the Income-tax Act, 2025, which allows buyers to procure goods without the collection of tax for transactions carried out in April.