ITR deadline: Who must file returns by 31 October, what is the penalty for missed deadline? Key points to know
ITR deadline, Sept. 1 -- A record over 7.8 crore income-tax returns (ITR) have been filed for FY26 / AY27 till 31 August, compared to the more than 7.3 crore ITRs filed by 16 September last year with the extended deadline, the tax department said today.
The total figure includes 5.9 crore returns filed with ITR-1 and ITR-2 forms by 31 July, and the remaining being non-audit taxpayers with business or professional income - with ITR-3, ITR-4, ITR-5 or ITR-7 forms, as per a PTI report.
Notably, for companies and taxpayers (e.g. partners of firms whose accounts are subject to audit) whose accounts are required to be audited, the due date is 31 October, while taxpayers covered by transfer-pricing provisions under Section 92E have until 30 No...
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