ITR Filing Deadline Nears: 8 Important Things Taxpayers Must Check Before July 31:

With only three days left to file Income Tax Returns (ITR) for FY 2025-26, taxpayers should file and e-verify their returns by July 31, 2026.

According to the Income Tax Department's official e-filing portal, over 4.10 crore ITRs have already been filed for AY 2026-27. Out of these, around 3.86 crore returns have been verified, 2.34 crore have been processed, and the portal has more than 14.08 crore registered users.

The Income Tax Department has also shared a post on X stating, "I'll Do It Tomorrow" often turns into deadline-day panic.

So far, the Income Tax Department has not announced any extension, making it important to complete the process on time.

"I'll Do It Tomorrow" often turns into deadline-day panic.
Don't wait for July 31, 2026 to file your ITR-1 & ITR-2 for AY 2026-27.
Reconcile your documents and file ITR-1 & ITR-2 for AY 2026–27 today!
🔗 https://t.co/GYvO3mStKf#ITR #ITRFiling #FileNow@nsitharamanoffc… pic.twitter.com/Vt6NnB9tg3

— July 28, 2026

ITR Filing: Important Checklist Before July 31st Deadline

1. Check your AIS

Check your Annual Information Statement (AIS) to ensure you’ve accounted for all your income – including your salary, bank interest and capital gains. If you don’t report any income you may receive a tax notice, plus interest or penalties.

2. Select the appropriate ITR form

Make sure you file the right ITR form as per your income.Profession or Consultancy Income is not to be disclosed in ITR-1 or ITR-2. Similarly if you have short term capital gains on shares or mutual funds then you have to disclose it in ITR-2 or ITR-3 as per your case.

3. Check your bank account

Ensure that the details of your bank account are correct and verified. Wrong account number or IFSC code can delay income-tax refund.

4. Old tax system vs new tax system

Before filing compare your tax liability under the previous and the new tax regimes. Select the one which gives you the maximum tax benefit based on your income and eligible deductions.

5. Disclose foreign income and assets

Even if the amount is small, you need to disclose any foreign income or assets outside India in the relevant schedules of your ITR.

6. Match TDS information

Check the Tax Deducted at Source (TDS) shown in your Form 16 or Form 26AS is same as deducted by your employer, bank or other deductors. If there is any mismatch, get it corrected before filing your return.

7. Complete e-verification

Filing your ITR is not enough. You must e-verify your return within 30 days of filing. If you fail to do so, your return will be treated as not filed

8. Don't forget bank interest

A lot of taxpayers tend to forget to declare interest income that is earned from old bank accounts or fixed deposits. Go through your bank statements, AIS and Form 26AS to ensure you have declared all interest income.