ITR Filing 2025 Live: How Long Does A Refund Take
Generally, it takes around four to five weeks for tax refunds, if any, to be credited to the account of the taxpayer after the ITR filing. For FY25, the ITR filing deadline for taxpayers who don’t need a tax audit has been extended to Sept. 16.
ITR Filing 2025 Live: ITR Deadline Extended Second Time
Earlier, the Central Board of Direct Taxes (CBDT) had extended the original July 31 deadline to Sept. 15 due to changes in ITR forms and Excel utilities. Then CBDT extended the dealine again to Sep. 16 after many tax filers companied about Income tax website not working due to glitches
ITR Filing 2025 Live: Penalty For Late ITR Filing
1. If the Income Tax Return is not filed by Sept. 15, a late fee of up to Rs 5,000 may be levied. However, for taxpayers with a total income below Rs 5 lakh, the penalty is limited to Rs 1,000.
2. Taxpayers who miss the deadline will be liable to pay interest at 1% per month (or part thereof) on any unpaid tax amount until they file their return after missing the deadline.
3. Filing after the due date may lead to the loss of certain benefits, such as the ability to carry forward losses (except house property losses) and claim specific deductions under the Income Tax Act, 1961.
4. If a taxpayer fails to file their return despite having taxable income, they may face a penalty of up to 50% of the tax avoided, under the provisions of Section 270A for under-reporting or misreporting of income.
ITR Filing 2025 LIVE: Failed To File ITR? Losses Can't Be Carried Forward
Failing to file your return on time means you lose the ability to carry forward most losses, such as those from business or capital gains, to future years. The only exception is losses from house property, which can still be carried forward even if the return is filed late.
ITR Filing 2025 LIVE: Sep. 16 Deadline Applies To These Groups
The Sept. 16 deadline applies to individuals, Hindu Undivided Families (HUFs) and entities not subject to tax audit. This includes salaried individuals, pensioners, landlords and investors with capital gains, and small businesses or professionals opting for the presumptive taxation scheme (Sections 44AD, 44ADA, 44AE).
ITR Filing 2025 LIVE: Guide To File Returns In Event Of Multiple Income
As the deadline for Income Tax Return filing for financial year 2024–25 and AY 2025–26 is approaching fast, many taxpayers with income from multiple sources could be facing difficulty due to the complexity of tax computation.
The income from multiple sources, such as investments, capital gains, rental properties and multiple employers, should be declared properly in the ITR filing to avoid notices
Read more about it here
ITR Filing 2025 LIVE: Users Still Complaining About Tech Glitch
Taxpayers on social media platform X are still complaining of glitches in the income tax e-filing portal while filing their returns. One user wrote, "No benefit of extending the deadline. Please extend it further."
ITR Filing 2025 LIVE: Check Penalty Below
Taxpayers who fail to file by Sep. 16 risk penalties of up to Rs 5,000 (capped at Rs 1,000 for individuals with income up to Rs 5 lakh), interest on outstanding tax dues, and delays in refund processing.
ITR Deadline 2025: Extension Due To Tech Glitch
The Income Tax Department on Monday said more than seven crore tax returns have been filed so far, amid netizens complaining of glitches on the portal and demanding an extension. The e-filing portal faced huge traffic as the deadline for filing ITRs approached its end.
ITR Deadline 2025: Deadline Today After One Day Extension
The Income Tax Department gave an extension on Monday and now the deadline to file income tax returns or ITRs is September 16, 2025. With this, the taxpayers now have less than 24 hours to file their ITRs.
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