1. Last date to file itr
the income tax return (itr) filing deadline for the financial year 2024-25 is 15th september 2025. Taxpayers must submit their returns by this date to avoid penalties and interest on outstanding taxes.
2. Is the deadline likely to be extended?
Currently, there is no official announcement regarding an extension. However, historically, the government sometimes grants extra time for filing if the pace of submissions is very low or technical issues arise. Taxpayers should monitor the income tax department website and official news updates for any extension announcements.
3. Who needs to file itr?
- Individuals with annual income above the taxable limit
- Professionals and freelancers earning from business or profession
- People with income from property, capital gains, or investments
- Those who wish to claim refunds or maintain financial records
4. How to file your itr
Visit the income tax department e-filing portal – incometax.gov.in
Log in with your pan and password
Select the appropriate itr form based on your income type
Fill in details of income, deductions, and taxes paid
Verify the return using aadhaar otp, net banking, or evc
Keep a copy of the filed return and acknowledgment for records
5. Penalties for late filing
- Late filing fees: up to rs 10,000 if itr is filed after the deadline
- Interest on tax due: 1% per month under section 234a
- Loss of carry-forward benefits: certain losses cannot be carried forward if the return is late
6. Tips to avoid last-minute rush
- Prepare your financial documents in advance: form 16, bank statements, and investment proofs
- Use online itr filing portals to save time
- Consult a chartered accountant if your income sources are complex
- Verify all details before submission to avoid notices from the it department
7. Conclusion: file on time
with the deadline 15th september 2025 approaching fast, it’s crucial to file your itr promptly. While an extension is possible, relying on it is risky. Filing your return on time avoids penalties, ensures compliance, and helps you claim refunds efficiently.
Disclaimer:
The views and opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of any agency, organization, employer, or company. All information provided is for general informational purposes only. While every effort has been made to ensure accuracy, we make no representations or warranties of any kind, express or implied, about the completeness, reliability, or suitability of the information contained herein. Readers are advised to verify facts and seek professional advice where necessary. Any reliance placed on such information is strictly at the reader’s own risk.
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