Income Tax Return Due Date Extension: With the September 15 deadline for Income Tax Return (ITR) filing just two days away, taxpayers and businesses across India are rushing to complete their submissions. Many had hoped for another ITR filing date extension or even a tax audit report extension, but the Income Tax Department has made it clear that no further relief will be provided. Individuals and businesses must complete their ITR e-filing on the official income tax portal before the deadline. Authorities warn that missing the due date will attract penalties, late fees, delayed refunds, and an increased risk of scrutiny.
Penalties and Risks for Late Filing
The Income Tax Act lays down strict consequences for delayed ITR filing. “If a taxpayer’s income exceeds Rs. 5 lakh, under Section 234F a late fee of Rs. 5,000 is imposed; for income below Rs. 5 lakh, the penalty is Rs. 1,000,” officials explained. Sections 234A, 234B, and 234C levy an interest charge of 1% per month on any outstanding dues from the original filing deadline until actual payment. Filing late also restricts taxpayers from carrying forward losses from business, capital gains, or major deductions like 80-IA and 80-IB.
“Filing your ITR late will also delay your tax refund, and there’s a higher chance of receiving notices from the Income Tax Department for mismatched records or missed income details,” the department added. Complete non-filing, even after the belated ITR window until December 31, 2025, can invite strict action, including prosecution and imprisonment in cases of substantial unpaid taxes.
Filing your tax return this year? Head to our detailed ITR Guide for everything you need to know.
How Taxpayers Can Avoid Last-Minute Hassles
Experts urge taxpayers to act immediately to avoid last-minute technical issues. Using pre-filled details and Aadhaar OTP on the income tax portal can speed up filing and reduce errors. For those who miss the September 15 deadline, filing a belated ITR by December 31, 2025 remains an option, though late fees and interest will apply. Authorities emphasize prompt action to maintain compliance and safeguard future refunds.