Blog Details

ITR Filing Deadline Extended to 15th September 2025 for the FY 2024-25

• Taxliv
• Jul 14, 2025

The Central Board of Direct Taxes (CBDT) has once again come to the rescue of taxpayers by extending the ITR filing last date for the financial year 2024–25 (Assessment Year 2025–26) from July 31, 2025 to September 15, 2025. This income tax return deadline extended announcement provides much-needed breathing room for individuals and businesses grappling with the recent overhaul of ITR forms and the delayed rollout of e-filing utilities.

Why Was the ITR Filing Deadline Extended?

• Staggered Release of ITR Forms: Unlike previous years when all ITR forms were notified together, this year the CBDT released the seven ITR forms in phases—the final form only made available on May 9, 2025. Tax professionals needed time to understand new schedules, especially around capital gains and foreign asset disclosures, before filing accurately.
• System Readiness & Testing: Significant structural revisions across ITR-1 to ITR-7 necessitated extensive updates to the Income Tax Department’s e-filing portal. Additional time was required to integrate these changes into both online and offline filing utilities, ensuring a seamless experience for taxpayers and avoiding last-minute technical glitches.
• TDS Credit Reflection: Tax Deducted at Source (TDS) statements filed by May 31, 2025, only reflect in Form 26AS by early June. This lag left taxpayers with a compressed window to reconcile credits before the original July 31 deadline. The extended filing window accommodates this delay, reducing errors and mismatches in tax credit claims.

• Amid this extension, taxpayers are strongly advised to exercise caution and avoid claiming deductions for which they are not eligible.

Some of the frequently claimed deductions include:

• Section 80C: Investments such as Public Provident Fund (PPF), Equity-Linked Savings Schemes (ELSS), and more
• Section 80D: Health insurance premiums
• Section 80E: Interest on education loans
• Sections 80TTA/TTB: Interest income from savings bank accounts
• HRA
• Section 80G- Donation
• Salary- Other Allowances Exempt.

Consequences of Making Ineligible Claims

The revised ITR guidelines emphasize a strict “zero-tolerance” stance on false or inflated claims. According to Section 270A of the Income Tax Act, 1961, taxpayers who misreport income or claim unwarranted deductions can face penalties up to 200% of the tax due, along with applicable interest. In serious cases, legal prosecution under Section 276C may also be initiated.

It is therefore critical that taxpayers submit only valid claims to avoid hefty fines and potential legal repercussions.