The Income Tax Department has revised the ITR filing due dates for Assessment Year (AY) 2026-27, providing relief to taxpayers with business and professional income. Under the updated filing calendar, individuals filing ITR-3 and ITR-4 who are not subject to a tax audit will now get an additional month to file their income tax returns.
While the deadline for salaried taxpayers filing ITR-1 and ITR-2 remains unchanged, the government has also extended the timeline for filing revised returns, giving taxpayers more time to correct errors or claim missed deductions.
The biggest change in this year's tax calendar is the extension of the filing deadline for ITR-3 and ITR-4 in non-audit cases from July 31 to August 31, 2026.
The revised ITR filing due dates are:
| Category | Due Date |
| ITR-1 & ITR-2 (Salary, Pension, Capital Gains) | July 31, 2026 |
| ITR-3 & ITR-4 (Non-Audit Cases) | August 31, 2026 |
| ITR-3 & ITR-4 (Tax Audit Cases) | October 31, 2026 |
| Transfer Pricing Cases | November 30, 2026 |
| Belated Return | December 31, 2026 |
| Revised Return | March 31, 2027 |
| Updated Return (ITR-U) | March 31, 2031 |
The extension is expected to benefit small businesses, professionals, freelancers, and consultants who typically require more time to finalise their accounts.
Another major relief is the extension of the deadline for filing revised returns. Taxpayers can now revise their filed returns until March 31, 2027, instead of the earlier deadline of December 31.
The additional time allows taxpayers to rectify mistakes, report omitted income, claim missed deductions under provisions such as Section 80C, or reconcile mismatches in AIS and Form 26AS.
Despite the revised ITR filing due dates, taxpayers who miss the original deadline may still face financial consequences. A late filing fee of up to ₹5,000 under Section 234F may apply, while unpaid taxes attract interest under Section 234A at 1% per month.
Late filing can also result in the loss of carry-forward benefits for certain business and capital losses, restrict the option to choose the old tax regime where applicable, and affect loan approvals, as banks often require recent ITR acknowledgements during the credit assessment process.
The revised ITR filing due dates for AY 2026-27 provide much-needed flexibility, particularly for taxpayers with business and professional income. However, the extension should not be viewed as a reason to delay tax compliance. Filing returns on time not only helps avoid penalties and interest but also ensures quicker refunds, preserves tax benefits, and strengthens a taxpayer's financial profile for future borrowing and other financial transactions.
Want to track these market movements in Hindi? Visit Angel One News for daily updates and comprehensive share market news in Hindi.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jun 30, 2026, 12:08 PM IST
We're Live on WhatsApp! Join our channel for market insights & updates
Get the link to download the App
