The Tax Department appealed to taxpayers who receive income from business or professional activities and are not subject to an audit on Monday, urging them to submit income tax returns (ITR) for the 2026-27 fiscal year before August 31.
By August 20, over 20 million ITR Form 3 and ITR Form 4 declarations had been submitted through the electronic declaration portal, increasing the total number of declarations filed for AY27 to more than 65 million. This figure also includes over 59 million ITR-1 and ITR-2 declarations submitted by the deadline of July 31.
In its social media post on X, the Tax Department stated: 'August 31, 2026, is the deadline for filing ITR declarations for AY 2026-27 for taxpayers with income from business or professional activities who do not undergo an audit. Be a tax hero by filing on time.'
If a taxpayer falls into the non-audit category, they can file the corresponding ITR form: ITR-3, ITR-4, ITR-5, or ITR-7.
Form ITR-3 is intended for individuals and Hindu Undivided Families (HUFs) with income from their own business or profession. Form ITR-4 is a simplified form designed for small and medium taxpayers. ITR-5 is used by firms, as well as limited liability partnerships and cooperative societies. ITR-6 is filed by companies registered under the Companies Act, and ITR-7 by trusts and charitable institutions.