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Not prepared for ITR filing: Should you file your ITR now with available information or wait and file a belated ITR?
Taxpayers can still file a belated or revised return, while updated returns remain available for up to 48 months under the Income-tax Act.
- Today marks the Income Tax Return filing deadline for salaried individuals, pensioners, students, and other taxpayers not required to conduct a tax audit; missing this date does not mean the opportunity to file is lost.
- Taxpayers missing the deadline can file a belated ITR within nine months of the tax year's end; however, delayed filing incurs late fees of ₹1,000 or ₹5,000, plus interest and potential loss of certain tax benefits.
- Section 139 of the Income Tax Act allows taxpayers to correct discrepancies via a revised return. Chartered accountant Abhishek Soni, CEO of Tax2win, advises, "Do not intentionally furnish incorrect information merely to meet the filing deadline."
- Budget 2026 extended the revised return filing deadline from nine to twelve months from the tax year's end. Consequently, Shaily Gupta, partner at Khaitan & Co, notes the deadline has shifted to March 31, 2027 for AY 2026-2027.
- Eligible taxpayers unable to file or revise returns within standard timelines may still file an updated return under the Income Tax Act. This provision allows updates within 48 months from the end of the financial year succeeding the relevant tax year.
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15 Articles
ITR filing after 31 July: Can you still submit your tax return? Check process, due date and other details
The July 31 deadline has passed, but belated filings are possible until December 31, 2026, with late fees and interest applicable. How to file ITR after due date, who gets more time, consequences, and other details here.
·New Delhi, India
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ITR filing deadline extension: Will Income Tax Department extend July 31 ITR filing due date? Here’s what chartered accountants believe
ITR filing deadline: Nearly 5.44 crore taxpayers filed income tax returns for AY 2026-27 by July 30. Experts suggest the July 31 deadline extension for income tax returns is unlikely. The e-filing portal has been functioning smoothly with no widespread technical issues reported. Taxpayers should file their returns by the July 31 deadline to avoid penalties. The government has previously extended deadlines due to significant technical problems.
·India
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Coverage Details
Total News Sources15
Leaning Left0Leaning Right5Center3Last UpdatedBias Distribution62% Right
Bias Distribution
- 62% of the sources lean Right
62% Right
C 38%
R 62%
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