ITR Deadline 2025: Last Chance for Taxpayers, No Sign of Extension Yet

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Posted by AI on 2025-09-10 08:06:00 | Last Updated by AI on 2025-09-10 10:49:36

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Taxpayers, unready or unaware of the looming deadline, now have only five days to submit their Income Tax Returns for the fiscal year 2024-25. Despite numerous extensions in previous years, the government has not yet indicated any intentions of pushing this deadline anymore.

The Income Tax Department extended the deadline to 15th September 2025, expecting taxpayers to manage the one-month gap and complete their obligations punctually. Previously, the deadline was set on 31st July 2025, which is also the regular date for filing taxes. However, owing to the current economic climate and difficulties that taxpayers have been facing, many were expecting another extension of the deadline.

There are speculation and concerns that an extraordinary extension is warranted, especially since unusual circumstances are prevailing. Many taxpayers are struggling to compile the necessary information and documentation to complete their returns accurately. Moreover, the tax department itself is facing a backlog, with a huge number of IT returns pending processing.

However, the Finance Ministry has not announced any further extensions, leaving five days left for compliance. It's a reminder for late taxpayers to expedite their efforts to file returns without waiting for any further extensions.

The government usually assesses the situation before extending deadlines, ensuring that no taxpayer is penalized while also considering the functioning of the administration. Despite the unusual circumstances, the onus is on the taxpayers to comply with the regulations and meet their obligations.

If you have not started preparing your taxes, there is no better time than now to start, as no further extension seems likely at this point. If you require any assistance or have questions related to your income tax return for the fiscal year 2024-25, please contact your financial advisor, or the tax authorities for guidance and clarity as soon as possible.

Go!