The countdown is on for taxpayers as the Income Tax Return (ITR) filing deadline for Assessment Year 2025-26 approaches on September 15, 2025. With only three days remaining, it’s crucial to understand the filing process, potential penalties, and whether the government has announced any extension.
ITR Filing Deadline and Extension
The original deadline for filing ITR was July 31, 2025, but it was extended to September 15, 2025 for non-audited taxpayers, including those filing ITR-1 to ITR-4. This extension was provided to accommodate updates in ITR forms and technical challenges on the e-filing portal.
Currently, there is no further extension announced, and taxpayers are advised to complete filing before the deadline to avoid penalties.
Penalties for Late Filing
Missing the deadline can lead to several consequences:
Late Filing Fee: Up to ₹5,000, reduced to ₹1,000 if total income is below ₹5 lakh.
Interest Charges: Interest may be applicable under Sections 234A, 234B, and 234C on any unpaid taxes.
Delayed Refunds: Refunds may take longer if the ITR is filed late.
Loss of Carry-Forward Benefits: Losses cannot be carried forward for future tax adjustments.
Increased Scrutiny: Late filers may face higher chances of scrutiny by tax authorities.
Common Challenges in ITR Filing
Taxpayers have reported technical issues and discrepancies in filing:
Portal Glitches: Slow loading, validation errors, and problems uploading forms.
Data Mismatches: Differences between Form 26AS and the Annual Information Statement (AIS) leading to errors.
Extension Requests: Tax associations have requested further extensions due to technical issues, but no official announcement has been made.
Tips for Last-Minute Filing
Prepare Documents: Keep salary slips, bank statements, and Form 26AS ready.
Verify Information: Check all income details, deductions, and tax paid to avoid errors.
Save Drafts: Use the draft option to review details before final submission.
File Early: Don’t wait until the last day to avoid technical glitches.
Seek Professional Help: Consult a tax expert if you face difficulties or complex tax situations.
Conclusion
With the ITR filing deadline just three days away, prompt action is necessary. Ensure all documents are ready, carefully review your return, and submit it before September 15, 2025, to avoid penalties, interest, and delayed refunds. Staying informed and compliant will help make the filing process smooth and hassle-free.
FAQs
Q1: What is the last date to file ITR for AY 2025-26?
The deadline is September 15, 2025, for non-audited taxpayers.
Q2: What happens if I miss the deadline?
You may incur a late filing fee, interest on unpaid taxes, and delayed refunds.
Q3: Can I get an extension beyond September 15, 2025?
As of now, no official extension has been announced.
Q4: How can I avoid mistakes in ITR filing?
Verify all income and deduction details, save drafts, and review before submission.
Q5: Who should seek professional help?
Taxpayers with multiple income sources, business income, or complex deductions should consider consulting a tax expert.
Published on : 12th September
Published by : SMITA
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