ITR filing deadline: What happens if you don’t file your income tax return by July 31, 2026? Penalty, consequences explained

ITR filing FY 2025-26: Many individuals are unsure about whether they are required to file their income tax return or not at a particular income level. An income tax return needs to be filed if your taxable income is more than the basic exemption limit.

ITR filing deadline: What happens if you don’t file your income tax return by July 31, 2026? Penalty, consequences explained
ITR filing FY 2025-26: Many individuals are unsure about whether they are required to file their income tax return or not at a particular income level. An income tax return needs to be filed if your taxable income is more than the basic exemption limit.