ITR Filing

Taxpayers can still file a belated return by December 31, but they may have to pay a late fee, interest and forgo certain tax benefits available with timely filing

Over 5.9 crore ITRs have been filed for AY 2026-27 by July 31, the income tax department said on Saturday. The last date for filing income tax returns (ITRs) 1 and 2 -- for assessees who do not have to get their accounts audited -- for Assessment Year 2026-27 without penalty and interest -- was July 31. Last year, over 7.3 crore ITRs were filed by September 16, 2025, which was the extended date for filing tax returns for AY 2025-26. "Over 5.9 crore ITRs filed for AY 2026-27 by July 31st!," the I-T department said in a post on X on Saturday. ITR Form 1 (Sahaj) is a simpler form that caters to a large number of small and medium taxpayers. Sahaj can be filed by a resident individual having annual income up to Rs 50 lakh and who has salary income, one house property, and agricultural income up to Rs 5,000 a year. ITR-2 is filed by individuals and HUFs not having income from profits and gains in business or profession, but having income from capital gains.

The department has been urging taxpayers, particularly those eligible to file simpler forms such as ITR-1 (Sahaj) and ITR-2, to complete the process early

Over 5.5 crore income tax returns (ITRs) have been filed for AY 2026-27, with over 42 lakh filed on July 30 alone, the I-T department said on Friday. The last date to file ITR 1 and ITR 2 for AY 2026-27 is July 31, 2026. ITR Form 1 (Sahaj) is a simpler forms that cater to a large number of small and medium taxpayers. Sahaj can be filed by a resident individual having annual income up to Rs 50 lakh and who has salary income, one house property, and agricultural income up to Rs 5,000 a year. ITR-2 is filed by individuals and HUFs not having income from profits and gains in business or profession, but having income from capital gains. "Less than 24 hours to go! Over 5.5 crore ITRs have already been filed for AY 2026-27 (with over 42 lakh filed on July 30 alone!). File now, File calmly!," the I-T department said in a post on X.

Complete this task with care, as failure to disclose foreign assets with an aggregate value exceeding ₹20 lakh can attract a penalty of ₹10 lakh under the Black Money Act

From higher passport fees to revised credit card rules, several changes from July 1 will affect taxpayers, bank customers and everyday financial decisions.

Form 16 captures your salaried income but you must also cite bank interest, capital gains or freelance earnings

Make sure to match Form 16 with AIS and Form 26AS, choose the correct ITR form, and compare tax regimes before filing

Taxpayers should carefully match their income profile with the applicable ITR form, as filing returns in the wrong form could lead to defective returns or tax notices

Taxpayers and pensioners must complete mandatory tasks like ITR filing and Aadhaar-PAN linking by year-end to avoid penalties, interest liabilities and suspended benefits

TDS, compliance rules and policy shifts have reshaped filing patterns, but rising nil returns and stagnant tax-paying filings point to gaps that need closer scrutiny

Deadline extended after Monday's portal glitches; use these quick browser and network fixes to file returns

ITR deadline: From regime selection to e-verification, here's what to tick off before the ITR deadline ends tonight

From missed income to wrong forms, ITR errors are common. Here's how revised returns, rectification, or updated filings can help you avoid penalties and refund delays

Your ITR isn't just about salary. From small dividends to foreign holding, ESOPs and even low-balance accounts need disclosure or you risk heavy penalties.

Filed your ITR but haven’t received your refund yet? From checking your refund status to understanding why it might be delayed, this step-by-step guide has you covered.

Verifying your ITR within 30 days is mandatory. Skip it, and your return may be treated as invalid, leading to penalties, loss of refund, and other tax setbacks.

Once scrutiny, surveys, or raids begin, correction options are no longer available

Misreporting may invite penalty as high as Rs 10 lakh, can go up to 200 per cent of the tax due

Online tax form was delayed due to revisions that match legislative changes, say experts