India, Sept. 16 -- The Income Tax Department on Monday extended the deadline to file income tax returns for the financial year 2025-26. The earlier deadline of 15 September was pushed by one day, making 16 September the last date to file your returns. Those who failed to file ITR on Monday can still do so without paying an extra fine on Tuesday.

If someone fails to file ITR before the deadline, the consequences can include late filing fees, losses not getting carried forward, deductions and exemptions not being available.

In case a person misses filing ITR within the due date, they can still file it; however, a late fee of up to Rs.5000 will be applied for filing later. Further, an individual will also be required to pay interest on the...