What happens now if you didn't file your ITR by August 31? Know the new rules regarding everything from penalties to refunds..

The August 31 deadline for filing Income Tax Returns (ITR) for the Assessment Year 2026-27 has now passed. Often, due to a hectic lifestyle or technical issues, people are unable to file their returns on time. Missing the deadline often causes anxiety, as people fear incurring heavy losses. However, the Income Tax Department has kept avenues for relief open for such individuals. If you too have failed to file your ITR on time, there is no need to panic; under the rules, you can still file your return.

**Belated ITR Offers Significant Relief**