What are the consequences of missing the September 16, 2025 ITR deadline?

Consequences include: - ₹5,000 penalty if income above ₹5 lakh - No carry forward of losses - Extra interest charges on tax due - Delay in refund So it’s best not to wait till the last moment.

If you miss the deadline, you can still file a belated return until 31st December 2025. But you will face late fees, possible interest on tax dues, and you cannot carry forward certain losses like business or capital losses. Also, refunds may get delayed.