The record
Written from the 1 report below. Nothing here is unsourced.
- The Income Tax Department said more than 5 crore income tax returns have been filed for the 2026-27 assessment year so far.
- The department, in a post on X, urged filers to submit ITR 1 and 2 before the July 31 deadline.
- ITR-1 (Sahaj) is for resident individuals with annual income up to Rs 50 lakh, salary income, one house property, and agricultural income up to Rs 5,000, while ITR-2 is for individuals and HUFs with capital gains income but no business or professional income.
- This matters because taxpayers who miss the July 31 deadline could face late-filing consequences under income tax rules.
What to watch next
- Whether the department extends the July 31 deadline as filing volumes rise.
- Final total ITR filings once the deadline passes.
- Any announcements on penalties or late fees for late filers.
Coverage1
1 report
English national1
All filed from India
Named India · ITR-2 · ITR Form 1 · Income Tax Department · X
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