Can I still file ITR for FY 2025-26 after 31 July 2026?

Yes. A belated return under Section 139(4) can be filed until 31 December 2026, with a Section 234F late fee and Section 234A interest. If you have non-audit business or professional income, check first — your due date is 31 August 2026, so you may not be late at all.

What is the penalty for filing ITR late?

₹5,000 under Section 234F, reduced to ₹1,000 where total income does not exceed ₹5 lakh. Interest at 1% per month or part month under Section 234A applies separately on any unpaid tax.

Can I choose the old tax regime in a belated return?

No. The old-regime option must be exercised on or before the Section 139(1) due date — inside the return if you have no business income, or through Form 10-IEA if you do. Filing belatedly means the return is assessed under the new regime for that year.

Can I carry forward losses in a belated return?

No, other than loss under the head house property and unabsorbed depreciation under Section 32(2). Business, speculative and capital losses are forfeited if the return is filed after the due date.

Will I still get my refund if I file late?

Yes, a belated return can claim a refund. It is processed after timely returns, and interest under Section 244A is computed from a later date, so the refund arrives later and carries less interest.

Can a belated return be revised?

Yes. A return filed under Section 139(4) can be revised under Section 139(5) up to 31 March 2027. Revising it does not, however, restore carry-forward rights or the old-regime option, which were fixed by the date of the original filing.

Is there a late fee if no tax is payable?

If you were never required to file, no Section 234F fee applies. But where filing was mandatory — because income exceeded the threshold, or because of foreign assets, high-value deposits or other specified conditions — the fee applies even with nil tax payable and even where a refund is due.

What happens if I miss 31 December 2026 as well?

Your only route is an updated return, ITR-U, under Section 139(8A), available until 31 March 2031. Additional tax runs from 25% to 70% of the tax and interest depending on when you file, it cannot be used to claim a refund or reduce your liability, and it cannot be revised.

Does filing late affect loans or visas?

It can. Lenders and visa authorities routinely ask for the last two or three years' ITR acknowledgements, and a pattern of belated filings reads as weak financial discipline in credit assessment.

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What is the last date to file ITR for AY 2026–27?

For non-audit individual taxpayers, salaried employees, and freelancers, the standard due date to file Income Tax Returns for Assessment Year 2026–27 is July 31, 2026.

What documents are required for online ITR filing?

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