India, Aug. 31 -- August 31 is the deadline for eligible taxpayers with business or professional income who are not required to undergo a tax audit to file their Income Tax Returns (ITRs) for Assessment Year 2026-27. Taxpayers who have not yet submitted their returns should complete the filing process and ensure that the return is verified. Those filing ITR-3 or ITR-4 should select the form applicable to their income profile, accurately report their earnings and reconcile the information with the Annual Information Statement (AIS) and other tax records.

Missing the deadline can have financial and tax-related consequences, including late filing fees, interest on unpaid tax, delayed refunds and restrictions on certain benefits.

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