{"id":29922,"date":"2025-09-13T11:55:03","date_gmt":"2025-09-13T06:25:03","guid":{"rendered":"https:\/\/carajput.com\/blog\/?p=29922"},"modified":"2025-09-27T16:48:23","modified_gmt":"2025-09-27T11:18:23","slug":"itr-deadline-sept-15-taxpayers-face-glitches","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/itr-deadline-sept-15-taxpayers-face-glitches\/","title":{"rendered":"ITR Deadline Sept 15: Taxpayers Face Glitches,"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Page Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69d4b148dd759\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69d4b148dd759\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/carajput.com\/blog\/itr-deadline-sept-15-taxpayers-face-glitches\/#CBDT_Extends_Tax_Exemption_Window_for_SWFs_Pension_Funds\" title=\"CBDT Extends Tax Exemption Window for SWFs &amp; Pension Funds\">CBDT Extends Tax Exemption Window for SWFs &amp; Pension Funds<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/carajput.com\/blog\/itr-deadline-sept-15-taxpayers-face-glitches\/#Background_of_the_Scheme\" title=\"Background of the Scheme\">Background of the Scheme<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/carajput.com\/blog\/itr-deadline-sept-15-taxpayers-face-glitches\/#Focus_Areas_for_Investment\" title=\"Focus Areas for Investment\">Focus Areas for Investment<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/carajput.com\/blog\/itr-deadline-sept-15-taxpayers-face-glitches\/#Impact_on_Retail_Investors\" title=\"Impact on Retail Investors\">Impact on Retail Investors<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/carajput.com\/blog\/itr-deadline-sept-15-taxpayers-face-glitches\/#Rising_Foreign_Investments\" title=\"Rising Foreign Investments\">Rising Foreign Investments<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/carajput.com\/blog\/itr-deadline-sept-15-taxpayers-face-glitches\/#September_15_%E2%80%93_ITR_Filing_Deadline_Amid_Portal_Glitches\" title=\"September 15 \u2013 ITR Filing Deadline Amid Portal Glitches\">September 15 \u2013 ITR Filing Deadline Amid Portal Glitches<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/carajput.com\/blog\/itr-deadline-sept-15-taxpayers-face-glitches\/#ITR_Deadline_Sept_15_Taxpayers_Face_Glitches_I-T_Dept_Issues_Filing_Advisory\" title=\"ITR Deadline Sept 15: Taxpayers Face Glitches, I-T Dept Issues Filing Advisory\">ITR Deadline Sept 15: Taxpayers Face Glitches, I-T Dept Issues Filing Advisory<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/carajput.com\/blog\/itr-deadline-sept-15-taxpayers-face-glitches\/#Portal_Slowdowns_Technical_Issues\" title=\"Portal Slowdowns &amp; Technical Issues\">Portal Slowdowns &amp; Technical Issues<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/carajput.com\/blog\/itr-deadline-sept-15-taxpayers-face-glitches\/#Filing_Numbers_Lagging\" title=\"Filing Numbers Lagging\">Filing Numbers Lagging<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/carajput.com\/blog\/itr-deadline-sept-15-taxpayers-face-glitches\/#Utility_Release_Timeline_2025\" title=\"Utility Release Timeline (2025)\">Utility Release Timeline (2025)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/carajput.com\/blog\/itr-deadline-sept-15-taxpayers-face-glitches\/#I-T_Departments_Tech_Advisory\" title=\"I-T Department\u2019s Tech Advisory\">I-T Department\u2019s Tech Advisory<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/carajput.com\/blog\/itr-deadline-sept-15-taxpayers-face-glitches\/#Weekend_Bank_Holiday_Concerns\" title=\"Weekend &amp; Bank Holiday Concerns\">Weekend &amp; Bank Holiday Concerns<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/carajput.com\/blog\/itr-deadline-sept-15-taxpayers-face-glitches\/#Penalties_for_Missing_Deadline\" title=\"Penalties for Missing Deadline\">Penalties for Missing Deadline<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/carajput.com\/blog\/itr-deadline-sept-15-taxpayers-face-glitches\/#What_are_Mandatory_ITR_Filing_Scenarios_for_Indian_Taxpayers\" title=\"What are Mandatory ITR Filing Scenarios for Indian Taxpayers ?\">What are Mandatory ITR Filing Scenarios for Indian Taxpayers ?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/carajput.com\/blog\/itr-deadline-sept-15-taxpayers-face-glitches\/#In_Summary\" title=\"In Summary,\u00a0\">In Summary,\u00a0<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-25865\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2023\/12\/Income-Tax-Return-Form-ITR-1-ITR-4-notified-for-AY-2024-25.jpg\" alt=\"Income Tax Return Form ITR 1 &amp; ITR 4 notified for AY 2024-25\" width=\"1200\" height=\"675\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2023\/12\/Income-Tax-Return-Form-ITR-1-ITR-4-notified-for-AY-2024-25.jpg 1200w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2023\/12\/Income-Tax-Return-Form-ITR-1-ITR-4-notified-for-AY-2024-25-300x169.jpg 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2023\/12\/Income-Tax-Return-Form-ITR-1-ITR-4-notified-for-AY-2024-25-1024x576.jpg 1024w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2023\/12\/Income-Tax-Return-Form-ITR-1-ITR-4-notified-for-AY-2024-25-768x432.jpg 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2023\/12\/Income-Tax-Return-Form-ITR-1-ITR-4-notified-for-AY-2024-25-800x450.jpg 800w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/h2>\n<h2><span class=\"ez-toc-section\" id=\"CBDT_Extends_Tax_Exemption_Window_for_SWFs_Pension_Funds\"><\/span><span style=\"color: #000080;\"><strong>CBDT Extends Tax Exemption Window for SWFs &amp; Pension Funds<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Central Board of Direct Taxes (CBDT) has officially extended the timeline for income tax exemptions under Section 10(23FE) of the Income Tax Act for Sovereign Wealth Funds (SWFs) and Pension Funds. The new deadline for qualifying investments is now March 31, 2030, up from the earlier March 31, 2025.<\/p>\n<ul>\n<li>This extension was formalized via Notification No. 113\/2025, issued on July 11, 2025, and is effective retrospectively from April 1, 2025.<\/li>\n<li>The move aims to attract long-term foreign capital into India&#8217;s infrastructure, logistics, and power sectors.<\/li>\n<li>It provides fiscal certainty to global investors and aligns with India\u2019s goal of becoming a $5 trillion economy.<\/li>\n<li>Retail investors may benefit indirectly through InvITs, REITs, and mutual funds that channel investments into these sectors.<\/li>\n<\/ul>\n<p data-start=\"460\" data-end=\"566\">This exemption, provided under Section 10(23FE) of the Income Tax Act, covers income in the form of\u00a0 Dividends, Interest,\u00a0Long-term capital gains.\u00a0Extending the tax exemption window till 2030 cements India\u2019s position as a long-term hub for global infrastructure investments. While sovereign wealth and pension funds directly benefit, retail investors also gain access through mutual funds, InvITs, and REITs. The move is expected to Attract greater foreign capital, Improve transparency, Strengthen India\u2019s infrastructure financing ecosystem<\/p>\n<h3 data-start=\"623\" data-end=\"657\"><span class=\"ez-toc-section\" id=\"Background_of_the_Scheme\"><\/span><span style=\"color: #000080;\">Background of the Scheme<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"658\" data-end=\"926\">The scheme was first introduced in April 2020 to attract patient global capital into India\u2019s long-term infrastructure projects. Since then, several global funds from Saudi Arabia, Singapore, Kuwait, and Norway have actively participated in the Indian market.<\/p>\n<h3 data-start=\"928\" data-end=\"964\"><span class=\"ez-toc-section\" id=\"Focus_Areas_for_Investment\"><\/span><span style=\"color: #000080;\">Focus Areas for Investment<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"965\" data-end=\"1061\">The extended policy is expected to channel more foreign capital into priority sectors such as Commercial real estate, Logistics parks, Data centers, Urban infrastructure.\u00a0These inflows lower financing costs for long-gestation projects and ensure steady, predictable capital for India\u2019s infrastructure growth.<\/p>\n<h3 data-start=\"1293\" data-end=\"1329\"><span class=\"ez-toc-section\" id=\"Impact_on_Retail_Investors\"><\/span><span style=\"color: #000080;\">Impact on Retail Investors<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"1330\" data-end=\"1438\">While large foreign funds are the direct beneficiaries, retail investors stand to gain indirectly through Mutual funds, InvITs (Infrastructure Investment Trusts), REITs (Real Estate Investment Trusts).\u00a0With higher foreign participation, these instruments become more attractive, giving retail investors access to global-grade infrastructure assets.<\/p>\n<h3 data-start=\"1707\" data-end=\"1743\"><span class=\"ez-toc-section\" id=\"Rising_Foreign_Investments\"><\/span><span style=\"color: #000080;\">Rising Foreign Investments<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"1744\" data-end=\"1787\">The policy has already delivered results Direct investments by SWFs and pension funds nearly doubled to $6.7 billion in 2022 from $3.8 billion in 2021. &amp; Assets under custody in Indian companies surged 60% YoY, reaching \u20b94.7 lakh crore by April 2024.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"September_15_%E2%80%93_ITR_Filing_Deadline_Amid_Portal_Glitches\"><\/span><span style=\"color: #000080;\"><strong>September 15 \u2013 ITR Filing Deadline Amid Portal Glitches<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3 data-start=\"124\" data-end=\"210\"><span class=\"ez-toc-section\" id=\"ITR_Deadline_Sept_15_Taxpayers_Face_Glitches_I-T_Dept_Issues_Filing_Advisory\"><\/span><span style=\"color: #000080;\"><strong data-start=\"126\" data-end=\"208\">ITR Deadline Sept 15: Taxpayers Face Glitches, I-T Dept Issues Filing Advisory<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>With just days left before the September 15, 2025 deadline for filing Income Tax Returns (ITRs) for FY 2024-25, taxpayers are facing mounting challenges due to portal glitches, delayed utility releases, and a compressed filing window. With the September 15, 2025 deadline for filing ITRs\u00a0fast approaching, taxpayers are facing significant technical issues across multiple platforms:<\/p>\n<h3 data-start=\"458\" data-end=\"503\"><span class=\"ez-toc-section\" id=\"Portal_Slowdowns_Technical_Issues\"><\/span><span style=\"color: #000080;\"><strong data-start=\"462\" data-end=\"501\">Portal Slowdowns &amp; Technical Issues<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"504\" data-end=\"576\">Taxpayers have reported difficulties accessing key e-filing platforms Annual Information Statement (AIS), Form 26AS, Taxpayer Information Summary (TIS).\u00a0These platforms have been intermittently down because of heavy traffic. The TRACES portal, vital for Form 26AS, TDS certificates, and tax credit verification, has been unavailable since September 11, adding to the stress of last-minute compliance.<\/p>\n<h3 data-start=\"941\" data-end=\"973\"><span class=\"ez-toc-section\" id=\"Filing_Numbers_Lagging\"><\/span><span style=\"color: #000080;\"><strong data-start=\"945\" data-end=\"971\">Filing Numbers Lagging<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"974\" data-end=\"1195\">By September 11, only 5.47 crore ITRs had been filed, far behind last year\u2019s 7.28 crore returns filed by July 31, 2024. Experts point to the delayed release of utilities as the primary reason for this shortfall.<\/p>\n<h3 data-start=\"1197\" data-end=\"1238\"><span class=\"ez-toc-section\" id=\"Utility_Release_Timeline_2025\"><\/span><span style=\"color: #000080;\"><strong data-start=\"1201\" data-end=\"1236\">Utility Release Timeline (2025)<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"1239\" data-end=\"1375\">Unlike 2024, when most forms were available by April, this year\u2019s utilities were released much later, compressing the filing timeline:<\/p>\n<ul data-start=\"1376\" data-end=\"1687\">\n<li data-start=\"1376\" data-end=\"1422\">\n<p data-start=\"1378\" data-end=\"1422\">29 May \u2013 ITR-1 &amp; ITR-4 Excel utilities<\/p>\n<\/li>\n<li data-start=\"1423\" data-end=\"1470\">\n<p data-start=\"1425\" data-end=\"1470\">4 June \u2013 ITR-1 &amp; ITR-4 online utilities<\/p>\n<\/li>\n<li data-start=\"1471\" data-end=\"1518\">\n<p data-start=\"1473\" data-end=\"1518\">11 July \u2013 ITR-2 &amp; ITR-3 Excel utilities<\/p>\n<\/li>\n<li data-start=\"1519\" data-end=\"1557\">\n<p data-start=\"1521\" data-end=\"1557\">17 July \u2013 ITR-2 online utility<\/p>\n<\/li>\n<li data-start=\"1558\" data-end=\"1608\">\n<p data-start=\"1560\" data-end=\"1608\">30 July \u2013 ITR-3 offline &amp; online utilities<\/p>\n<\/li>\n<li data-start=\"1609\" data-end=\"1647\">\n<p data-start=\"1611\" data-end=\"1647\">8 August \u2013 ITR-5 Excel utility<\/p>\n<\/li>\n<li data-start=\"1648\" data-end=\"1687\">\n<p data-start=\"1650\" data-end=\"1687\">14 August \u2013 ITR-6 Excel utility<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"1689\" data-end=\"1765\">This delay left taxpayers and professionals with limited preparation time.<\/p>\n<h3 data-start=\"1767\" data-end=\"1807\"><span class=\"ez-toc-section\" id=\"I-T_Departments_Tech_Advisory\"><\/span><span style=\"color: #000080;\"><strong data-start=\"1771\" data-end=\"1805\">I-T Department\u2019s Tech Advisory<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"1808\" data-end=\"1882\">To minimize disruptions, the department has advised using the following:<\/p>\n<ul data-start=\"1883\" data-end=\"2193\">\n<li data-start=\"1883\" data-end=\"1975\">\n<p data-start=\"1885\" data-end=\"1975\">Browsers: Microsoft Edge (v88+), Chrome (v88+), Firefox\/Mozilla (v86+), Opera (v66+)<\/p>\n<\/li>\n<li data-start=\"1976\" data-end=\"2041\">\n<p data-start=\"1978\" data-end=\"2041\">Operating Systems: Windows 7.x or above, Linux, or Mac OS<\/p>\n<\/li>\n<li data-start=\"2042\" data-end=\"2193\">\n<p data-start=\"2044\" data-end=\"2193\">Other Requirements: Enable CSS &amp; JavaScript, allow cookies, and use a valid Class 2\/3 Digital Signature Certificate (DSC) where applicable.<\/p>\n<\/li>\n<\/ul>\n<h3 data-start=\"2195\" data-end=\"2236\"><span class=\"ez-toc-section\" id=\"Weekend_Bank_Holiday_Concerns\"><\/span><span style=\"color: #000080;\"><strong data-start=\"2199\" data-end=\"2234\">Weekend &amp; Bank Holiday Concerns<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"2237\" data-end=\"2490\">The upcoming Sept 13\u201314 weekend coincides with the second Saturday bank closure, raising questions about the availability of banking services for last-minute tax payments and challan deposits. Clarification from officials is still awaited.<\/p>\n<h3 data-start=\"2492\" data-end=\"2532\"><span class=\"ez-toc-section\" id=\"Penalties_for_Missing_Deadline\"><\/span><span style=\"color: #000080;\"><strong data-start=\"2496\" data-end=\"2530\">Penalties for Missing Deadline<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-start=\"2533\" data-end=\"2570\">Missing the deadline can be costly:<\/p>\n<ul data-start=\"2571\" data-end=\"2711\">\n<li data-start=\"2571\" data-end=\"2647\">\n<p data-start=\"2573\" data-end=\"2647\">Late fee: Up to \u20b95,000 (capped at \u20b91,000 if total income &lt; \u20b95 lakh).<\/p>\n<\/li>\n<li data-start=\"2648\" data-end=\"2711\">\n<p data-start=\"2650\" data-end=\"2711\">Interest: 1% per month (or part thereof) on unpaid tax.<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"2737\" data-end=\"2775\">Tax professionals urge taxpayers to Check system\/browser compatibility in advance., Gather all necessary documents., File ITRs at the earliest possible, avoiding the final-day rush.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_Mandatory_ITR_Filing_Scenarios_for_Indian_Taxpayers\"><\/span><span style=\"color: #000080;\"><strong>What are Mandatory ITR Filing Scenarios for Indian Taxpayers ?<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-30033\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/09\/SITUATIONS-WHERE-ITR-FILING-BECOMES-MANDATORY.jpg\" alt=\"SITUATIONS WHERE ITR FILING BECOMES MANDATORY.\" width=\"956\" height=\"1452\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/09\/SITUATIONS-WHERE-ITR-FILING-BECOMES-MANDATORY.jpg 843w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/09\/SITUATIONS-WHERE-ITR-FILING-BECOMES-MANDATORY-198x300.jpg 198w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/09\/SITUATIONS-WHERE-ITR-FILING-BECOMES-MANDATORY-674x1024.jpg 674w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/09\/SITUATIONS-WHERE-ITR-FILING-BECOMES-MANDATORY-768x1166.jpg 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2025\/09\/SITUATIONS-WHERE-ITR-FILING-BECOMES-MANDATORY-800x1215.jpg 800w\" sizes=\"(max-width: 956px) 100vw, 956px\" \/><\/p>\n<p data-start=\"157\" data-end=\"227\">Situations Where Filing of Income Tax Return (ITR) is Mandatory :\u00a0 Even if your income is below the basic exemption limit, in certain cases filing of ITR is compulsory.<\/p>\n<ul>\n<li>Income exceeds basic exemption limit: INR 2.5 lakh for individuals, INR 3 lakh for senior citizens, INR 5 lakh for super senior citizens.<\/li>\n<li>Business or professional income: If you&#8217;re self-employed or running a business.<\/li>\n<li>Foreign assets or income: Holding assets or earning income outside India.<\/li>\n<li>Capital gains: From sale of property, stocks, mutual funds, etc.<\/li>\n<li>Agricultural income \u2265 INR 5,000: If combined with other income exceeding exemption limits.<\/li>\n<li>To claim a refund: If TDS is deducted or excess advance tax is paid.<\/li>\n<li>Advance tax obligations: If liable to pay advance tax during the year.<\/li>\n<li>Income from multiple sources: Salary, interest, rental income, etc., exceeding exemption limits.<\/li>\n<li>Resident with foreign assets\/income: Even if income is below exemption limit.<\/li>\n<li>Other official requirements: For loans, visa applications, or government mandates.<\/li>\n<\/ul>\n<p>Even if your taxable income is below the threshold, you must file ITR in the above cases.<\/p>\n<h3 data-start=\"2737\" data-end=\"2775\"><span class=\"ez-toc-section\" id=\"In_Summary\"><\/span><span style=\"color: #000080;\"><strong>In Summary,\u00a0<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>AIS, Form 26AS, TIS, and TRACES portals have experienced intermittent outages due to high traffic.<\/li>\n<li>As of September 11, only 5.47 crore ITRs had been filed, compared to 7.28 crore by July 31, 2024.<\/li>\n<li>Several professional bodies, including BCAS, FKCCI, and Tax Bar Associations, have requested an extension of the deadline.<\/li>\n<li>Key concerns include:\n<ul>\n<li>Delayed release of ITR forms and utilities (e.g., ITR-2 and ITR-3 released in July, ITR-5 and ITR-6 in August).<\/li>\n<li>Mismatch in AIS and Form 26AS data, complicating reconciliations.<\/li>\n<li>Portal performance issues, including login failures and slow response times.<\/li>\n<li>Overlap with festive season, reducing staff availability and client coordination.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>Despite mounting pressure, CBDT has not yet announced any extension. Tax experts advise filing as early as possible to avoid penalties and last-minute issues.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CBDT Extends Tax Exemption Window for SWFs &amp; Pension Funds The Central Board of Direct Taxes (CBDT) has officially extended the timeline for income tax exemptions under Section 10(23FE) of the Income Tax Act for Sovereign Wealth Funds (SWFs) and Pension Funds. The new deadline for qualifying investments is now March 31, 2030, up from &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10055],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/29922"}],"collection":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/comments?post=29922"}],"version-history":[{"count":3,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/29922\/revisions"}],"predecessor-version":[{"id":30034,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/29922\/revisions\/30034"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=29922"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=29922"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=29922"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}