ITR Deadline Today: Business Owners, Are You Filing?
August 31, 2026 is the last day for business owners, freelancers, and professionals to file their Income Tax Return for AY 2026-27. If you use ITR-3 or ITR-4, today is your deadline — missing it means late fees and possible interest on taxes due.
The ₹5,000 late-filing fee is roughly 50 cups of chai from your favourite tapri — gone, just like that.
Miss today's ITR deadline and your penalty starts at ₹5,000
Key Takeaways
Log in to incometax.gov.in right now and check which ITR form applies to you — if you have any business or professional income, it is ITR-3 or ITR-4.
Pay any outstanding tax liability through the e-Pay Tax portal before filing — unpaid tax after today attracts interest at 1% per month under Section 234B.
File even if your books are incomplete — a belated return filed before March 31, 2027 is always better than a missed deadline that costs you loss carry-forward benefits.
August 31, 2026 is the last day for business owners, freelancers, and professionals to file their Income Tax Return for AY 2026-27. If you use ITR-3 or ITR-4, today is your deadline — missing it means late fees and possible interest on taxes due.
Here's what happened: August 31, 2026 is the ITR filing deadline for AY 2026-27 for taxpayers with business or professional income, including ITR-3 and ITR-4 filers.. This deadline covers freelancers, self-employed professionals, small business owners using presumptive taxation under Section 44AD/44ADA, and partners of non-audit firms.. Over 7 crore returns have already been filed nationally, but millions of business-income taxpayers are still in the window — which closes at midnight tonight..
What you should do: Log in to incometax.gov.in right now and check which ITR form applies to you — if you have any business or professional income, it is ITR-3 or ITR-4.. Pay any outstanding tax liability through the e-Pay Tax portal before filing — unpaid tax after today attracts interest at 1% per month under Section 234B.. File even if your books are incomplete — a belated return filed before March 31, 2027 is always better than a missed deadline that costs you loss carry-forward benefits..
Under presumptive taxation (Section 44AD/44ADA), you can declare income at a flat percentage of turnover and skip detailed bookkeeping — making last-minute filing on ITR-4 far simpler than most small business owners realise.
For readers weighing their credit and loan options, our personal loan guide and CIBIL score resources put this update in context.
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- [1]“ITR filing August 31, 2026, deadline today: Due date for AY 2026-27; Check who must file return” Wealth-Economic Times · 31 Aug 2026
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