By Admin 
- The last date for ITR filing is fixed as July 31, 2026.
- You may have to file ITR even if you have low income.
- ITR on electricity bill, foreign tour, bank deposit up to Rs 1 lakh.
ITR Filing 2026: The last date for filing Income Tax Return (ITR) is gradually approaching. The deadline for filing Income Tax Return (ITR) without late fees for the assessment year 2026-27 is July 31, 2026. According to the Income Tax Department, more than 3 crore taxpayers have already filed their ITR. Generally, it is believed that filing ITR is necessary only when the annual income is more than Rs 4 lakh under the new tax regime or Rs 2.5 lakh under the old tax system. But do you know that even if your annual income is less than this basic exemption limit, you may still have to file ITR to avoid penalty or legal action?
If your annual income is less than Rs 4 lakh, then you may not have to pay tax under the rules of the Income Tax Department, but under 6 strict rules of the government, it becomes mandatory for you to file ITR (Income Tax Return). Section 139(1) of the Income Tax Act, 1961 lists six special situations in which filing of ITR becomes necessary. Let us understand these in simple words.
Electricity bill more than 1 lakh
If you have spent Rs 1 lakh or more on the electricity bill of your home or shop in the entire business year, then you must file ITR, even if your total income is zero.
More than 50 lakh deposits in current account
If you have a business account (Current Account) and you have deposited Rs 50 lakh or more in it in a year, then you will also come under the purview of the rule.
foreign tour worth more than 2 lakhs
If you have spent Rs 2 lakh or more on yourself or someone else’s foreign trip, then it is mandatory for you to also file a tax return.
TDs/TCS of Rs 1 lakh or more in savings account
If a total TDS of Rs 25,000 or more (Rs 50,000 for senior citizens) has been deducted in a year on your different bank accounts or FD or any other investment, then it is necessary for you to file ITR.
More than Rs 50 lakh in savings account
If a total amount of Rs 50 lakh or more has been deposited in one or more of your savings accounts in a year, you will still have to file ITR.
foreign assets or foreign income
If you have any property in your name outside the country or you have any kind of income from abroad, then you should also file ITR without any delay.
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