
Tax experts say the July 31 ITR deadline for AY 2026-27 is unlikely to be extended. Early form releases, stable portal, and 4.3 crore returns filed signal no reprieve.
The July 31 deadline for filing income tax returns for Assessment Year 2026-27 is fast approaching. Salaried employees, pensioners, and students filing ITR-1 or ITR-2 are watching for a last-minute extension. Tax experts and the government itself have signaled that this year is different.
Over the past five assessment years, the income tax department extended various filing deadlines on four occasions. For AY 2021-22, the ITR deadline moved from July 31 to September 30, then to December 31. The government cited COVID disruptions and difficulties with electronic filing of audit reports. For AY 2022-23, the deadline for audit-requiring returns was pushed to November 7 after taxpayers reported technical problems on the e-filing portal. AY 2023-24 saw no extension. For AY 2024-25, the audit report deadline was extended by a week, and the belated return deadline moved to January 15, 2025. For AY 2025-26, the main deadline was pushed from July 31 to September 15, then to September 16, after changes to ITR forms and reporting requirements delayed the utilities.
This year, the government has already extended the deadline to August 31 for taxpayers filing returns for business and professional income in non-audit cases. For ITR-1 and ITR-2 filers, the July 31 date stands. The forms were released ahead of schedule, giving taxpayers a normal filing window. Minister of State for Finance Pankaj Chaudhary said the government monitors the e-filing portal's performance through a daily and hourly dashboard. Technical issues are identified, escalated, and resolved within a defined timeline, he said.
As of July 29, more than 4.3 crore ITRs had been filed for AY 2026-27, with over 4.1 crore verified and nearly 2.4 crore processed. The strong filing numbers suggest the system is functioning smoothly. Tax experts have repeatedly warned that an extension is unlikely. The government has urged taxpayers to file on time, pointing to the early release of forms and the portal's stable performance.
Missing the July 31 deadline still allows a belated return by December 31, but at a cost. Section 234F of the Income-tax Act imposes a late filing fee of ₹5,000 if total income exceeds ₹5 lakh, and ₹1,000 if income is up to ₹5 lakh. Taxpayers with outstanding tax dues also face simple interest at 1% per month on the unpaid amount, calculated from the original due date until the return is filed. The interest charge applies even if the taxpayer files a belated return.
The government's stance is clear. With the portal functioning well, forms released on time, and over 4.3 crore returns already filed, a last-minute reprieve looks unlikely. Taxpayers still waiting should plan to file by July 31 or face the penalties.
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