Income Tax News: The Income Tax Department has issued a strong reminder to all taxpayers to file their Income Tax Return (ITR) before the official deadline. With millions of returns already submitted this year, the department has emphasized that late filing could result in penalties, interest charges, and restrictions on carrying forward certain losses, which may create unnecessary financial stress for individuals as well as businesses.
ITR Filing Deadline Approaches, Taxpayers Urged to File on Time
Officials further underlined that e-verification is a mandatory step after submitting the ITR. Without completing this process, the return will be treated as invalid. Taxpayers can easily e-verify through Aadhaar-based OTP, net banking, or other secure digital options.
Taxpayers can easily e-verify through Aadhaar-based OTP
The department has also cautioned citizens not to wait until the last few days of ITR filing, as heavy online traffic on the e-filing portal often leads to slowdowns or technical glitches. Filing early ensures a smooth process, avoids last-minute errors, and gives taxpayers enough time to make corrections, if required.
Tax and financial experts suggest that timely ITR filing offers multiple benefits, including faster processing of income tax refunds, smooth loan approvals, visa applications, and overall financial compliance. Moreover, a clean tax record helps individuals build credibility in the banking and financial system.
With the deadline approaching quickly, both salaried employees and business professionals are encouraged to gather their financial documents—such as Form 16, TDS certificates, and investment proofs—and complete the filing process without delay.
The Income Tax Department has also launched awareness campaigns across digital platforms to assist taxpayers, ensuring hassle-free filing and maximum compliance.
