The 31 August deadline for non-audit to file their income tax returns (s) for AY 2026-27 has passed. However, missing the deadline does not mean taxpayers have lost the opportunity to file their return.
Depending on their situation, they can still file a belated return, revise a return, or ask for a condonation of delay from the income tax department.
Missed the deadline? File a belated return
Taxpayers who could not file their return by the applicable due date can file a belated return. For AY 2026-27, the belated return can be filed until 31 December 2026. A refund can still be claimed through a belated return if the taxpayer is eligible.
However, filing late can result in additional costs and certain restrictions.
- Late filing fee: A fee of ₹5,000 can apply where the total income exceeds ₹5 lakh in a financial year. For taxpayers with total income up to ₹5 lakh, the fee is capped at ₹1,000. No fee is payable where total income does not exceed the basic exemption limit, subject to applicable provisions.
- Interest on tax due: If tax remains payable after considering TDS, TCS and advance tax, interest under Section 234A can apply at 1% per month or part of a month until the return is filed.
- Loss carry-forward: A belated return can restrict the carry-forward of certain losses.
Already filed your ITR? You can revise it
A revised return can be filed by 31 March 2027. Taxpayers should use this route to correct mistakes such as incorrect income details, missed disclosures, or inaccurate deductions.
An additional fee under Section 234-I may apply if a revised return is filed after nine months from the end of the financial year.
For AY 2026-27, the financial year ends on 31 March 2026, so the nine-month period ends on 31 December 2026. Therefore, a revised return filed after 31 December 2026 may attract an additional fee.
- ₹1,000 if the taxpayer’s total income does not exceed ₹5 lakh.
- ₹5,000 in all other cases.
What if 31 December also passes?
If a taxpayer misses the belated return deadline as well, Section 119(2)(b) provides a possible remedy in eligible cases.
Taxpayers are required to file their within the timelines prescribed under Section 139(1) or 139(4) of the Income Tax Act, 1961. However, if a taxpayer misses the deadline due to genuine hardship or a valid reason, they can apply for condonation of delay.
If the income tax authority approves the request, the taxpayer does not have to pay the additional tax, interest, or penalty arising from the delay.
Approval is not automatic. Authorities may reject a request where:
- The taxpayer cannot provide a reasonable explanation for the delay.
- There is a pattern of repeated non-compliance.
- Required supporting documents or evidence are not submitted.
If the condonation request is approved, the taxpayer must file the ITR.
Disclaimer: This is only for informational and educational purposes. Please consult a qualified expert for the latest laws and regulations.