Over 5 crore ITRs filed for AY 2026-27: Income Tax Department urges taxpayers to file before July 31 deadline
The Income Tax Department reported that over 5 crore Income Tax Returns (ITRs) have been filed for Assessment Year 2026-27, with the July 31 deadline approaching. The department urged taxpayers to file their returns promptly to avoid last-minute issues, as heavy portal traffic and document mismatches can cause delays. Missing the deadline could lead to late fees, interest on unpaid taxes, and restrictions on carrying forward losses.