ITR Filing Deadline: Finance Ministry will not extend the date of September 15, this is the reason..

The Finance Ministry has recently issued a big reminder stating that the last date for filing Income Tax Return (ITR) for the financial year 2024-25 is September 15, 2025. This date will not be extended further. The government had already extended the date for filing ITR from July 31 to September 15 this year so that taxpayers get enough time to complete their tax-related work.

But now the ministry has made it clear that this is the last chance for taxpayers whose accounts are not audited. The ministry believes that the extension of 45 days is enough time for the taxpayers. Therefore, there is little hope that the government will make any further changes to the date this time. The Finance Ministry has also warned that if a taxpayer fails to file the return within this stipulated time, they may have to pay late fees or interest.

Why is it important to file income tax returns on time?

Filing income tax returns is an important legal responsibility in India. It not only gives information about your income to the government, but also deposits the tax on your behalf on time. By filing the return on time, you avoid government penalties and interest. Apart from this, filing the return also speeds up the process of getting a tax refund. Returns serve as your financial record, which helps you take loans, obtain visas, and perform other important tasks.

The government is strict on the September 15 deadline
According to a report by ET, chartered accountants said that this time the government will stick to the last date of September 15. Despite technical problems with the portal, errors in data matching, and delays in issuing the form, the government will not extend the deadline. So do not delay in filing ITR and complete your process soon.

How many taxpayers have filed returns so far?
According to the Income Tax Department website, about 5 crore returns have been filed so far for the financial year 2024-25, out of which about 4.7 crore returns have been verified, and 3.4 crores have been processed. These figures are better than previous years and show that the trend of filing taxes through digital means is increasing rapidly.

What happens if you file ITR late?

If you file income tax return after September 15, you will have to pay a late fee. Usually this fee can be up to Rs 5,000, but if your total income is less than Rs 5 lakh, then the late fee will be limited to a maximum of Rs 1,000. Apart from this, interest of 1% per month has to be paid on the outstanding tax. Therefore, filing returns on time is the best option.

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