If you missed the July 31 income tax return deadline, you still have the option to submit a belated return or an updated return (ITR-U), based on your specific circumstances. You can file a belated return anytime up to December 31, 2026, though this will incur a late penalty of as much as ₹5,000. In cases where both these dates have passed, you can choose to file an ITR-U voluntarily to report your income and ensure you remain tax compliant.

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