ITR Filing Deadline Extended: The Central Board of Direct Taxes (CBDT) has announced one-day extension for filing Income Tax Returns (ITRs) for the Assessment Year 2025-26. The new deadline is now September 16, 2025, instead of the earlier September 15 deadline.
The deadline was extended further after several users reported technical glitches on the e-filing portal, incometax.gov.in.
“To facilitate further filings of ITRs, the due date has been extended by one day (16th September 2025),” the CBDT said in a press release late on September 15.
This is the second such extension of the income tax return filing deadline, wherein, the due date was pushed from the usual July 31 to September 15 deadline. Earlier, the extension was announced by the Income Tax Department to compensate for late release of ITR utilities and forms.
Key changes in ITR Forms and reporting requirements
The ITR Forms and excel utilities have been updated this year to incorporate the changes announced in the last two Budgets - 2024 and 2025. For instance, income (capital gains) earned from digital assets, like crypto, now has its own reporting slot and foreign bank account interest needs to be disclosed separately.
ITR-1 (Sahaj) and ITR-4 (Suham) have been updated to allow taxpayers to report long-term capital gains (LTCG) up to Rs 1.25 lakh, provided there is no carry forward or brought-forward capital loss.
Additionally, taxpayers need to be more careful now while claiming deductions under sections like 80C, 80D, etc. - for example, they need to put in policy numbers as well while claiming deductions for health premiums.
What are the penalties for missing the ITR deadline?
It is important to know that taxpayers who miss today’s deadline will risk paying penalties. Under Section 234A, interest will be charged on the unpaid tax by the original due date (now September 16).
Those who miss the deadline could end up:
- Paying penalties of up to Rs 5,000
- Interest on outstanding tax dues
- Facing delays in refund processing.
For those with income up to Rs 5 lakh, the penalty is limited to Rs 1,000.
Any habitual delay in ITR filing could put you under scrutiny from the Income Tax Department, which may issue notices for non-compliance. However, such notices are issued only in extreme cases, as the risk increases for taxpayers who consistently miss ITR filing deadlines.
Common Mistakes To Avoid
Many taxpayers will be rushing to file their ITRs today, now that the CBDT has extended the deadline by just one day. ITRs filing in a rush could lead to some common mistakes that can be easily avoided otherwise. Here’s what you must check while filing the ITR today:
Pick the right form as per your income and profession. There are different forms for multiple categories of taxpayers like salaried individuals, businesses, professionals, and those with capital gains.
Do not forget to report your ‘income from other sources’ such as interest earned on fixed deposits, capital gains from stocks or property, crypto gains, etc.
Cross check data from AIS/TIS and Form 26AS to ensure there is no mismatch in your reported income.
