ITR filing: Why was due date extended by a day? What we know

6 months ago 47
ARTICLE AD BOX

 Why did Income Tax section  assistance   an other  time  for taxation  returns filing? What we know

ITR filing owed day extension: The determination came, adjacent arsenic the fig of filed returns crossed 7.3 crore by 15 September, the highest ever.

ITR filing FY 2024-25 owed day extended: Amid a grounds surge successful Income Tax Return (ITR) filings, the authorities has extended the deadline for Assessment Year 2025-26 by a day, pushing it to September 16, 2025.The determination came, adjacent arsenic the fig of filed returns crossed 7.3 crore by 15 September, the highest ever. However, galore taxpayers reported income taxation portal entree issues arsenic the cutoff approached.

Why was ITR filing deadline extended?

The owed day for Assessment Year 2025-26 had primitively been 31 July 2025, but was shifted to 15 September due to the fact that revisions successful ITR forms required back-end changes successful April–May.With the 15 September cut-off approaching, galore taxpayers reported trouble accessing the e-filing portal and completing payments.

It seems that with respective users reporting glitches, the Central Board of Direct Taxes (CBDT) chose to assistance a one-day hold till 16 September to facilitate further filings of ITRsTo alteration inferior changes, the portal was placed nether attraction betwixt 12 americium and 2:30 americium connected 16 September, the section announced.India saw a grounds fig of taxpayers rushing to conscionable the ITR filing deadline this year. The Income Tax department said connected X that implicit 7.3 crore returns had been filed by 15 September 2025, surpassing past year’s 7.28 crore.

“We sincerely convey taxpayers & professionals for their timely compliance,” the section posted conscionable aft midnight connected 16 September.The surge came aft weeks of reminders, with the section earlier noting connected 15 September that “more than 7 crore ITRs person been filed truthful acold and inactive counting!” portion urging those yet to record not to delay.

ITR filing: Taxpayers emblem portal glitches

Earlier, respective users took to societal media complaining of errors portion uploading returns oregon making beforehand taxation payments. The section acknowledged the issues, but clarified that galore problems were linked to section browser oregon instrumentality settings alternatively than a system-wide outage. It issued step-by-step advisories, including clearing cache, utilizing updated browsers, oregon switching to incognito mode.

What happens if you miss ITR deadline?

For those inactive incapable to record by 16 September, a belated instrumentality tin beryllium submitted until 31 December 2025. However, this attracts precocious fees nether Section 234F — Rs 1,000 for income up to Rs 5 lakh and Rs 5,000 for higher incomes. Delays besides trigger higher involvement liabilities successful lawsuit of outstanding taxation dues and bounds the quality to transportation guardant definite losses.

Read Entire Article
LEFT SIDEBAR AD

Hidden in mobile, Best for skyscrapers.