Missed filing your ITR by July 31, 2026? Know your options and here’s what you can do now
· economictimes.indiatimes.com
Taxpayers missing the July 31, 2026 income tax return deadline have options. A belated ITR can be filed until December 31, 2026, with a late fee. Alternatively, a condonation of delay application can be submitted for acceptance. Filing after the due date incurs interest on unpaid taxes and potential loss of benefits. This process may also lead to delayed refunds and increased compliance scrutiny.
July 31, 2026: For most salaried individuals and taxpayers who are not required to get their accounts audited.
For most salaried individuals and taxpayers who ...