ITR Filing: It is necessary for every taxpayer in India to file his Income Tax Return (ITR) on time. For this, the government set a time limit every year. This year, this deadline for non-audit taxpayers is September 15 i.e. today. That is, the taxpayers who do not need to audit their accounts, will have to fill their ITR for FY 2024-25 today.

Now the question comes that what will happen if you miss this deadline? There is often confusion in taxpayers about what will be the results of filing returns after the time limit is exceeded? Today we are going to give you information about this.

Will you be able to file returns after 15 September?

The answer is yes, you can still enter your ITR late, but before doing so you have to understand certain conditions, punishments and restrictions. Of course, taxpayers can file their ITR even after the due date. The Income Tax Department gives this option so that people who have missed the time limit can also get a chance to give information about their income and pay taxes properly. However, there are some disadvantages of late ITR filing.

Fine for filing late returns

If you miss the deadline, you may have to pay a fine under Section 234F of the Income Tax Act.

• If your total income is more than Rs 5 lakh, then the fine can be up to Rs 5,000.
• If the income is less than Rs 5 lakh, then the fine is Rs 1,000.

This penalty is imposed while filing your delayed returns. In addition to jurma, you will also have to pay interest on the dues. It is imposed under section 234A. Its calculation is usually done at the rate of 1 percent per month from the due date of filing the return and the date of payment.

No discount will be available

One of the biggest disadvantages of filing late returns is that the facility of exemption received also ends. This provision comes under section 139 (1) of the Income Tax Act. If you miss the deadline, you cannot forward the deficit (such as commercial deficit, capital deficit etc.). This means that by adjusting the previous loss, you lose the opportunity to save tax in the coming years.

Deadline to fill late returns

You can file your ITR by December 31, 2025. After this date, you cannot file your ITR for that assessment year at all. That is, you can submit late returns, but too much delay is not appropriate.

Also read:

ITR Filing: Deadline to file returns will not be increased, but big relief for these taxpayers

ITR Filing: It is necessary for every taxpayer in India to file his Income Tax Return (ITR) on time. For this, the government set a time limit every year. This year, this deadline for non-audit taxpayers is September 15 i.e. today. That is, the taxpayers who do not need to audit their accounts, will have to fill their ITR for FY 2024-25 today.

Now the question comes that what will happen if you miss this deadline? There is often confusion in taxpayers about what will be the results of filing returns after the time limit is exceeded? Today we are going to give you information about this.

Will you be able to file returns after 15 September?

The answer is yes, you can still enter your ITR late, but before doing so you have to understand certain conditions, punishments and restrictions. Of course, taxpayers can file their ITR even after the due date. The Income Tax Department gives this option so that people who have missed the time limit can also get a chance to give information about their income and pay taxes properly. However, there are some disadvantages of late ITR filing.

Fine for filing late returns

If you miss the deadline, you may have to pay a fine under Section 234F of the Income Tax Act.

• If your total income is more than Rs 5 lakh, then the fine can be up to Rs 5,000.
• If the income is less than Rs 5 lakh, then the fine is Rs 1,000.

This penalty is imposed while filing your delayed returns. In addition to jurma, you will also have to pay interest on the dues. It is imposed under section 234A. Its calculation is usually done at the rate of 1 percent per month from the due date of filing the return and the date of payment.

No discount will be available

One of the biggest disadvantages of filing late returns is that the facility of exemption received also ends. This provision comes under section 139 (1) of the Income Tax Act. If you miss the deadline, you cannot forward the deficit (such as commercial deficit, capital deficit etc.). This means that by adjusting the previous loss, you lose the opportunity to save tax in the coming years.

Deadline to fill late returns

You can file your ITR by December 31, 2025. After this date, you cannot file your ITR for that assessment year at all. That is, you can submit late returns, but too much delay is not appropriate.

Also read:

ITR Filing: Deadline to file returns will not be increased, but big relief for these taxpayers

ITR Filing Last Date: The central government has given relief to taxpayers by extending the date of this year’s Income Tax Return (ITR) filing. The last date for filing income tax returns (ITR) for the financial year 2024-25 i.e. Assessment Year 2025-26 has been extended from July 31 to September 15 so that taxpayers get longer to get more time to fill the returns without any hassle or hassle and in the last time, there is no need to participate in the last time.

This deadline has been increased due to the delay in issuing Excel-YouTality forms for ITR-1, 2, 3 and 4 forms as many changes were made in these forms this year. Due to this, the backnd system had to be upgraded, utility was re -prepared and data also had to be investigated.

Deadline may increase to file ITR

Overall, you now have only 50 days left to file ITR. In such a situation, to avoid penalty, complete the premature filing and verification processes. However, Excel utilities have not been released for ITR-5, 6 and 7 forms and apart from this, online utility of ITR-3 form is also not live. In such a situation, taxpayers are facing difficulties in filing ITRs. According to the report of Financial Express, experts believe that the Income Tax Department may increase the deadline for some time.

Will the deadline grow again?

According to FT Report, CA (Dr.) Suresh Surana says that no official information has been given for the assessment year 2025-26 to increase the time limit for filing ITR in Form 5, 6 and 7. Due to the delay in issuing online and offline filing for these forms, taxpayers will get less time to file returns.

Apart from this, Excel Utility of ITR-3 form is still available only in Excel format, JSON-based online filing option is still not present. In such a situation, the deadline may be increased for some time. However, nothing can be said about this right now. Earlier, CBDT had extended the deadline due to administrative or technical delays.

Also read:

Earning in millions or crores, do not have to pay a single rupee tax; What is the special reason for this exemption?