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ITR Filing Last Date 2025: When Is The Last Date To File Return?

ITR Filing Last Date 2025: When Is The Last Date To File Return?

News186 days ago
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In a major relief to individual taxpayers, the Central Board of Direct Taxes (CBDT) has extended the deadline for filing Income Tax Returns (ITRs) for the financial year 2024-25 (assessment year 2025-26) from July 31, 2025, to September 15, 2025. (Image: Pinterest)
'Accordingly, to facilitate a smooth and convenient filing experience for taxpayers, it has been decided that the due date for filing of ITRs, originally due on 31st July 2025, is extended to 15th September 2025," CBDT said in the press release. (Image: Pinterest)
What happens if you miss the deadline? Taxpayers then need to pay interest at a rate of 1 per cent per month or part month on the upaid tax amount. (Image: Pinterest)
Losses under capital gains or business/profession can't be carried forward to future years if you file late. (Image: Pinterest)
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ITR filing 2025 last date extended
ITR filing 2025 last date extended

Hindustan Times

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  • Hindustan Times

ITR filing 2025 last date extended

The last date for the filing of Income Tax Returns (ITR) for the financial year 2024-25 (Assessment Year 2025-26) has been extended. while the date for the filing of the return has been extended, the payment of any due self-assessment taxes must be finished by July 31.(Reuters) The Central Board of Direct Taxes has released a new deadline for ITR filing for non-audit cases, including salaried taxpayers. The final date to file the ITR for them has now been moved to September 15, 2025, from the earlier date July 31, 2025, according to the CBDT circular. Filing beyond this date will lead to a penalty of ₹5,000 (if income exceeds ₹5 lakh) and ₹1,000 for lower income groups under Section 234F. Belated or revised returns can be filed till December 31, 2025, and updated returns (ITR-U) can be filed till March 31, 2030. However, while the date for the filing of the return has been extended, the payment of any due self-assessment taxes must be finished by July 31. If not, penal interest under Section 234A may be accrued. The extension comes after alleged delays in the availability of updated ITR forms and e-filing facilities on the Income Tax Department's portal. Apart from this, the late reflection of TDS data in Form 26AS and AIS also led to challenges for the taxpayers, who urged for extension to ensure precise filing. The deadline extension also leads to a positive reflection on the refund interests. Taxpayers who are due refunds may get up to 33 per cent higher interest under Section 244A. This is because the interest is accrued from April 1, despite the extension. This interest is taxable and must be reported in the ITR. The Income Tax Department introduced a new Excel-based offline utility for filing the Income Tax Return-1 and Income Tax Return-4. Under this utility, taxpayers will be able to validate their returns by creating a JSON file and uploading it to the e-filing portal.

How a small AIS check can save you from a tax notice
How a small AIS check can save you from a tax notice

India Today

timea day ago

  • India Today

How a small AIS check can save you from a tax notice

It's tax season again and crores of taxpayers are getting ready to file their Income Tax Returns (ITR) for the financial year 2024–25 (assessment year 2025–26). But before you hit that 'Submit' button, here's one important step you shouldn't skip — checking your Annual Information Statement (AIS).The Income Tax Department has made the AIS a must-check document for every taxpayer. Unlike Form 26AS, which mostly shows details of tax deducted at source (TDS) and tax collected at source (TCS), the AIS gives a full picture of your financial activity. It includes income from your salary, savings interest, dividends, stock trades, mutual funds, high-value spends, and even money sent IT MATTERSIf you skip checking your AIS, you might end up missing some income details. This can lead to a mismatch between what you file and what the tax department already knows, and that can easily get you a notice later. By cross-checking your AIS, you make sure all the numbers match, avoiding unnecessary TO CHECK YOUR AIS It's simple. Log in to the Income Tax Department's e-filing website using your PAN or Aadhaar and on the 'Services' tab, find 'Annual Information Statement (AIS)' and hit 'Proceed'. You can also go to the 'e-File' menu, click 'Income Tax Return' and pick 'View AIS'.The AIS will show all reported income details. If you want to download it as a PDF, you'll need a password, your PAN in lowercase, followed by your date of birth in DDMMYYYY IF THERE'S A MISTAKE?Mistakes happen. But the good thing is you can fix them. The AIS has an option to give pick the transaction with the error, click the 'Optional' button, select the right feedback and submit it. You'll get a receipt, and any updates will show up in your Taxpayer Information Summary (TIS).Simply put, a quick look at your AIS today can help you file an error-free return and stay worry-free about tax notices later.- Ends

Got a tax notice for submitting less TDS? CBDT relief may offer respite
Got a tax notice for submitting less TDS? CBDT relief may offer respite

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Got a tax notice for submitting less TDS? CBDT relief may offer respite

The Central Board of Direct Taxes (CBDT) has provided some relief to taxpayers and businesses who have been served tax demand notices for deducting tax at source (TDS) or collecting tax at source (TCS) at normal rates from payees whose Permanent Account Numbers (PANs) had become inoperative for want of Aadhaar linkage. Under the Income-Tax Act, inoperative PANs attract higher TDS/TCS rates of 20 per cent. CBDT has spared deductors and collectors from paying the differential tax and penalties, provided certain conditions are met. What triggered this relief? Several deductors had raised concerns about notices from the tax department demanding additional tax where they applied normal TDS/TCS rates, unaware that the payee's PAN was inactive. 'The CBDT's circular provides significant relief to taxpayers who were saddled with tax demands arising from short deduction or collection on account of a payee's PAN being inoperative due to non-linkage with Aadhaar,' says Ashish Mehta, partner at Khaitan & Co. Who benefits and how? Relief applies in cases where: -Transactions occurred between April 1, 2024 and July 31, 2025, and -The payee's PAN is made operative by September 30, 2025. In such cases, demand notices for short deduction will be quashed after rectification of returns or reprocessing. Example: Consider A buying property worth Rs 1 crore from B in May 2024 and deducting TDS at 1 per cent (Rs 100,000). If B's PAN was inoperative, A was liable to deduct TDS at 20 per cent (Rs 20,00,000), resulting in a tax demand of Rs 19 lakh. 'According to the new circular, A will no longer be required to pay this demand if B's PAN becomes operative by September 30, 2025,' explains Mehta. No penalty or interest if PAN is updated 'If the payee links PAN with Aadhaar within the prescribed timelines, the deductor need not pay any interest or penalty for short deduction,' adds Mehta. What should taxpayers do now? -Verify PAN-Aadhaar linkage of employees, tenants, or sellers before making payments. -Advise payees to complete linkage promptly to avoid higher TDS/TCS rates. -Monitor compliance timelines to ensure eligibility for relief. 'This proactive step is critical for employers, landlords, property buyers, and small businesses to stay out of trouble,' says Mehta.

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