ITR Filing: If you haven't filed your ITR by July 31, 2026, there's no need to panic. A belated return can be filed under Section 139(4) of the Income Tax Act. Learn the ins and outs.
The deadline of July 31 is over, how will you file ITR now, what are the options?
ITR Filing: Yesterday, July 31st, was a crucial day for every taxpayer. It was the last date for filing ITRs. Most taxpayers will have filed their ITRs on time, but some may have been unable to do so for various reasons or may have encountered technical difficulties filing at the last minute.
In such a situation, taxpayers who haven't filed their returns yet may be wondering whether they can file their ITR after the deadline has passed. If you haven't filed your ITR yet, this news is important for you.
How to file ITR after July 31?
In fact, those who haven't filed their ITR by the deadline can file their return even after the deadline, but they must be aware of certain conditions before they can file. Belated returns can be filed under Section 139(4) of the Income Tax Act.
Belated returns for assessment year 2026-27 can be filed till December 31, 2026. However, if your assessment is completed before this, the return cannot be filed after that.
Know some things before filing belated return
Before filing a belated return, be sure to pay a few important points. Before filing your ITR, double-check important information like Form 16, Form 26AS, TIS, AIS, and bank interest. If you have any outstanding taxes, pay them first, then file your belated return and ensure e-verification.
Late fees will be levied for late filing of ITR
Late filing fees have been fixed for late filing of ITR under Section 234F of the Income Tax Act.
- If your annual income is more than Rs 5 lakh, then a late fee of up to Rs 5000 may be charged.
- At the same time, if your annual income is up to Rs 5 lakh, then you may have to pay a late fee of up to Rs 1000.
- Apart from this, if any taxpayer has tax dues, then he will have to pay not only late fees but also interest under sections 234A, 234B and 234C.
