ITR Filing Last Date FY 2024-25 (AY 2025-26)
Filing Income Tax Returns (ITR) is a crucial obligation for
every taxpayer in India. It not only ensures compliance with tax regulations
but also involves declaring all sources of income, availing eligible
deductions, and reporting tax liabilities to the Income Tax Department. For the
Financial Year 2024–25 (Assessment Year 2025–26), the due date for non-audit
taxpayers to file their ITR is now extended to 15th September 2025. Missing
this deadline may result in interest charges under Section 234A and a late
filing fee under Section 234F. However, if the deadline is missed, taxpayers
can still file a belated return up to 31st December.
When is the Start Date to File ITR for FY 2024-25?
The ITR filing for FY 2024-25 (AY 2025-26) has started from
30th May 2025. The ITR filing process typically begins on April 1st of the
assessment year. Accordingly, for Financial Year 2024–25 (Assessment Year
2025–26), filing should have commenced on April 1, 2025. However, this year due
to significant changes introduced in the ITR forms, additional time is required
to update the filing utilities and implement necessary system enhancements.
This has led to extended timelines for system development, integration, and
testing. As a result, the ITR filing process is now expected to begin in June.
Note: As per the latest CBDT Notification, the date for
sending intimation under section 143(1) relevant to ITR filed for AY 2023-24(FY
2022-23) has been extended to 25 November 2025, which was initially 31 December
2024.
When is the Last Date to File ITR?
The last date to file ITR for FY 2024-25 (AY 2025-26) has
been extended to 15th September 2025 from the original date of 31st July 2025
for non-audit taxpayers. However, if you miss filing on this deadline you can
file a belated return by 31st December 2025 with penalties and interest.
Income Tax Filing Due Dates for FY 2024-25 (AY 2025-26)
Consequences of Missing the ITR Filing Deadline
Interest
If you submit your return after the deadline, you will be
liable to pay interest at a rate of 1% per month or part month on the unpaid
tax amount as per Section 234A.
Late fee
In case of late filing, Section 234F imposes a late fee of
Rs.5,000, if your total income exceeds Rs. 5 Lakh.
Rs.1,000, if your total income is within Rs.5 lakh
Loss Adjustment
In case you have incurred losses from sources like the stock
market, mutual funds, properties, or any of your businesses, you have the
option to carry them forward and offset them against your income in the
subsequent year. This provision substantially reduces your tax liability in
future years. However, you will not be allowed to carry forward these losses if
you miss filing your ITR before the deadline.
What if ITR Filing is Missed?
Worried that you missed the due date for filing ITR? You can
still file ITR in the following ways.
Belated Return
If you miss the ITR filing due date, you can file a return
after the due date, called a belated return.
However, you will still have to pay the late fee and
interest charges, and you will not be allowed to carry forward any losses for
future adjustments.
You can still claim deductions and exemptions while filing
belated returns.
The last date for filing a belated return is 31st December
of the assessment year (unless extended by the government).
Source - Cleartax
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