LatestCorporate Compliance 29 July 2026
ITR Filing Deadline
The deadline to file income tax returns for all eligible taxpayers is 31st July 2026, with over 46.92 crore returns already filed, experts advise assessees not to wait for an extension as it may lead to penalties, interest, refund delays, and loss of tax benefits, salaried taxpayers may face severe consequences for late filing, including loss of tax benefits and delayed refunds
The deadline to file income tax returns for all eligible taxpayers is 31st July 2026. Over 46.92 crore returns have already been filed. Experts advise assessees not to wait for an extension as it may lead to penalties, interest, refund delays, and loss of tax benefits.
Some key points to consider:
- The deadline for filing returns is 31st July 2026
- Over 46.92 crore returns have already been filed
- Experts advise against waiting for an extension
- Late filing may lead to penalties, interest, and delayed refunds
- Salaried taxpayers may face severe consequences for late filing, including loss of tax benefits and delayed refunds
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