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.

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.

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.

The year 2024 has brought in significant changes to India's personal income tax structure, with multiple reforms announced in the Union Budget 2024-25.

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.

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

Taxpayers now have the option to submit rectification requests online, even if their Income Tax Returns (ITRs) are under review by the Assessing Officer (AO).