Budget 2026: New Income Tax Return Due Dates for Tax Year 2026-27

Budget 2026: New Income Tax Return Due Dates for Tax Year 2026-27

In Budget 2026-27, the Union Finance Minister, Smt Nirmala Sitharaman, has announced important changes to the new due dates for filing Income Tax Returns (ITR). These new dates aim to give more time to the taxpayers to file their returns and make tax filing easier.

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Key Changes in ITR Due Dates

Extended Deadline for Non-Audit ITRs

For the businesses and trusts whose accounts do not need to be audited, the due date to file ITR is extended from 31st July to 31st August. This extension will give more time to businesses to submit their ITR.

For individuals filing ITR-1 and ITR-2 (simple returns), the due date will remain 31st July.

Extension for Partners of Firms

Partners of firms whose accounts do not need to be audited will also get an extension. Their due date for filing returns will be 31st August.

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Revised Returns

Revised returns can now be filed 12 months from the end of the relevant tax year instead of the current 9-month limit. Thus, the deadline to file a revised return has been extended from 31st December to 31st March, giving more time to taxpayers.

These changes will come into effect starting 1st April 2026 for the tax year 2026-27.