INCOME TAX2 Sept 2026
ITR Deadline August 31: Late Filing Costs Rs 5,000
The ITR filing deadline for those required to file is August 31. If you file after this due date, you will face a late fee of Rs 5,000 under Section 234F. Returns filed after the due date specified in Section 139(1) attract this penalty. So, act quickly and submit your return before the deadline.
Key Statutory Highlights
- August 31 is the deadline for filing your income tax return.
- Late filing after the due date attracts a fee of Rs 5,000 under Section 234F.
- This penalty applies to returns filed after the due date specified under Section 139(1).
Actionable Advice for Taxpayers / Founders:File your ITR before August 31 to avoid the Rs 5,000 late fee under Section 234F.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief passed the displayed source checks. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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