ITR Filing News LIVE Updates: Will the ITR due date 2025 be extended? Check penalties, portal errors, and refund delays

If you are a senior or super senior citizen, you can submit Form No. 15H as a self-declaration to your deductor, confirming that your estimated tax liability for the financial year is zero. Once this declaration is accepted, the deductor will not deduct TDS (Tax Deducted at Source) from your income.

For instance, if your total income under the new tax regime in AY 2026-27 is ₹12 lakh, and after applying the rebate available under Section 87A your tax liability comes to ‘Nil’, you are eligible to file Form 15H. Doing so ensures that no TDS will be deducted on the interest you earn from fixed deposits.

“Accurate income reporting is not just a compliance requirement — it’s essential to avoid serious financial, legal, and reputational risks. Under the Indian Income Tax Act, underreporting or misreporting income can lead to multiple consequences, ranging from extra tax and interest to penalties, notices, and even prosecution,” according to CA Shefali Mundra, Tax Expert at ClearTax.

Under Section 80GGC, taxpayers are eligible to claim deductions for contributions made to political parties or electoral trusts. The latest ITR forms now feature a separate Schedule 80GGC, where these contributions must be reported.

To claim the deduction, you need to provide specific details, including the date of contribution, the amount donated with a clear split between cash and other payment modes, the eligible contribution amount, the transaction reference number in case of UPI, cheque, IMPS, NEFT, or RTGS, and the IFSC code of the bank from which the payment was made.

“Today, it took us longer than one hour to download AIS and TIS in some cases. I believe the due date should be extended since more than 2 crore taxpayers have yet to file their tax returns,” says Chirag Chauhan, a Mumbai-based chartered accountant and founder of CA Chauhan & Company.

On the other hand, CA Pratibha Goyal, partner at PD Gupta & Company, advises taxpayers not to delay filing. “One should not wait for the last date to file your ITR. Still, if you have to do it in the last minute, please don’t panic. Chaos makes more mistakes. Make sure that you choose the right form. Verify data from AIS/ 26-AS and pay tax if any. You can also take the help of a tax professional if required.”

Avinash Polepally, Business Head at ClearTax, “The release of ITR 1 form in June this year has set a strong precedent, with filings happening much earlier than expected compared to last year. Typically, we see ITR 1 filers wait until closer to the deadline, but this year, the longer availability of the form has significantly accelerated their filing process, thus indicating proactiveness in taxpayers.”

“Despite delays in the release of ITR 2 and ITR 3 forms, ClearTax has witnessed an impressive 300% growth in filings for these forms over the past three weeks alone,” he said.

“Overall, the momentum has been remarkable. We are currently seeing a consistent 150% growth week-on-week. With about half of the total filers having already completed their filings, it’s evident that an extension is not likely to occur. Through internal trends, we see that most of the taxpayers are likely to adhere to the existing timelines,” Polepally added.

Under Section 80TTB of the Income Tax Act, 1961, senior citizens can claim a deduction on the interest earned from bank deposits, including fixed deposits. This benefit applies only to resident senior citizens in India who are 60 years or above at any time during FY 2024-25.

On X, CA Chirag Chauhan claimed that the Income Tax portal had been down for more than an hour, urging the government to immediately extend the due dates for ITR and TAR filing. He also tagged Finance Minister to step in and take action.

Meanwhile, the official handle of Income Tax India responded to another user dismissing outage concerns. The department clarified:

“The e-filing portal is working fine. May we request you to try again after clearing the browser cache or try using a different browser. Should you still encounter any issues, please share your details (along with PAN & your mobile number) at orm@cpc.incometax.gov.in. Our team will contact you.”

As per the Income Tax e-Filing portal data till 12 September 2025, over 5.95 crore ITRs have been filed. Out of these, more than 5.51 crore returns have been verified, and nearly 3.78 crore verified ITRs have already been processed by the Income Tax Department.

After you file your ITR, the Income Tax Department sends an ITR intimation under Section 143(1). This is basically a confirmation on whether the details you submitted match their records.

The intimation will clearly tell you one of three things:

. Your return has been accepted as filed.

. You are eligible for a tax refund.

. You need to pay additional tax.

This notice is usually sent to your registered email ID from donotreply@incometaxindiaefiling.gov.in or noreply@cpc.gov.in. You can also log in to your income tax e-filing portal to download the same.

If you are investing in the National Pension System (NPS) and opting for the old tax regime, you can claim attractive deductions:

Section 80CCD(1): You can claim a deduction of up to 10% of your salary (Basic + DA). This falls within the overall ₹1.5 lakh limit allowed under Section 80CCE.

Section 80CCD(1B): On top of that, you can claim an additional deduction of up to ₹50,000, which is over and above the ₹1.5 lakh ceiling under Section 80CCE.

In short, NPS lets you reduce your taxable income by up to ₹2 lakh every year when you combine both sections.

Section 80C: Claim up to ₹1.5 lakh deduction through PPF, ELSS, tax-saving FDs, and more.

Section 24(b): Get up to ₹2 lakh deduction on home loan interest for self-occupied property; full interest allowed for let-out property.

Section 80D: Save on health insurance premiums, extra benefit if parents are senior citizens, plus ₹5,000 for preventive check-ups.

HRA Exemption (Sec 10(14)): Tax relief on house rent allowance based on salary, rent paid, and city of residence.

Section 234F: Penalty for late ITR filing, ₹1,000 if income is below ₹5 lakh, ₹5,000 if above.

As both houses of Parliament pass the Promotion and Regulation of Online Gaming Bill 2025 to ban money-based games, any income or loss from such games during FY25 still needs to be adjusted while filing your income tax return.

“If you’ve earned winnings through online gaming platforms during FY 2024‑25, these must be reported under ‘Income from Other Sources’ in your Income Tax Return. Tax law mandates that all online gaming winnings are taxable at a flat rate of 30% under Section 115BBJ, with TDS deducted at the same rate under Section 194BA of the Income Tax Act, 1961,” according to CA Shefali Mundra, tax expert at Clear Tax.

“Any TDS deducted will appear in Form 26AS (via a Form 16A) and must be reflected under the Schedule TDS section in your ITR,” Mundra added.

For FY 2024-25, the new tax regime is the automatic choice unless you specifically opt for the old one while filing your return. But here’s the catch, if you miss the due date and end up filing a belated ITR, you can only file under the new regime, losing the option to claim old-regime deductions and exemptions.

If your ITR is marked “defective” under Section 139(9), it isn’t game over, but you need to act quickly. Typical triggers are missing info (like PAN), wrong ITR form, mistakes in salary/tax declarations, mismatches with Form 16/26AS, or failure to e-verify. Once the defect notice lands, you’ve got 15 days to correct it. If needed, you can request more time from the assessing officer.

Fixing the defect means submitting a revised return, attaching proof, verifying it properly, otherwise your return could be treated as if you didn’t file at all, inviting penalties, loss of carry-forward benefits, or interest on unpaid tax.

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Many taxpayers and industry bodies have urged the Income Tax Department to push the ITR filing deadline further. However, so far, there has been no official confirmation of another extension.

This year, the original due date of July 31 was already extended to September 15, mainly because the ITR forms were released late. The delay happened as the forms had to be reworked in line with the Interim Budget 2024’s capital gains tax changes, which took extra time to integrate.

For now, taxpayers should continue filing without waiting for another extension, since no fresh announcement has been made.

“From a tax perspective, shares accepted in the buyback will attract capital gains tax, depending on the shareholder’s applicable slab. Shares not accepted will remain in the shareholder’s demat account and can be held for long-term appreciation or sold in the market at prevailing prices,” said Seema Srivastava.

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If you own foreign assets such as ESOPs, overseas shares, or global investments, it is mandatory to report them correctly while filing your income tax return. A common mistake many taxpayers make is declaring foreign ESOPs under salary perquisites, instead of showing them in the Foreign Assets schedule.

Taxpayers holding foreign assets or income from outside India cannot use ITR-1. They must file ITR-2 and, in certain cases, also disclose their assets and liabilities as per the income tax rules. Accurate reporting helps avoid penalties and ensures compliance with Indian tax laws.

ITR-1, also known as Sahaj, is meant for resident individuals with a total annual income up to ₹50 lakh. You can file ITR-1 if your income sources are limited to salary or pension, along with income from one house property. Additionally, you can report long-term capital gains up to ₹1.25 lakh and agricultural income up to ₹5,000 per year.

However, taxpayers with short-term capital gains, multiple house properties, or foreign income/foreign assets are not eligible to use ITR-1. In such cases, you must opt for other ITR forms.

CA Pooja Gupta shared on X that the AIS portal has gone down once more, with OTPs failing and error messages popping up. With the ITR filing deadline almost here, taxpayers are frustrated that AIS/26AS statements remain inaccessible, calling it a “waste of time” and demanding an immediate extension.

Two BJP MPs have urged Finance Minister Nirmala Sitharaman to extend the ITR filing deadline. Bhartruhari Mahatab, MP from Cuttack and chairperson of the Parliamentary Finance Committee, wrote to the minister on behalf of the All Odisha Tax Advocates Association (AOTAA) seeking more time for filing the Tax Audit Report for AY 2025-26. Similarly, PP Chaudhary, BJP MP from Pali, Rajasthan, has requested an extension on behalf of the Tax Bar Association, Jodhpur.

Several chartered accountants have reported difficulties while filing returns due to glitches in the income tax portal. For example, CA Aditi Bhardwaj shared on X that one assessee with a disabled dependent had duly filed Form 10-IA to claim a deduction of ₹1,25,000. But during ITR filing, the acknowledgement number of the form triggered an error, blocking submission.

As of now, there is no indication that the Income Tax Department will extend the ITR filing due date for FY 2024-25. The department has not issued any official update or response regarding an extension.

Taxpayers who have still not filed their returns should act quickly, as the deadline is almost here. Filing your ITR early not only avoids last-minute rush and penalties but also ensures faster processing of refunds.

In case you notice any mismatch in your Annual Information Statement (AIS), like incorrect entries, duplicate records, or details that don’t belong to you, don’t panic. The Income Tax Department allows taxpayers to correct these errors easily.

You can submit feedback directly through the AIS portal on the e-filing website or by using the offline utility. Once your feedback is filed, the system updates the AIS accordingly, ensuring your ITR is filed with accurate information.

If your income tax refund has not been credited yet, it could be due to these common reasons:

. Your bank account is not pre-validated (mandatory for refunds).

. Mismatch in name between your bank account and PAN details.

. Invalid IFSC code entered in bank details.

. The bank account mentioned in ITR is closed or inactive.

. PAN not linked with Aadhaar – if inoperative, refunds will not be processed until linking is done.

Always ensure your bank details are correct, account is active, and PAN is linked with Aadhaar to avoid refund delays.

Step 1: Visit www.incometax.gov.in and log in using your PAN and password. Make sure your PAN is linked with your Aadhaar. If not, use the Link Now option to complete the linking.

Step 2: On the top menu, click on Services → Know Your Refund Status.

Step 3: Go to the e-File tab, choose Income Tax Returns, and then select View Filed Returns.

Step 4: The refund status for the selected Assessment Year will be displayed instantly on your screen.

The demand for an ITR deadline extension is exploding on social media. The hashtag #extend_due_dates_immediately has already crossed nearly 7,000 posts, as taxpayers vent their frustration over portal glitches and filing hurdles.

Adding to the chorus, another CA has taken to X to complain about the Income Tax portal’s failure during peak season. Calling the system “painfully slow,” he urged the Finance Ministry to step in and extend the filing deadline without delay.

Tax rules for cryptocurrencies in India have been tightened. All virtual digital asset (VDA) transactions, sell-offs, spot trades, P2P transfers, must be listed scrip-by-scrip under Schedule VDA. Gifts, airdrops, staking rewards go under Income from Other Sources unless sold later (then VDA).

Futures settled in rupees are treated as business income and reported in ITR-3. You’ll need to use either ITR-2 or ITR-3 and fill both Schedule VDA and Schedule CG. Losses from VDAs can’t offset your taxes, they simply don’t count.

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First, choose between the old and new tax regime based on deductions, using last year’s regime by default can cost you if your deductions are modest.

Second, correctly calculate LTCG: from July 23, 2024 a new 12.5% rate applies (not the old 10%).

Third, report foreign assets properly, in many cases foreign ESOPs are misreported under salary perquisites instead of under the foreign assets schedule, and if you have foreign assets you need to use ITR-2 and disclose assets & liabilities.

Fourth, don’t omit relevant details: being a company director, holding unlisted shares or securities, etc., must be disclosed; choosing the wrong ITR form (for example using ITR-4 incorrectly) can lead to wrong returns.

If you have a demat account, any profits from selling securities, stocks, mutual funds, bonds etc., are taxable, whether short-term (if sold within a year) or long-term (if held over a year).

Short-term gains are taxed at your slab rate plus a Securities Transaction Tax (STT) of 15%. Long-term gains above ₹1 lakh are taxed at 10%. Dividends are taxed according to your regular tax slab, with companies deducting tax at 10% for amounts over ₹5,000 (if PAN is provided), or 20% without PAN. Interest income from debt securities also must be declared.

When filing, you’ll need statements from your broker or depository participant, link your PAN and Aadhaar, validate your demat account, and use the right ITR form: ITR-1 if no capital gains, ITR-2 if you have gains but no business income, or ITR-3 if trading is your business.

. If you are logged out, log into your account on the official income tax website.

. Navigate to My Account — View Returns / Forms — Enter PAN details — choose Income Tax Returns — Click Submit.

. A window will open showing all your filed ITRs and ITR-V acknowledgement, which you can Click to open and then Download as a PDF.

While the last date to file the income tax return for FY 2024-25 is 15 September, the I-T department has enabled the application for condonation of delay under section 12A in filing of Form 10A at the e-filing portal. For the uninitiated, if a condonation request is accepted, there wouldn’t be any need to pay any additional tax, penalty, or interest.

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“Non-filing can lead to a fee under section 234F of up to ₹5,000 ( ₹1,000 if income < ₹5 lakh) and, for foreign assets/income, penalties up to ₹10 lakh under the Black Money Act. Thus, even in the absence of a direct tax liability, filing becomes a legal necessity. Filing also helps as income proof for loans, credit limits, insurance coverage, visas, claim settlements, and faster TDS/TCS refunds,” says O P Yadav, Tax Evangelist, Prosperr and Former Principal Commissioner of Income-Tax.

According to the latest Income Tax Department data, more than 5.47 crore Income Tax Returns have already been filed on the I-T portal till September 11, 2025. Out of these, 5.14 crore ITRs have been successfully verified, and nearly 3.66 crore returns have already been processed.

The Income Tax Department has confirmed that the ITR filing due date for AY 2025-26 has not been extended by the Central Board of Direct Taxes (CBDT). Despite widespread rumors on social media and repeated demands from tax professionals for an extension of ITR filing and tax audit deadlines, no official notification has been issued.

Planning to stick with the old tax regime this year? Don’t forget, you’ll need additional documents handy while filing your ITR. For example, if you’re claiming deductions under Section 80D for health insurance premiums, you must keep details like your health policy number, insurer name, and premium payment receipt ready. Section 80D allows deductions of up to ₹25,000 for self and family, and up to ₹50,000 for senior citizens.

Many taxpayers are unsure if they can change their tax regime while filing ITR 2025. The rules are simple:

Salaried individuals without business income can switch between old and new tax regimes directly while filing ITR. No Form 10-IEA is required.

Taxpayers with business income or those trading in futures & options (F&O) must file Form 10-IEA to change their regime.

From F 2024-25 onwards, the new tax regime is the default option, unless you specifically opt for the old regime.

A viral claim this tax season says you don’t need to pay tax if your income is below ₹12 lakh. That’s completely false. For FY 2024-25 (AY 2025-26), you must file ITR if your income crosses the basic exemption limit:

₹3 lakh under the new tax regime

₹2.5 lakh under the old tax regime

Don’t get misled by rumours. File your ITR on time and with accurate details to avoid penalties and refund delays.

Choosing the wrong form can make your return invalid and delay your refund.

Salaried employees: ITR-1 or ITR-2

Business owners & professionals: ITR-3 or ITR-4

Companies, LLPs & firms: ITR-5, ITR-6 or ITR-7

Taxpayers filing their ITR for AY 2025-26 must be extremely cautious, as misreporting or underreporting any income or deductions can lead to serious consequences. The Income Tax Department can impose a penalty of up to 50% of the tax payable for under-reporting and a massive 200% penalty for misreporting income.

In extreme cases, where deliberate tax evasion is detected, the department may also initiate prosecution, which can result in further legal action. To avoid these harsh penalties, it is crucial to accurately disclose all income sources, deductions, and exemptions while filing your ITR before the due date.

Waiting for an extension can backfire. File your ITR on time to avoid last-minute stress, interest, or penalties. Early filing also means quicker refunds and one less worry on your plate, even if the government later decides to give extra days.

Not all taxpayers need to meet the September 15, 2025 deadline. For individual taxpayers and salaried employees (no audit required), the last date is September 15, 2025. For businesses and professionals requiring audit, the ITR deadline is October 31, 2025. For companies with transfer pricing reports, the due date extends to November 30, 2025.

The Income Tax Department has fixed different ITR filing dates for taxpayers in 2025. Individual taxpayers whose accounts are not subject to audit must file their returns by 15 September 2025. For businesses and professionals requiring an audit, the extended ITR filing deadline is 31 October 2025.

Tax experts warn that rushing to file ITR before the September 15, 2025 deadline can lead to costly errors. Entering wrong income details, missing deductions, or failing to complete e-verification may result in an invalid ITR and hold up your tax refund. Experts advise taxpayers to file carefully and avoid technical mistakes under deadline pressure.

CA Atul Modani noted that only 5.47 crore returns have been filed so far for FY 2024-25, compared to 7.28 crore by the same date last year, a shortfall of 1.8 crore filings. With just few days left until the September 15 deadline, he attributed the slowdown to delayed ITR form releases and persistent portal glitches, urging authorities to step in and ease the burden on taxpayers and professionals.

With only days left for the Income Tax Return deadline 2025, experts are warning taxpayers not to wait until the last day. CAs report that the income tax portal is already showing signs of overload, raising fears of massive disruptions if millions attempt to file on September 15. Growing portal glitches and a shortfall in returns filed have intensified calls for an ITR deadline extension in 2025.

CA Anupam Sharma shared on X, urging FM Nirmala Sitharaman to extend the ITR filing deadline from September 15 to September 30, 2025. He pointed to delayed ITR utilities, frequent portal glitches, AIS data mismatches, and overlapping statutory deadlines. Tax professionals argue the extension is essential for accurate compliance and to ease the burden on both taxpayers and CAs.

The ITR filing deadline for AY 2025-26 is September 15, 2025. Missing it attracts a late fee of ₹5,000, reduced to ₹1,000 if income is below ₹5 lakh. In addition, interest under Sections 234A, 234B, and 234C applies on delayed payments. Late filing also delays refunds. Experts urge taxpayers to file early instead of waiting for an extension.

Despite growing number of appeals for an ITR deadline extension, experts hope the current deadline of 15 September, 2025 date would not be pushed further. The government has already granted a 46-day grace period beyond the original July 31 deadline. With 5.3 crore returns filed, the pace matches previous years, indicating no urgency for an extension. Taxpayers are advised to file promptly and not rely on further relief.