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The Income Tax Return (ITR) filing deadline for AY 2025–26 was extended twice this year. Initially set for July 31, 2025, the Central Board of Direct Taxes (CBDT) pushed it to September 15, and later to September 16 due to portal-related technical issues. As of September 29, 2025, there is no further extension announced. Taxpayers must note that September 16 marked the final date for most non-audit cases. Table of Contents Official Extension Notifications and Reasons Current

Switching between the old and new tax regime s while filing Income Tax Returns has become a key decision for taxpayers in India. For FY 2024-25 (AY 2025-26), the new regime is the default, but individuals can still opt for the old regime if it proves more beneficial. The process varies for salaried taxpayers compared to those with business or professional income, and the choice must be made before the ITR due date. Understanding the rules, deadlines, and filing procedures is

Mistakes in income tax returns, whether in the original or revised filing, can lead to incorrect reporting, missed deductions, or delayed refunds. ITR-U , the Updated Return under the Income Tax Act, 1961, provides a practical solution for taxpayers to self-correct errors and omissions. With the recent extension of the correction window to four years from the end of the relevant assessment year, ITR-U enables individuals and businesses to proactively amend returns, ensure com

When a revised income tax return is rejected, it can create confusion and concern for taxpayers. Understanding why the rejection happened, reviewing statutory deadlines, and knowing the correct steps to rectify the issue are crucial for compliance and avoiding penalties. Timely corrective measures can ensure the original return remains valid and prevent further complications, while platforms like TaxBuddy provide guidance to simplify the process and prevent common errors. Tab

Extra deductions can indeed be claimed in a revised income tax return if the taxpayer files within the prescribed timeline under Section 139(5) of the Income Tax Act, 1961. Missed deductions in the original return—such as under Sections 80C, 80D, or 80G —can be added in a revised return, provided all claims are legal, verifiable, and backed by appropriate documentation. Filing a revised return substitutes the original submission and ensures that the latest return is treated a

Filing an income tax return correctly is essential for compliance and avoiding penalties. Sometimes, errors or omissions are discovered after the deadline for a Revised Return, or no return was filed at all. In such cases, the Income Tax Department allows filing an ITR-U (Updated Return), which provides relief even after the assessment year ends. The ITR-U accommodates missed income, deductions, and exemptions but comes with specific timelines and additional taxes. Understand

Filing an Updated Income Tax Return (ITR-U) online allows taxpayers to correct or update previously filed returns without starting from scratch. With platforms like TaxBuddy , the process is simplified, automated, and accurate, ensuring compliance under Section 139(8A) of the Income Tax Act. TaxBuddy offers an intuitive interface, auto-filled forms, and real-time guidance, making it accessible even for first-time filers. The updated return process handles omitted income, und

Filing a revised income tax return online is essential to correct mistakes or omissions in your original ITR for FY 2024-25. The process is governed under Section 139(5) of the Income Tax Act, 1961, and allows taxpayers to replace their original return entirely. Filing a revised return ensures accurate reporting of income, deductions, and tax payments, helping to avoid notices or penalties. With a structured approach, including prerequisites, portal login, corrections, and e-

Filing ITR-U late can lead to significant penalties under the Indian Income Tax Act, 1961. Sections 234F and 140B outline structured fees and additional taxes based on how overdue the updated return is. Understanding these provisions is crucial, as they not only affect your tax liability but can also impact financial planning, loan approvals, and refunds. Recent amendments have extended the filing window for ITR-U up to 4 years from the end of the relevant assessment year, pr

Filing income tax returns accurately is crucial for avoiding penalties and ensuring compliance with Indian tax laws. Mistakes in the original return can happen, but taxpayers have remedies through revised and updated returns. Revised returns allow corrections to errors in the original ITR, while updated returns provide an extended window to rectify issues beyond the revised return period. Understanding the exact time limits, eligibility, and procedural requirements under Sec