Union Budget 2026 | Relief for taxpayers: Deadline for filing revised ITR extended

In her Budget speech on February 1, Nirmala Sitharaman proposed extending the deadline to file revised and belated income tax returns up to March 31. The move gives individuals more time to correct errors or file returns that were missed earlier in the assessment year. For many taxpayers, delays happen due to genuine reasons—late Form 16s, missing bank interest details, confusion around new tax rules, or simple oversight. Until now, missing earlier deadlines often meant higher penalties and limited options to fix mistakes.