With the beginning of August, a big question has arisen for crores of taxpayers of the country whether the deadline for filing income tax return (ITR) can be extended this year as well? For the past few days, there has been a discussion on social media as well as among experts and tax consultants whether the government will extend the last date for ITR filing, or will the extended deadline of 15 September 2025 remain final.

What do the experts say?

For the financial year 2024-25 (assessment year 2025-26), the Income Tax Department has extended the last date for filing ITR from 31 July to 15 September 2025. The reason for this was said to be major changes in the ITR form, delay in updating the digital system and to provide a better experience to taxpayers. According to experts, this time the extension has been extraordinary, because the deadline was not extended for the last three years.

The post ITR Filing Deadline 2025: Will It Be Extended? Here’s What Experts Predict first appeared on Rightsofemployees.com.

Last date for filing ITR

For most taxpayers who are not audited, the last date to file ITR is 31 July 2025. Although the tax department has extended the timeline in some cases, it is very rare. Therefore, the advice is to file ITR before the stipulated time to avoid any delay.

What will happen if ITR is not filed on time?

If you are unable to file ITR by the due date, you will have to pay interest and penalty for late filing.

Interest will have to be paid on the outstanding tax at the rate of 1% monthly or part of the month.

If your total income is less than Rs 5 lakh, the penalty for late filing is Rs 1,000.

If your total income is more than ₹5 lakh, and you file ITR before December 31, 2025, the penalty will be ₹5,000.

Note that if you do not file ITR on time, losses from business or capital gains cannot be carried forward to subsequent years.

Deadline for audited taxpayers

For taxpayers or professionals whose accounts are audited, the last date to file ITR is October 31, 2025.

Which ITR form to choose?

There are different ITR forms for each type of taxpayer – salaried individuals, businesses, trusts, NGOs, etc. Choosing the right ITR form is important, else filing the wrong form may result in the return being rejected or a penalty being imposed.

What is Form 16 and when will it be available?

Salaried people get Form 16 from their employers when the TDS information is entered in Form 26AS. Usually, employers issue Form 16 by June 15. However, even if you do not have Form 16, you can still file ITR with the help of Form 26AS and other documents. Filing ITR on time is not only easy, but it also saves you from penalty and interest.

The post ITR Filing Deadline 2025: Know by when to file income tax return, how much penalty will be levied for delay first appeared on Rightsofemployees.com.

In fact, many times the application gets rejected due to a slight mistake. In case of mistake, you may not only have to pay penalty but may also get a notice from the tax department.

To avoid penalty, delayed refund or scrutiny by the Income Tax Department, it is important to be careful while filing your taxes.

Today we will tell you what kind of common mistakes are often made while filing income tax returns and how they can be avoided.

Prepare early to avoid last minute rush

ITR forms for FY 2024-25 are available. This means you can start preparing to file returns from now onwards. People often make mistakes in a hurry near the deadline. Due to this, they either have to file the return again or have to face a notice from the Income Tax Department.

Choosing the wrong form

One of the common mistakes people make while filing returns is selecting the wrong ITR form. There are seven different forms for different income and taxpayer categories. If you do not select the right form, your return will be invalid and you will have to file ITR again.

For example, if you are employed and you have filled ITR-3 or ITR-5 form, which is for those having business or professional income, then it will become invalid and you will have to file ITR again.

You may have to pay a fine if you miss the deadline

The last date for filing ITR is 31 July 2025. If a person files the return after this date, he may have to pay a fine of up to Rs 10,000. Not only this, if you file the return late, you will not get the benefit of tax deductions and the losses cannot be carried forward. Therefore, filing the return on time is not only legally mandatory, but it is also beneficial for you.

Disclose income from all sources

Many times people show only their main income, such as their salary or business income, while filing returns. They forget to mention income from other sources or deliberately try to hide it. Do not make this mistake as it can cost you dearly. Other incomes such as interest on savings or fixed deposits, income from rent or capital gains from mutual funds. It is important to mention income from all these sources.

If you hide such income, the tax department can easily know about it from your Form 26AS or AIS (Annual Information Statement) and can send a notice if caught.
After filing the return, its verification is also necessary

Many times people file the return but forget to verify it. Let us tell you that any return without verification is considered invalid. That means after filing the return, it is equally important to verify it. You can do the verification process online through Aadhaar OTP or net banking. Remember this step is mandatory.

Must review Form 26AS and AIS

Before filing the return, you should review your Form 26AS and AIS (Annual Information Statement). These documents show which transactions have taken place in your name and how much tax has already been deducted. If the information you have given in the form does not match with these documents, then it can immediately come to the notice of the tax department. Therefore, it is important that the information you have filled while filing the return matches with these.

The post ITR Filing 2025: Do not make these 5 mistakes while filing income tax, otherwise you may be fined first appeared on Rightsofemployees.com.