{"id":6291,"date":"2025-08-07T10:21:48","date_gmt":"2025-08-07T04:51:48","guid":{"rendered":"https:\/\/www.akgvg.com\/blog\/?p=6291"},"modified":"2025-08-07T10:23:11","modified_gmt":"2025-08-07T04:53:11","slug":"itr-filing-deadline-alert-extended-for-fy-2024-25","status":"publish","type":"post","link":"https:\/\/www.akgvg.com\/blog\/itr-filing-deadline-alert-extended-for-fy-2024-25\/","title":{"rendered":"ITR Filing Deadline Alert: Extended for FY 2024\u201325"},"content":{"rendered":"<p>Relief has been given to the taxpayers by the Income Tax Department wherein some time has been given in filing the Income Tax Returns (ITRs) of the financial year 2024-25. The subsequent deadline of non-audit cases has been moved to September 15, 2025, instead of the previous one, that of July 31, 2025. The extension will offer more time to individual taxpayers and small-scale businesses to arrange records, resolve balancing cases and accurately file their returns.<\/p>\n<p>One should understand, nevertheless, that although the filing deadline will be extended, any self-assessment tax obligations will have to be paid by July 31, 2025. Otherwise, there could be implications under section 234A that might cause one to pay interest resulting in a penalty.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.akgvg.com\/blog\/itr-filing-deadline-alert-extended-for-fy-2024-25\/#Late_filing_penalties_still_apply\" >Late filing penalties still apply<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.akgvg.com\/blog\/itr-filing-deadline-alert-extended-for-fy-2024-25\/#Why_the_deadline_was_extended\" >Why the deadline was extended<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.akgvg.com\/blog\/itr-filing-deadline-alert-extended-for-fy-2024-25\/#Refund_and_interest_consideration\" >Refund and interest consideration<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.akgvg.com\/blog\/itr-filing-deadline-alert-extended-for-fy-2024-25\/#ITR_filing_checklist_What_to_keep_ready\" >ITR filing checklist: What to keep ready<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.akgvg.com\/blog\/itr-filing-deadline-alert-extended-for-fy-2024-25\/#1_PAN_Aadhaar_and_Bank_Details\" >1. PAN, Aadhaar and Bank Details<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.akgvg.com\/blog\/itr-filing-deadline-alert-extended-for-fy-2024-25\/#2_Form_16\" >2. Form 16<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.akgvg.com\/blog\/itr-filing-deadline-alert-extended-for-fy-2024-25\/#3_Form_26AS_and_AIS\" >3. Form 26AS and AIS<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.akgvg.com\/blog\/itr-filing-deadline-alert-extended-for-fy-2024-25\/#4_Interest_Certificates\" >4. Interest Certificates<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.akgvg.com\/blog\/itr-filing-deadline-alert-extended-for-fy-2024-25\/#5_Capital_Gains_Details\" >5. Capital Gains Details<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.akgvg.com\/blog\/itr-filing-deadline-alert-extended-for-fy-2024-25\/#6_Rental_Income_and_Property_Details\" >6. Rental Income and Property Details<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.akgvg.com\/blog\/itr-filing-deadline-alert-extended-for-fy-2024-25\/#7_Proofs_of_Investment\" >7. Proofs of Investment<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.akgvg.com\/blog\/itr-filing-deadline-alert-extended-for-fy-2024-25\/#8_Business_or_Freelance_Income_Details\" >8. Business or Freelance Income Details<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.akgvg.com\/blog\/itr-filing-deadline-alert-extended-for-fy-2024-25\/#9_Foreign_Assets_and_Income\" >9. Foreign Assets and Income<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Late_filing_penalties_still_apply\"><\/span><strong><b>Late filing penalties still apply<\/b><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Taxpayers are strongly advised to file within the new deadline to avoid penalties. If returns are filed after September 15, 2025, the following late filing penalties will apply under Section 234F:<\/p>\n<ul>\n<li>\u20b95,000 for those with taxable income above \u20b95 lakh<\/li>\n<li>\u20b91,000 for those with income below \u20b95 lakh<\/li>\n<\/ul>\n<p>Additionally, the last date for filing belated or revised returns has been set as December 31, 2025, and updated returns can be filed until March 31, 2030, under Section 139(8A), if necessary.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_the_deadline_was_extended\"><\/span><strong><b>Why the deadline was extended<\/b><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The decision to extend the filing deadline was made due to several technical and administrative delays:<\/p>\n<p>Late release of updated ITR forms and e-filing utilities<\/p>\n<p>Delayed reporting of Tax Deducted at Source (TDS) entries in Form 26AS and the Annual Information Statement (AIS)<\/p>\n<p>Limited availability of updated offline utilities for taxpayers preferring manual or assisted filing<\/p>\n<p>To make the process easier, the Income Tax Department has launched a new **Excel-based offline utility for ITR-1 and ITR-4, allowing users to create and upload JSON files with greater convenience.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Refund_and_interest_consideration\"><\/span><strong><b>Refund and interest consideration<\/b><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Those expecting a tax refund should note that interest under Section 244A accrues from April 1 of the assessment year, irrespective of the filing date. Taxpayers could earn up to 33% interest annually on delayed refunds, depending on when they file. However, this interest is taxable and must be declared in the ITR.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"ITR_filing_checklist_What_to_keep_ready\"><\/span><strong><b>ITR filing checklist: What to keep ready<\/b><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>To ensure smooth and error-free filing, here\u2019s a checklist of what you should prepare before starting your ITR process:<\/p>\n<h3><span class=\"ez-toc-section\" id=\"1_PAN_Aadhaar_and_Bank_Details\"><\/span><strong><b>1. PAN, Aadhaar and Bank Details<\/b><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Make sure your PAN is connected with Aadhaar and your bank account gets pre-validated, so the refunds are faster.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_Form_16\"><\/span><strong><b>2. Form 16<\/b><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>In case you are a salaried worker, avail form 16 at the office of your employer to know about salary and TDS information.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"3_Form_26AS_and_AIS\"><\/span><strong><b>3. Form 26AS and AIS<\/b><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Verify the tax deducted and any other monetary dealings using form 26AS and the Annual Information Statement (AIS).<\/p>\n<h3><span class=\"ez-toc-section\" id=\"4_Interest_Certificates\"><\/span><strong><b>4. Interest Certificates<\/b><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Add interest received on savings bank accounts, FD or any other bank or NBFC fixed deposits.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"5_Capital_Gains_Details\"><\/span><strong><b>5. Capital Gains Details<\/b><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Maintain records of sale of stocks, mutual funds or real estate. Cost of acquisition, improvement and transaction fees.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"6_Rental_Income_and_Property_Details\"><\/span><strong><b>6. Rental Income and Property Details<\/b><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>In case you own a second house or get a house rent income, make an accurate income with a mention of municipal taxes and interest on home loan (paid or not).<\/p>\n<h3><span class=\"ez-toc-section\" id=\"7_Proofs_of_Investment\"><\/span><strong><b>7. Proofs of Investment<\/b><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The documents for to tax-saving investments under Section 80C, 80D, or 80G (LIC, PPF, health insurance, donations, etc.) must be kept ready for any verification.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"8_Business_or_Freelance_Income_Details\"><\/span><strong><b>8. Business or Freelance Income Details<\/b><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>If you are self-employed or a freelancer, be sure to track all your profit and loss statements.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"9_Foreign_Assets_and_Income\"><\/span><strong><b>9. Foreign Assets and Income<\/b><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>If your income originates from foreign, disclose the same along with bank accounts, or assets as required under Schedule FA.<\/p>\n<p><strong><b>This content is meant for information only and should not be considered as an advice or legal opinion, or otherwise.\u00a0<\/b><\/strong><a href=\"https:\/\/www.akgvg.com\/\"><strong><u><b>AKGVG &amp; Associates<\/b><\/u><\/strong><\/a><strong><b>\u00a0does not intend to advertise its services through this.<\/b><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Relief has been given to the taxpayers by the Income Tax Department wherein some time has been given in filing the Income Tax Returns (ITRs) of the financial year 2024-25. The subsequent deadline of non-audit cases has been moved to September 15, 2025, instead of the previous one, that of July 31, 2025. The extension&#8230;<\/p>\n","protected":false},"author":1,"featured_media":6292,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[397],"tags":[1744,882,885,837,884,838,1743,1740,1741,1742,883,44],"class_list":["post-6291","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-taxation-regulory-services","tag-best-itr-filing-consultant-direct-tax","tag-filling-itr","tag-importance-of-itr","tag-income-tax-return","tag-income-tax-return-filling","tag-itr","tag-itr-filing-consultant-in-bangalore","tag-itr-filing-consultant-in-delhi","tag-itr-filing-consultant-in-india","tag-itr-filing-consultant-in-mumbai","tag-penalty-of-itr","tag-tax"],"_links":{"self":[{"href":"https:\/\/www.akgvg.com\/blog\/wp-json\/wp\/v2\/posts\/6291","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.akgvg.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.akgvg.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.akgvg.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.akgvg.com\/blog\/wp-json\/wp\/v2\/comments?post=6291"}],"version-history":[{"count":1,"href":"https:\/\/www.akgvg.com\/blog\/wp-json\/wp\/v2\/posts\/6291\/revisions"}],"predecessor-version":[{"id":6293,"href":"https:\/\/www.akgvg.com\/blog\/wp-json\/wp\/v2\/posts\/6291\/revisions\/6293"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.akgvg.com\/blog\/wp-json\/wp\/v2\/media\/6292"}],"wp:attachment":[{"href":"https:\/\/www.akgvg.com\/blog\/wp-json\/wp\/v2\/media?parent=6291"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.akgvg.com\/blog\/wp-json\/wp\/v2\/categories?post=6291"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.akgvg.com\/blog\/wp-json\/wp\/v2\/tags?post=6291"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}