The Income Tax Department has extended the revised and belated income tax return (ITR) filing deadline to January 15, 2025 for Indian resident individuals. Individuals who have already filed an ITR on or before the deadline,

The main deadline to file ITR forms to claim refunds is generally July 31st every year, however, a window is open for late tax filers or revised ITR filing till the end of the year, which is extended in025.

The CBDT has extended the deadline for resident individuals to file belated or revised Income Tax Returns for AY 2024-25 from December 31, 2024, to January 15, 2025, providing an additional two weeks

If you've filed your return and are wondering about the status of your refund, there are two main ways to check: the Income Tax e-filing portal and the NSDL website.

Taxpayers must note that there is a penalty of Rs 5,000 imposed upon filing. For individuals with taxable income below a specified threshold, a reduced penalty of Rs 1,000 applies.

Failing to file your original or revised ITR by the deadline can result in penalties. If you miss the December 31 deadline, the Income Tax Department may impose fines and may not allow you to make corrections to your return. For the financial year 2023-24 (AY 2024-25), taxpayers have until December 31, 2024, to submit their revised returns.

Taxpayers who file ITR after the deadline are fined Rs 5,000. For taxpayers with an income less than Rs 5 lakh, this penalty amount is Rs 1,000.

Extended due date for filing belated Income Tax Return till January 15, with penalties and consequences for non-filers.

The Central Board of Direct Taxes (CBDT) extended the deadline for taxpayers to file their belated or revised income tax returns for the 2024-25 Assessment Year (AY). The authorities informed that the last date for submitting the belated or revised IT returns for individuals is now January 15,

Earlier, the last date for resident individuals to make these submissions for assessment year (AY) 2024-25 was set at 31st December 2024.