Introduction
Missing the Income Tax filing deadline can lead to significant penalties and loss of deductions. As we move through FY 2024–25, here are the key due dates and implications you must be aware of to ensure smooth compliance.
Important Dates to Remember
- Individuals (Non-Audit Cases): 15 September 2025 (Extended from 31 July)
- Businesses (Audit Cases): 31 October 2025
- Belated/Revised Return: 31 December 2025
- ITR-U (Updated Return): Up to 4 years post AY (i.e., till 31 March 2030 for AY 2025–26)
Late Filing Consequences
- Penalty of up to ₹5,000 under Section 234F
- Ineligibility for certain deductions (e.g., under 80EEA)
- Loss of interest on refunds
- Higher interest under Sections 234A/B/C
Steps to File on Time
- Gather all documents: Form 16, Form 26AS, AIS, rent receipts, insurance proofs.
- Choose correct ITR form.
- Cross-verify with TDS and income data.
- File and e-verify before the due date.
Final Word
Avoid last-minute rush. If you’re uncertain about any aspect of filing, connect with a qualified CA in Andheri Mumbai to ensure your Income Tax filing is accurate, compliant, and timely.
