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Missing the income tax return (ITR) deadline can lead to penalties, interest, and the loss of certain benefits under the Income Tax Act, 1961. However, filing after the deadline is still possible, and modern platforms like TaxBuddy simplify this process with AI-powered automation, expert guidance, and secure document handling. With its mobile app, TaxBuddy ensures accuracy and compliance while reducing stress for taxpayers who have missed the due date. Table of Contents Under

Filing income tax returns late is generally considered better than not filing at all, but both come with consequences. A belated return attracts penalties and interest, while complete non-filing can trigger prosecution, heavy fines, and legal complications. Updated provisions under the Income Tax Act, 1961, clearly distinguish between these two scenarios, making it vital for taxpayers to understand the risks before missing deadlines. Choosing to file late keeps compliance int

The Income Tax Department has set clear deadlines for filing original, revised, belated, and updated returns. For FY 2024-25 (AY 2025-26), the due date for non-audit taxpayers was extended to 16th September 2025. Taxpayers who missed this deadline can still file belated or revised returns until 31st December 2025. Beyond this, the updated return option (ITR-U) allows corrections or delayed filing up to four years later, but with additional costs. Understanding these timelines

Startups and LLPs in India must adhere to strict timelines for income tax return filing to maintain compliance and avoid penalties. For the financial year 2024-25 (assessment year 2025-26), the government has issued updated deadlines covering both audited and non-audited entities. Filing on time is not only a legal requirement but also essential for credibility with banks, investors, and regulators. Let's explain the ITR filing deadlines for startups and LLPs in 2025, the app

Advance tax payments and ITR deadlines are two sides of the same compliance framework under the Income Tax Act, 1961. While advance tax ensures that taxes are paid in installments throughout the financial year, the ITR deadline marks the final point of reporting and adjusting liabilities. Their link lies in timing, compliance, and penalties—failure in either can lead to financial costs and legal consequences. TaxBuddy simplifies this entire process by offering reminders, AI-

The ITR deadline for Non-Resident Indians (NRIs) for the financial year 2024-25 has been extended to 16 September 2025, as per CBDT Circular No. 06/2025. The extension was granted due to technical issues on the Income Tax portal, giving taxpayers additional time to complete their filings. NRIs must comply with the provisions of the Income Tax Act, 1961, and file their returns if their Indian-sourced income crosses the basic exemption limit. Missing the deadline leads to penal

The income tax return filing deadline for freelancers in India has been extended to 16th September 2025 for the financial year 2024-25 (assessment year 2025-26). This revised date, announced by the Central Board of Direct Taxes (CBDT), is critical for freelancers who need to stay compliant under the Income Tax Act, 1961. Missing the deadline can lead to penalties, interest charges, and additional compliance burdens, making it essential to prepare in advance. Freelancers must

The last date to file Income Tax Returns (ITR) for salaried employees for FY 2024-25 (AY 2025-26) was September 16, 2025, extended from the usual July 31 deadline due to portal issues. Employees who missed this date still have the option to file belated returns until December 31, 2025, though penalties may apply. A frequent concern for many salaried taxpayers is receiving an incorrect or delayed Form 16. Since Form 16 serves as the key TDS certificate issued by employers, i

Filing an Income Tax Return after the due date in India can bring financial and compliance consequences. Penalties under Section 234F, monthly interest on unpaid taxes, delayed refunds, and the loss of certain tax benefits are among the most common risks. However, taxpayers still have solutions such as filing a belated return before December 31, 2025, paying applicable fees, and using digital platforms like TaxBuddy to simplify the process. Knowing the risks and remedies is

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