In a major relief for taxpayers, the government has extended the deadline for filing revised income tax returns (ITRs) to March 31, 2026.
This was announced by Finance Minister Nirmala Sitharaman during her Budget 2026–27 speech.
The move replaces the earlier December 31 cut-off, giving individuals more time to review, correct, and update their tax filings.
New Filing Deadlines
The Finance Minister also clarified the timelines for different categories of taxpayers:
ITR-1 and ITR-2 filers: Can submit returns until July 31, 2026
Non-audit business cases and trusts: Deadline extended to August 31, 2026
Additionally, the Income Tax Act, 2025, will officially come into effect from April 1, 2026.
Why This Matters
The revised deadlines give taxpayers extra time to correct mistakes, declare any missed income, and complete filings carefully.
This not only reduces last-minute stress but is also expected to improve overall compliance.
