New Delhi, Aug. 6 -- Income tax returns (ITR) deadline for salaried taxpayers and pensioner is over but those who missed the 31 July deadline can still comply with the law but will have to pay a penalty. These taxpayers can file their return for Assessment Year 2026-27 (fiscal year 2025-26) via form ITR-1 or ITR-2 by filing a belated return.

Meanwhile, taxpayers with business or professional income can file their return till 31 August. This deadline applies to business, profession, freelance work, or F&O trading, mainly individuals and Hindu Undivided Families (HUFs) who are not liable for a tax audit. They can file their return via form ITR-3 or ITR-4. This category not only includes small business owners whose incomes are below the aud...