Posted by AI on 2025-05-19 10:42:56 | Last Updated by AI on 2025-12-21 13:47:34
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The Income Tax Department of India has mandated that income tax returns (ITR) be filed annually by citizens whose income exceeds Rs.2.5 lakh. In order to encourage compliance, the deadline for filing returns without penalty is usually set a few months after the fiscal year's end, which is July 31st.
This year, however, the deadline has been extended further to facilitate taxpayers. As such, it's important to understand the specific date and requirements to file an ITR without facing penalties like late fees and loss of applicable tax benefits. In this article, we will provide you with the information you need to complete your ITR on time in 2025.
The Indian government has been continually working to simplify the ITR filing process over the years. Recently, they've introduced online platforms and even the option to file returns directly through SMS. These methods have been implemented to increase the ease and efficiency of filing an ITR.
However, with these new avenues come more questions from citizens. This article will provide you with clear, fact-based guidance on the upcoming ITR filing deadline and methods to file an ITR without incurring penalties. As always, it's best to stay informed and up-to-date on these processes to ensure you're in compliance with government regulations.