Officials quickly dismissed those claims. In a post on X (formerly Twitter), the department stated that it had already extended the deadline once, from July 31 to September 15. They made it clear that no further extension exists.

The department urged people to ignore fake news and follow only official announcements. To support taxpayers, it opened a 24×7 help desk for questions on ITR filing and tax payments. Officials advised everyone to complete their returns before midnight on September 15 to avoid penalties.

Tax experts also warned against last-minute delays. Heavy traffic on the filing portal may slow the process and create problems. The department assured that its systems are fully functional and encouraged taxpayers to file early rather than rely on unverified social media updates.

The post Income Tax Department Denies Deadline Extension for ITR Filing appeared first on India Podcast.

The confusion stems from Budget 2025, where Finance Minister Nirmala Sitharaman announced a rebate of up to ₹12 lakh under the new tax regime. However, this applies only from FY 2025-26. For the current year, the rebate limit remains ₹7 lakh. Filing is compulsory for anyone earning above ₹3 lakh, regardless of rebates.

Certified Financial Planner Ritesh Sabharwal explained, “The ₹12 lakh figure is a rebate, not an exemption, and starts next year. For FY 2024-25, income above ₹3 lakh must be filed.” Missing the September 15 deadline can lead to penalties up to ₹5,000, interest charges, refund delays, and scrutiny by the IT Department.

Experts urge taxpayers to act quickly. Collect documents like Form 16, 26AS, and bank statements, then file through the official portal incometax.gov.in. Timely filing secures refunds, maintains a financial record, and prevents penalties. Above all, filing builds long-term credibility for loans, visas, and subsidies.

The post Experts Warn Against Rs 12 Lakh ITR Misconception Before Deadline appeared first on India Podcast.