FY25 ITR Filing Deadline is Today on September 15: File Return to Avoid Penalties Up to ₹5,000

The extended deadline for filing Income Tax Returns (ITR) for the financial year 2024–25 (assessment year 2025–26) is today September 15, 2025.

Despite multiple glitches reported on the income tax e-filing portal, such as intermittent access issues and trouble downloading the Annual Information Statement (AIS) or Form 26AS, taxpayers are advised not to delay further. If you haven’t filed your ITR yet, it’s best to complete the process now to avoid last-minute complications.

Missed the Deadline? You Still Have a Second Chance

If you're unable to file your return by September 15, all is not lost. The Income Tax Act allows you to submit a belated return under Section 139(4) by December 31, 2025. According to the provision, anyone who fails to file within the original or extended timeline can still do so three months before the end of the relevant assessment year, or before completion of the assessment, whichever comes earlier. However, filing after the due date comes at a cost, both monetary and procedural.

Consequences of Missing the Due Date

• Late Filing Fee

1. ₹5,000 under Section 234F
2. Capped at ₹1,000 for taxpayers with total income below ₹5 lakh

• Loss of Tax Benefits

1. Capital losses from equity, mutual funds, or real estate cannot be carried forward if the return is filed late.
2. Taxpayers opting for the old tax regime lose the ability to claim certain exemptions and deductions if the return is not filed by the due date.

Also Read: ITR Filing FY25 Deadline Nears: Portal Glitches; ITRs Still Pending as Deadline Looms

Key ITR Deadlines to Note

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.