ITR Filing Updates for 2025: Everything You Need to Know
ITR Filing 2025: Major Updates You Can’t Miss
The ITR filing season for FY 2024–25 (AY 2025–26) is now live.
The Income Tax Department has introduced several updates for smoother e-filing.
New ITR forms (ITR-1 to ITR-4) have been rolled out with expanded disclosures.
Forms now cover capital gains, crypto income, and virtual digital assets.
Revised offline utilities (Excel/JSON) simplify return preparation and upload.
Digital compliance and data validation are key themes this year.
New ITR Forms and Filing Rules Explained
ITR-1 is for salaried individuals with income under ₹50 lakh.
ITR-2 suits those with capital gains, multiple properties, or crypto assets.
Business owners must use ITR-3, while presumptive taxpayers choose ITR-4.
Auto-filled salary and deduction fields reduce manual errors.
Mandatory Aadhaar-PAN linking is now strictly enforced.
Section 139(9) applies for mismatches or incorrect form usage.
Extended Deadlines and Penalty Rules for 2025
The ITR due date is now extended to 15 September 2025 (non-audit cases).
For audited accounts: 31 October; for transfer pricing: 30 November.
Late filing penalty: ₹1,000 for income < ₹5L, ₹5,000 for > ₹5L.
Delayed filing after 31 Dec 2025 may attract ₹10,000 in penalties.
Interest under Sections 234A & 234B applies on unpaid taxes.
Avoid last-minute rush by filing well in advance.
Step-by-Step ITR Filing & Common Errors to Avoid
Choose the correct form based on your income source.
Download official ITR utilities and fill all mandatory fields.
Review tax regime choice (old vs new) before submission.
Generate and upload XML/JSON via the income tax portal.
E-verify your return within 30 days to avoid invalidation.
Avoid errors like mismatched income, unverified returns, or skipping interest income.
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