• Source:JND
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ITR Filing 2025 Deadline: With the income tax return (ITR) filing deadline just around the corner set for September 15, 2025, many taxpayers are rushing to file their returns. But what if you miss the cut-off? There are some serious consequences to keep in mind.

First, you’ll face a late filing fee up to Rs 5,000 if your total income exceeds Rs 5 lakh, though this is reduced to Rs 1,000 for those earning below that threshold. On top of that, any unpaid taxes will start attracting interest at 1 per cent per month. What’s more, you lose the ability to carry forward certain losses, like those from your business or capital markets. Refunds, if you’re expecting any, will likely be delayed. Lastly, failing to file on time could put you on the radar of the Income Tax Department, which may lead to increased scrutiny or notices down the road. So, if you haven’t filed yet, it’s crucial to act quickly.

ITR Filing Nears Its End: 2025 Deadline Looms

As of September 12, over 5.48 crore income tax returns have been filed still trailing last year’s figure of 7.6 crore by the original July 31 deadline. The delay this year is largely due to late issuance of ITR forms, which were revised to reflect the updates announced in the interim Budget 2024, particularly around capital gains taxation. Because of this, the government pushed the original July 31 deadline to September 15 for non-audit taxpayers. Now, with just days left, many are still scrambling to complete their filings.

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Will Deadline Be Extended Again?

Multiple professional associations and tax practitioner groups have urged the government to grant another extension. Their main concern? Technical glitches and performance issues on the income tax e-filing portal, which they say are making it difficult for taxpayers to complete the process smoothly. However, as of now, the Income Tax Department hasn’t made any announcement regarding another deadline shift. So, unless there’s a last-minute change, September 15 remains the final date for most individual taxpayers.

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Who Must File By September 15?

This deadline applies to non-audit taxpayers primarily salaried individuals, pensioners, NRIs, and others who aren’t required to have their accounts audited. If you fall into this category and haven’t filed yet, September 15 is your absolute last chance to avoid penalties and other hassles.

Meanwhile, those whose income requires an audit have until September 30, 2025 to file their audit reports and until October 31, 2025 to file their ITR. For individuals or businesses involved in international or specified domestic transactions requiring a transfer pricing report, the deadline extends further to November 30, 2025.