Key Dates Every Taxpayer Should Know Before ITR Filing
It’s not all good vibes if you miss your Income Tax Return (ITR) deadline. The Income Tax Department will allow you a second chance, but that “gift” will cost you, and it may end up impacting your monthly credit card statement. The filing fee under Section 234F can reach up to ₹5,000, but is capped at ₹1,000 for those with taxable income below ₹5 lakh. Interest under Section 234A will accrue at 1% per month on unpaid tax, meaning procrastination can get expensive. You’ll also be ineligible to carry forward capital gains or business losses. Bottom line: delaying your filing can come with its dues.
In short, delaying your ITR is less “I’ll do it later” and more “later comes with a price tag.”
| Category | Applicable Forms | Last Date |
|---|---|---|
| Salaried Individuals & Pensioners (No business income) | ITR-1, ITR-2 | July 31, 2026 |
| Freelancers & Small Business Owners (Non-audit cases) | ITR-3, ITR-4 | August 31, 2026 |
| Tax Audit Cases (Businesses/Entities requiring audit) | ITR-3, ITR-5, ITR-6 | October 31, 2026 |
| Transfer Pricing Cases (International/Special transactions) | ITR-3, ITR-6 | November 30, 2026 |
| Belated Return (If deadline is missed) | All applicable forms | December 31, 2026 |
| Revised Return (To correct mistakes in filed return) | All applicable forms | March 31, 2027 |
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