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CBDT extends Income Tax Return filing due date for audit cases for AY 2025-26 from 31st October 2025 to 10th December 2025.
8.03cr. ITR already filed for F.Y 2024-25.
CBDT extends tax audit report due date for AY 2025-26 from 31st October 2025 to 10th November 2025
Last Date for Belated Return filing AY 2025-26 is 31.12.25
Facility for filing ITR-U for the AYs 2021-22 and 2022-23 available now.
CBDT extends Income Tax Return filing due date for audit cases for AY 2025-26 from 31st October 2025 to 10th December 2025.
8.03cr. ITR already filed for F.Y 2024-25.
CBDT extends tax audit report due date for AY 2025-26 from 31st October 2025 to 10th November 2025
Last Date for Belated Return filing AY 2025-26 is 31.12.25
Facility for filing ITR-U for the AYs 2021-22 and 2022-23 available now.

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e-Filing of income tax returns refers to the process of submitting your Income Tax Return (ITR) electronically through the official Income Tax Department portal or authorized platforms, instead of filing a physical paper return. This method is available to all taxpayers in India and has become the standard way to file returns due to its convenience, speed, and accuracy.

Benefits of e-Filing

  • Faster processing and refunds

  • Reduced paperwork and manual errors

  • Secure and accessible record-keeping

  • Mandatory for most taxpayers except certain individuals (like super-senior citizens filing ITR-1/ITR-4 in paper form)

Every Individual, including an NRI, must file an Income tax return where Gross Total Income exceeds the basic exemption limit. For old tax regimes, this basic exemption limit is 2.5 lakh and for new tax regime, this basic exemption limit is 3 lakhs for the individual filing income tax return. Senior citizens (individuals aged 60 years or above but less than 80 years) and super senior citizens (individuals aged 80 years or above) are required to file an ITR if their gross total income exceeds Rs. 3 lakhs and Rs. 5 lakhs, respectively, in a financial year.

ITR filing is important for those cases also where the income is below the exemption limit for the following conditions:-

  • Deposited an amount or aggregate of over Rs.1 crore in one or more current accounts maintained with a bank or a cooperative bank.
  • Incurred an aggregate expenditure of over Rs.2 lakh for yourself or any other person for traveling to a foreign country.
  • Incurred aggregate expenditure over Rs.1 lakh towards payment of electricity bill.
  • The sales turnover of a business exceeds Rs 60 lakh during the year.
  • Total professional gross receipts exceed Rs 10 lakh during the financial year.
  • Total TDS or TCS exceeds Rs 25,000 during the financial year. This limit is Rs. 50000 for senior citizens.
  • The amount deposited in one or more savings accounts is Rs 50 lakh or more during the financial year.
  • In India, taxpayers have several options for filing their Income Tax Return (ITR). Taxpayers can file their ITR via the income tax efiling login portal (https://www.incometax.gov.in/iec/foportal/) where taxpayers can file their ITR electronically.
    You can file ITR with TaxSmooth. The due date to file ITR for the FY 2024-25 (AY 2025-26) is 31st July 2025 extended to 15th Sept 2025.

If an individual misses the due date while filing their Income Tax Return (ITR), they may still file a belated return. The belated return can be filed by 31st December of the relevant assessment year (unless extended by the government).

However, please note a belated return can only be filed with the payment of late fees u/s 234F, subject to certain conditions.

If a taxpayer fails to file their Income Tax Return (ITR) by the due date, they may be liable to pay penalties and interest. The penalties for non-filing or late-filing of ITR in India are as follows:

Late filing fee: The late filing fee for Income Tax Return (ITR) in India is governed by Section 234F of the Income Tax Act. The penalty depends on the date of filing after the due date and the total income of the taxpayer:

  • If you file your ITR after the due date but on or before December 31 of the relevant assessment year, the late filing fee is:

    • Rs. 5,000 if your total income exceeds Rs. 5 lakh.

    • Rs. 1,000 if your total income is Rs. 5 lakh or less.

Interest on tax liability: If a taxpayer has any outstanding tax liability, interest will be charged on the amount due from the due date of filing until the date of payment. The interest rate is currently 1% per month, calculated from the due date of filing until the date of payment.

Loss of certain benefits: If a taxpayer files a belated return, they may lose certain benefits, such as the right to carry forward losses, etc. And in case of failure to file ITR at all, they will not be able to claim TDS refunds, if any.

Prosecution: In case of a willful failure to file ITR, the taxpayer may be subject to prosecution under Section 276CC of the Income Tax Act, which can result in imprisonment and/or fine

Once you are done with e-filing of income tax return, you must:-

  • Check your inbox for the provided email id. You will receive an intimation for successfully filing your Income Tax Return and ITR-V (Acknowledgement) attached to the email.
  • With a new notification, a revised ITR can only be filed if your original ITR is verified.
  • Cross Check all figures thoroughly in your filled ITR form or ITR-V for errors, mistakes, etc.
  • Verify the income tax return within 30 days of filing, as Income Tax Return is processed only when ITR is verified. If you fail to verify the return, it will not be considered filed or processed by the Department. You will lose out on income tax refund (if any), etc. Also, you will have to file a new return from the beginning. 
  • If you have a refund in your tax return, you shall receive the same in your bank account within the next few days. It is better to keep tracking your refund status so that you get all the important updates from the department.

Note: Verifying ITR is an important step. The Income Tax Department will not process your filed Income Tax return unless it is verified . The time limit for verification of Filed Income Tax returns is 30 days. Previously this time limit was 120 days. This new rule is applicable for returns filed on or after 1st August 2022. If you have not verified your tax return, it shall be considered “Invalid,” i.e., null and void. It means that no Income Tax Return has been filed at all.

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