ITR Filing Precautions 2025
ITR Filing Precautions 2025: As the July 31 income tax return (ITR) filing deadline nears, taxpayers must stay cautious and avoid common mistakes. Key utilities and services are still pending, causing concerns about a possible extension.
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Avoid These Mistakes While Filing ITR
With just two days left before the July 31 ITR deadline, millions of Indian taxpayers are rushing to file their income tax returns. The Income Tax Department has not yet announced any extension, so it’s crucial to be accurate and quick. However, while speed is necessary, precision is even more important. Errors in filing can lead to notices, penalties, or delayed refunds.
Key precautions while filing your ITR include:
Ensure PAN-Aadhaar linkage: Taxpayers with unlinked PAN and Aadhaar may face return invalidation.
Verify Form 26AS and AIS: Cross-check these statements with your income to avoid mismatches.
Disclose all income sources: Interest from savings accounts, FD, or gig income should not be skipped.
Use correct ITR form: Using the wrong form can result in defective return notices.
E-verify on time: Your return isn’t complete until it’s e-verified within 30 days of filing.
Will the Deadline Be Extended Again?
As of now, the government has made no official statement regarding any extension of the ITR deadline. However, some key ITR utilities and services such as updated TDS figures, AIS updates, and Form 10IEA (for new tax regime selection) have seen delays in rollout. These gaps have sparked speculation among taxpayers and tax professionals about a possible deadline extension.
Despite that, the Central Board of Direct Taxes (CBDT) has maintained silence, which suggests taxpayers should assume July 31 as the final date and not delay filing.
ITR Filing Trends So Far
Over 4 crore returns have already been filed, according to the Income Tax Department’s latest data. The government has encouraged early filing through campaigns and reminders, while also promoting the use of e-filing utilities and pre-filled forms for salaried individuals.
However, glitches and last-minute server issues are expected as traffic spikes near the deadline. Therefore, experts advise users to avoid last-day rushes and use official platforms like the income tax e-filing portal or authorized intermediaries.
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What Happens If You Miss the Deadline?
Missing the ITR deadline can lead to:
Late filing fees under Section 234F (₹1,000–₹5,000)
Interest on tax dues under Section 234A
Loss of carry forward of certain losses
Higher scrutiny chances by tax authorities
If you’re still unprepared, consult a CA or use certified tax filing platforms to ensure accurate and timely compliance.
