Now Reading: Missed ITR deadline? Key remaining dates for FY26 filing
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Missed ITR deadline? Key remaining dates for FY26 filing
The July 31 deadline for filing income tax returns (ITR) for assessment year (AY) 2026-27 has passed, but taxpayers still have several options to comply. NDTV Profit reports that belated returns (ITR…
The Story in Brief
The July 31 deadline for filing income tax returns (ITR) for assessment year (AY) 2026-27 has passed, but taxpayers still have several options to comply. NDTV Profit reports that belated returns (ITR for those who missed the original deadline) can be filed until December 31, 2025, with a late fee.
Revised returns, for taxpayers who want to correct errors in an already filed ITR, can also be submitted by December 31, 2025. Additionally, an updated return (ITR-U) is available up to March 31, 2027, for those who missed both the original and belated deadlines, though with higher fees. These deadlines apply to individual taxpayers and most entities for the financial year 2024-25.
The Indian Opinion
The extended deadlines give taxpayers breathing room, but many mistake them for a free pass to delay. Late filing attracts interest and penalties that can pile up quickly, especially for those with large tax dues. A smarter test is to check whether your employer or bank is deducting accurate tax and whether you have paid advance tax properly. The real question: will you use these extra months to plan better, or just procrastinate?
Source: ndtvprofit.com
This story was synthesised by AI from the source linked above.
