ITR Filing Deadline Changed: July 31, 2026 is not the last date for every taxpayer. Know who can file income tax return by 31st August or 31st October.
ITR Deadline Big Update: If you are assuming that July 31, 2026 is the last date for filing Income Tax Return (ITR), then definitely check your category once. This deadline is not the same for every taxpayer. Some people will get a chance to file ITR till 31 August 2026. The special thing is that if you have traded in Intraday Trading or F&O (Futures & Options) even just once in the last financial year, then the deadline of your ITR may change. Let us know who will get extra time and for whom the deadline of July 31 is still there...
Has the last date of ITR changed for all people?
No. The August 31 deadline does not apply to every taxpayer. If your income is only from salary, pension or general investments and does not include income from business or profession, different rules may apply to you. But people whose income falls in the category of business or profession and who do not need to undergo tax audit, can file ITR till 31 August 2026.
What if I have made only one Intraday or F&O trade?
Many people trade in the stock market only once or twice a year and think that it will not make any difference. But as per tax rules, if you have done intraday trading even once or any trade in F&O, your income can be considered as business income. In such a situation, your ITR deadline may be 31st August instead of 31st July, provided your case does not come under the purview of tax audit.
What do the tax rules say on Intraday and F&O?
Profit or loss from intraday trading is considered speculative business income. It is taxed as per the normal tax slab. Whereas, Future and Option (F&O) trading is considered as Non-Speculative Business Income. There is no delivery of shares in this, yet under the Income Tax Act it is kept in the category of business income.
Who will get time till 31st August to fill ITR?
business people
Freelancer
Doctor
chartered accountant
Advocate
Engineer
architect
consultant
Intraday and F&O traders (if tax audit is not required)
Which people can file ITR by 31st October?
If your business or F&O turnover is so high that tax audit becomes necessary, then the last date for filing ITR for you will be 31 October 2026. Therefore, people doing F&O trade must first check their turnover.
Check these 5 things before filing ITR
- In which category does your income fall?
- Have you traded Intraday or F&O?
- Is your tax audit necessary?
- Whether the correct ITR form is selected or not.
- Are all the necessary documents ready or not?
Most asked questions (FAQs) regarding ITR deadline
Is the last date for ITR for all people 31st August?
No. This facility is only for certain taxpayers.
Can the deadline change once an intraday trade is made?
If your income falls under the category of business income and tax audit is not necessary, then this can happen.
What is the last date of ITR for F&O traders?
If tax audit is not necessary then ITR can be filed by 31st August, whereas if audit is necessary then ITR can be filed by 31st October.
Will only salary earners also get time till 31st August?
Not necessary. This will depend on the nature of their income and tax rules.
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