ITR Deadline Alert: Which Taxpayers Need To File ITR By August 31; Check ITR-3, ITR-4 Eligibility

Taxpayers who have income from business or profession that is not subject to audit have only a few days left to file their income tax return (ITR) for assessment year 2026-27 (AY2026-27). Meanwhile, the income tax department has urged such taxpayers to file their ITRs for AY 2026-27 before the August 31 deadline. 

In a social media post on August 25, the income tax department informed that over 2 crore ITR 3 and ITR-4 were filed on the e-filing portal till August 20. These numbers took the total Income Tax returns filed for AY27 to over 6.5 crore, including over 5.9 crore ITR-1 and ITR-2--- which were filed by the due date of July 31.

"31st August 2026 is the due date for filing ITRs for AY 2026-27 for taxpayers with business or professional income who are not subject to audit. Be the tax hero who files on time," the I-T department said in a post on X.

ITR-3, ITR-4, ITR-6, ITR-7 Eligibility  

- ITR-3 is for individuals and Hindu Undivided Families (HUFs) who have income from a proprietary business or profession.

- ITR-4 is for small and medium taxpayers, while ITR-5 is filed by firms and 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. 

- A taxpayer who falls in the non-audit category can file the applicable ITR (ITR-3, ITR-4, ITR-5 or ITR-7) by the deadline.

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July 31 Deadline  For ITR-1 And ITR-2 

For ITR-1 and ITR-2, the deadline for filing for the Assessment Year 2026-27 was July 31. According to official data, over 5.9 crore ITR-1 and ITR-2 returns were filed till the deadline. 

ITR-1 (Sahaj) Eligibility

ITR 1 Eligibility: A citizen who is earning up to Rs 50 lakh in total income from salary, interest, two properties, some other defined sources, including capital gains under section 112A up to Rs 1.25 lakh, and agricultural income up to Rs 5,000. 

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ITR-2 Eligibility: The form should be filed by individuals and HUFs who do not have income from profits and gains of their business or profession, but have income from capital gains. 

ITR August 31 Deadline: FAQ

Who is the August 31  deadline for?  

Taxpayers with business or professional income not subject to audit have to file ITR by August 31, 2026.  If you fall into this category, then the deadline for you to file your ITR for Assessment Year 2026-27 is August 31, 2026.

Who is eligible to file ITR-1 (Sahaj)?

ITR-1 is for citizens earning up to Rs 50 lakh in total income from salary, interest, and up to two properties. It also includes other defined sources, such as capital gains under section 112A up to Rs 1.25 lakh and agricultural income up to Rs 5,000.

What are the eligibility criteria for ITR-3 and ITR-4?

ITR-3 is intended for individuals and Hindu Undivided Families (HUFs) who have income from a proprietary business or profession. ITR-4 is for small and medium taxpayers.