ITR Income Tax Return Deadline Extension: The last date for filing Income Tax Returns (ITR) for individuals for the financial year 2024-25 (FY25) is September 15, after the Central Board of Direct Taxes (CBDT) extended the deadline from July 31. The September 15 deadline applies to non-audit taxpayers including individuals, Hindu Undivided Families (HUFs) and entities filing ITR 1 to 4.
This includes salaried individuals, pensioners, those earning rental income, capital gains or other income sources. It also includes small businesses and professionals filing under presumptive taxation scheme (Sections 44AD, 44ADA, 44AE).
Filing your tax return this year? Head to our detailed ITR Guide for everything you need to know.
Calls for Another Extension Grow
With just three days to go, taxpayers and accountants are demanding another extension. The reasons are glitches on the income tax portal, delays in ITR processing and difficulty in checking refund status. As per the latest update, only 6 crore ITRs have been filed so far, compared to 7.28 crore filed last year, so there will be a last minute rush.
The Advocates Tax Bar Association and Institute of Chartered Accountants of India (ICAI) have officially requested CBDT to extend the due date citing “mounting technical glitches” and “incomplete return processing”. But the Income Tax Department has not yet issued any update on another extension.
Penalty for Missing the Deadline
Taxpayers who miss the September 15 deadline will be penalised under Section 234F. Those with income above Rs 5 lakh will be charged Rs 5,000 and those with lower income will be charged Rs 1,000.
Belated or revised returns can be filed till December 31, 2025. Updated returns (ITR-U) can be filed within 48 months from the end of the relevant assessment year, i.e. till March 31, 2030. Experts advise taxpayers not to wait till the last day to avoid portal issues and ensure timely compliance.