Is the ITR due date extended?
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The status of the Income Tax Return (ITR) due date extension depends on the type of taxpayer and the specific Assessment Year (AY) in India.
Is the due date for ITR extended?
Yes, the ITR due date was initially extended to 15th September, 2025. And it was later extended to 16th September, 2025, thereby making the return filing due date for FY 2024-25 16th September.
What is the extension date for 2025?
September 15, 2026 - Third quarter 2026 estimated tax payment due. October 15, 2026 - Deadline to file your extended 2025 tax return. If you chose to file an extension request on your tax return, this is the due date for filing your tax return.
Can I file an ITR after a due date?
If you missed filing a return within the original deadline, you can file a belated return within 31st December of the relevant assessment year. If you miss this deadline too because of genuine reasons then you may file a condonation of delay request and ask the income tax authorities to condone the delay.
Can I file an extension after the due date?
If you need more time to file your taxes, request an extension by the April tax filing due date. This gives you until October 15 to file without penalties. Make sure you pay any tax you owe by the April filing date. The extension is only for filing your return.
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What happens if I file my taxes after October 15th?
If you miss the October extended tax filing deadline, you'll have failure-to-file penalties and, potentially, failure-to-pay penalties if you still owe taxes. To minimize penalties, file your return immediately, pay as much as you can, explore IRS payment plans, and check if you qualify for penalty relief.
Can I get an extension if I live abroad?
Americans living overseas receive an automatic two-month extension to file their Federal Tax Return. This moves the expat tax deadline to June 15. If necessary, you can request a further extension to October 15 or December 15.
What happens if I file an ITR late?
The penalty for late filing of ITR is Rs. 1,000 for income up to Rs. 5 lakhs and Rs. 5,000 for higher incomes, plus 1% monthly interest on unpaid tax.
Does NRI need to file ITR in India?
As an NRI, PIO, or OCI, you may be required to file tax returns in India if your Indian income surpasses the specified threshold or if you seek to claim refunds for excess tax deductions. While filing an ITR is mandatory only under certain circumstances, voluntary filing can be beneficial in many ways.
Can I still get my tax return after the deadline?
Claim a refund
If you are due a refund for withholding or estimated taxes, you must file your return to claim it within 3 years of the return due date. The same rule applies to a right to claim tax credits such as the Earned Income Credit.
What is the last date for filing income tax in 2025?
The Central Board of Direct Taxes (CBDT) has decided to extend the due date of furnishing of Return of Income under sub-Section (1) of Section 139 of the Act for the Assessment Year 2025-26, which is 31st October, 2025 in the case of assessees referred in clause (a) of Explanation 2 to sub-Section (1) of Section 139 of ...
Will the IRS give you a second extension?
You can request an additional extension of time to file taxes beyond the six-month period, but you cannot ask for multiple tax extensions.
Can I extend my tax return deadline?
Can I get a tax deadline extension? Etax can usually get you an extension of your tax deadline, often to 15 May the next year, IF you meet these conditions: You used Etax before the tax deadline of 31 Oct and Etax is your tax agent. You don't have a tax debt with the ATO.
What is due date extension?
What is a Due Date Extension? This plan provides flexibility for customers who know ahead of time that they will not be able to pay their bill by the due date. Due Date Extension is a good option for customers that need additional time to settle their invoice, without having to pay late fees.
What are the issues with ITR filing?
Errors in ITR filing can arise from technical issues, validation failures, or incorrect account details. Common mistakes include mismatched personal information, server glitches on the tax portal, and discrepancies in reported income versus Form 26AS/AIS data.
Is ITR 1 or 2 required for NRIs?
An NRI who has income from salary and foreign assets should use ITR-2. This form is designed to accommodate income from salary, foreign income, capital gains, and other sources. It also includes sections for declaring foreign assets and liabilities, which is mandatory for NRIs to ensure compliance with Indian tax laws.
Is a NRE account taxable?
NRE accounts are exempt from tax. Neither the balance, nor the interest earned on these accounts is taxable. The interest earned on an NRO account is however taxable at 30% according to the Income Tax Act 1961.
Who is not required to file ITR?
Certain NRIs: If the NRIs are only generating income from dividends or interest, or if their income is subject to TDS, then they might be exempted from filing tax returns. Senior Citizens (above 75 years): Senior citizens above the age of 75 whose income consists of pension and interest can be exempt from filing ITR.
Can I file an ITR after 31 July?
According to Section 234F of the IT Act, taxpayers filing tax returns after the 31st July due date but before 31st December of the same year are liable to pay a maximum penalty of ₹5,000. If the ITR is filed after 31st December, the maximum penalty is ₹10,000.
Is it okay if I file taxes late?
You might have to pay IRS penalties and interest if you file your federal income tax return after the April deadline, your due date isn't extended, and you end up with a tax bill. First, the IRS charges a 5% penalty per month on any tax due if your return is filed late. The penalty is capped at 25% of the tax owed.
Can a NRI file belated return?
Yes, NRIs can file a belated return if the original deadline is missed. For FY 2024-25, the belated return window remains open until 31 December 2025. However, late fees under Section 234F and interest under Section 234A will apply.
Do US citizens living abroad have to file tax returns?
U.S. citizenship comes with the requirement to file U.S. tax returns, reporting your worldwide income, regardless of where you live.
Is there an extension for overseas taxes 2025?
If you live abroad, you automatically receive a two-month extension to file your federal return – until June 16, 2025. However, any taxes owed are still due by April 15.
Do I need to lodge a tax return if I live overseas?
You'll need to either lodge an tax return, or a 'Return Not Necessary' form for the year in question. It's easy to assume that you don't need to do anything whilst you're living and working overseas as an expat however nothing could be further from the truth!