Economy #itr#income tax
ITR Filing Deadline 2026: Penalties, Late Fees and Consequences of Missing July 31
According to Business-Today, taxpayers missing the July 31, 2026 income tax return deadline face late fees up to Rs 5,000, 1% monthly penal interest, and loss of carry-forward benefits. The report details who must file, the belated and revised return windows, and the wider consequences of not filing at all.
Aug 10, 2026 6 sources