FAST-DS 2026
File form-1
1.Disclosing,un-disclosed foreign assets of worth upto 5cr by paying a flat fee of 1Lakh
2.Disclose tax escaped foreign income/assets worth of upto 1cr,by paying a 60% penalty on income/assets
u/Foreign_Ad3273 — 4 days ago
Avoid Income tax notice,by giving feedback in AIS statement,if there is a data mis-match.
If everything is correct,then just leave the feedback option.
u/Foreign_Ad3273 — 21 days ago
▲ 6 r/IndiaTax
Did you receive Income tax intimation under section 143(1),know what it means.
u/Foreign_Ad3273 — 27 days ago
I can file your Income tax return,also I can clarify your doubts
31st July,2026,is the last date to file Income tax return for Individuals.(ITR-1 & ITR-2)
After that penalty is applicable
1k penalty:If income is below 5Lakhs
5k penalty:If income is above 5Lakhs
u/Foreign_Ad3273 — 28 days ago
▲ 1 r/IndiaTax
The official motto of the Indian Income Tax Department is...
The official motto of the Indian Income Tax Department is "Kosha Moolo Dandah" (कोष मूलो दण्डः), a Sanskrit phrase from Kautilya’s ancient treatise on statecraft, the Arthashastra.
It translates to "revenue is the backbone of administration," emphasizing that the nation's financial stability relies on tax collection.
u/Foreign_Ad3273 — 1 month ago
Avoid last minute Income tax return filing!
u/Foreign_Ad3273 — 1 month ago
Happy to clarify your questions regarding Income tax return filing.
31st July,2026
is the last date to file Income tax return for Individuals.(ITR-1 & ITR-2)
After that penalty is applicable
1k penalty:If income is below 5Lakhs
5k penalty:If income is above 5Lakhs
u/Foreign_Ad3273 — 1 month ago
I can file your Income tax return,if it is a difficult one for you to file.
31st July,2026
is the last date to file Income tax return for Individuals.(ITR-1 & ITR-2)
After that penalty is applicable
1k penalty:If income is below 5Lakhs
5k penalty:If income is above 5Lakhs
u/Foreign_Ad3273 — 1 month ago
I can file your Income tax return,if it is a difficult one for you to file.
31st July,2026
is the last date to file Income tax return for Individuals.(ITR-1 & ITR-2)
After that penalty is applicable
1k penalty:If income is below 5Lakhs
5k penalty:If income is above 5Lakhs
u/Foreign_Ad3273 — 1 month ago
I can file your Income tax return,if it is a difficult one for you to file!
31st July,2026
is the last date to file Income tax return for Individuals.(ITR-1 & ITR-2)
After that penalty is applicable
1k penalty:If income is below 5Lakhs
5k penalty:If income is above 5Lakhs
u/Foreign_Ad3273 — 2 months ago
Avoid last minute rush.Penalty for late filing of Income Tax Return!
Rahul waited until 11 PM on the final night to file his ITR ⏳.
Suddenly, the portal lagged from heavy traffic, freezing on the payment page 🌐❌. His heart raced, his hands shook with panic, as the clock ticked closer to midnight 😰.
Final submission timeout crashed his session, triggering massive anxiety and a penalty 💔.
Don't let procrastination steal your peace! 📉
📅 Due Dates & Applicable ITR Forms (AY 2026-27 / FY 2025-26)
To avoid server crashes, high interest, and heavy emotional stress, keep these critical deadlines and their corresponding ITR numbers in mind:
1.Salaried Individuals & Pensioners:
*ITR-1 (Sahaj)& ITR-2
🗓️ Due Date: July 31, 2026
2.Non-Audit Business / Professional / Presumptive Income:
*ITR-3 & ITR-4 (Sugam)
🗓️ Due Date: August 31, 2026
3.Tax Audit Cases (Companies, LLPs, Firms, and Trusts):
*ITR-3, ITR-5, ITR-6, ITR-7
🗓️ Due Date: October 31, 2026
4.Belated Returns(late filing fee applies):
All applicable ITRs(Attracts penalties & interest)
🗓️ Due Date: December 31, 2026
5.Revised Returns (To correct filing errors):
🗓️ Due Date: March 31, 2027
u/Foreign_Ad3273 — 2 months ago
▲ 1 r/IndiaTax
Penalty for late filing of Income tax return!
31st July,2026: Due date to file ITR-1 and ITR-2
31st Aug,2026: Due date to file ITR-3,ITR-4 and ITR-5(Non-Audit cases)
31st Oct,2026: Due date to file ITR-6 and Audit cases
u/Foreign_Ad3273 — 2 months ago
▲ 31 r/IndiaTax
I have filed my Income tax return!
Did you file yours?
u/Foreign_Ad3273 — 2 months ago
▲ 2 r/IndiaTax
Penalty relief for not disclosing foreign assets with certain limit!
If holding of Foreign assets value is more than 20Lakhs,and if it is missed to report in Foreign assets schedule(also called as FA schedule),then Income tax department can levy a penalty of Rs.10 Lakhs.
u/Foreign_Ad3273 — 2 months ago