The Income Tax Department has confirmed that the Income Tax Return (ITR) filing deadline for Assessment Year 2025-26 remains September 15, 2025. Despite rumors circulating online claiming an extension to September 30, taxpayers are advised to file on time to avoid penalties and loss of benefits.
1. Who Needs to File ITR by september 15?
The deadline applies to:
· Salaried employees
· Pensioners
· Small businesses not requiring audits
Failing to file on time can trigger penalties, interest, and other financial consequences.
2. Late Filing Penalties
If you miss the deadline, the Income Tax Department may levy a late filing fee under Section 234F:
· Up to Rs 5,000 if filed after september 15 but before december 31
· Up to Rs 10,000 if filed after december 31 (for taxpayers with income above Rs 5 lakh)
3. Interest on Tax Due
Late filing also attracts interest under Section 234A on any unpaid taxes. The interest is 1% per month on the outstanding tax amount, which can add up quickly if delayed.
4. Loss of Refunds
If you are eligible for a tax refund, missing the deadline can delay or even forfeit it. Filing on time ensures that refunds are processed promptly.
5. Carry Forward Losses
Taxpayers can carry forward losses (such as capital or business losses) to future years only if ITR is filed within the due date. Missing the deadline means losing this advantage.
6. Legal Consequences
Repeated failure to file ITR can invite:
· Notices and scrutiny from the Income Tax Department
· Additional penalties and legal complications
Timely filing protects taxpayers from unnecessary legal hassles.
7. Benefits of Filing On Time
Filing your ITR on or before september 15 helps you:
· Avoid late fees and interest
· Claim refunds without delay
· Carry forward losses for future tax benefits
· Maintain a clean tax record, which is useful for loans and visa applications
8. Key Takeaway
The ITR filing deadline for 2025 is September 15. There is no extension, and taxpayers must submit their returns promptly to avoid penalties, interest, and loss of benefits. Don’t fall for rumors—file your ITR today to stay compliant and protect your finances.
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..jpg)
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