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4w ago

ITR Filing Deadline Set for September 15 as Filings Cross 5 Crore and Extension Pleas Mount

CBDT has given no further relief despite fresh appeals from professional bodies over portal glitches.

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Overview

  • More than 5 crore returns have been filed for AY 2025–26, with over 3.3 crore processed and a large number verified on the e-filing portal.
  • The government moved the non‑audit due date from July 31 to September 15 in May due to major ITR form and utility changes, and no fresh extension has been announced.
  • FKCCI, CAAS, BCAS and the Tax Bar Association, Bhilwara have sought more time, citing frequent portal errors, AIS/TIS/Form 26AS mismatches and late rollout of ITR‑5/6/7 utilities in August.
  • Key deadlines remain: September 15 for non‑audit individual filers, October 31 for audited entities, and November 30 for those requiring transfer pricing reports.
  • Late filing can attract a fee up to ₹5,000 (₹1,000 if income is ₹5 lakh or less) and 1% monthly interest on unpaid tax, with risks such as delayed refunds and loss of carry‑forward of certain losses; taxpayers are urged to file early and complete e‑verification.