ITR: July 31 deadline passed—how to file ITR now and what are the options?

ITR Filing: If you missed filing your ITR by July 31, there is no need to panic. A 'belated return' can be filed under Section 139(4) of the Income Tax Act. Here are the details.

ITR Filing: July 31 was a crucial day for every taxpayer, as it marked the deadline for filing ITR. While most taxpayers likely filed on time, some may have missed the deadline due to various reasons or faced technical issues while attempting to file at the last minute.

Taxpayers who haven't filed their returns yet might be wondering if it is still possible to do so after the deadline has passed. If you are among them, this information is important for you.

How to file ITR after July 31?

Those who missed the deadline can still file a return, but they must be aware of certain conditions to do so. A belated return can be filed under Section 139(4) of the Income Tax Act.

For the Assessment Year 2026-27, a belated return can be filed up to December 31, 2026. However, if your assessment is completed before this date, you will no longer be able to file the return.

Things to know before filing a belated return

Keep a few important points in mind before filing a belated return. Before filing, verify essential details such as Form 16, Form 26AS, TIS, AIS, and bank interest income. If there is any outstanding tax liability, pay it first; then, after filing the belated return, ensure you complete the e-verification process.

Late fee applicable for delayed ITR filing

A late filing fee has been prescribed under Section 234F of the Income Tax Act for filing an ITR after the deadline.

If your annual income exceeds ₹5 lakh, a late fee of up to ₹5,000 may be levied.
However, if your annual income is up to ₹5 lakh, a late fee of up to ₹1,000 may be charged.
Additionally, if a taxpayer has outstanding tax dues, they will be liable to pay not only the late fee but also interest under Sections 234A, 234B, and 234C.