The due date to file Income Tax Return (ITR) form 1 and 2 for the Assessment Year (AY) 2026-27 (FY 2025-26) was July 31, 2026, and as per a tweet from the Income Tax Department, more than 5.9 crore income tax returns were filed by the deadline.
With the filing season now over for most salaried taxpayers, many who submitted and e-verified their ITRs on time are eagerly waiting for their income tax refunds. While refunds are generally processed quickly for error-free returns, the actual timeline depends on factors such as successful e-verification, return processing and whether any discrepancies are detected.
