The Central Direct Taxation Commission (CBDT) has extended the last date for paid individuals to September 30, 2025, from July 31, 2025. Due to ITR forms and electronic application for utilities delayed on the income tax department’s portal.
Many taxpayers also face problems with 26AS and AIS forms.
What should salaried taxpayers know?
However, despite the extension of the deadline, taxpayers shall pay any self-assessment tax by July 31, otherwise the criminal interest provided for in Section 234A may apply.
If the taxpayer does not file an ITR (income tax return) before the deadline, they may be required to pay a fine of Rs 5,000 (if the income exceeds Rs 5 lakh), the income under Section 234F is lower income.
For belated and revised ITRs, the last date for various taxpayers is December 31, 2025.
Also read: ITR Application 2025 Scam Alert: Did you get a tax refund email from “IT Department”? That’s why you shouldn’t come for this
Taxpayers should also be aware of this deadline before filing an ITR.
Taxpayers who sell their property, land and even stocks in fiscal 2024-25 can choose between the old system (with index) or the new system (without index).
For unproven, index benefits reduce citizens’ tax liability by adjusting the original cost of acquiring capital assets for inflation.
This means that any asset purchased after July 23, 2024 will attract taxes on its entire acquisition cost. You can reduce your income based on inflation, thereby making your tax liability expand the purchase price of the property. Read more
Receive notification after submitting an ITR? You can do this to avoid fines
Even after submitting the ITR, the income tax department can send you notifications for a variety of reasons. This is a written notice sent by the IT department to taxpayers to remind them of information about the issue. So when you receive an income tax notice, you need to take action within the deadline and try to resolve this issue as soon as possible. Read more
