Tax Deadline for Income Filing: Consequences of Late Submission
In the financial world, September 2025 is shaping up to be a significant month. Here are some key dates and updates that you should be aware of.
Income Tax Return Filing
The due date for income tax return filing for individuals and businesses is September 4, 2025. It is crucial to meet this deadline to avoid penalties and fines for late filing. The Income Tax Department of India sets this date as the deadline for submitting the tax returns.
The income tax return filing process involves calculating the taxes owed based on the income reported and submitting the return to the Income Tax Department of India. Missing the ITR deadline may result in penalties and fines. However, with the help of a tax advisor, the deadline for submitting the tax return for the year 2025 extends to March 2, 2027.
Stock Market and Economy
In the stock market, September 2025 signals a positive opening with Nifty predictions pointing towards a favourable market. Dow futures, Asian Markets, and Nifty predictions are all important factors to consider in the stock market today.
One stock that has been making headlines is a company that has returned 2442% in 5 years and has declared its first-ever STOCK SPLIT and DIVIDEND.
New Insurance Scheme
In the insurance sector, a new scheme targeted towards rural India, the Bima Vistaar Yojana, has been introduced. This scheme offers 5 specific benefits to its policyholders.
GST Reforms and Auto Sector
GST Reforms 2025 may have a significant impact on the auto sector, according to Maruti Suzuki's RC Bhargava.
Other Financial News
Goldman Sachs predicts a potential up to 50% rally in gold prices for 2026. In other news, Google has been fined USD 381 million in France due to a specific reason.
Business Troubles
Anil Ambani is facing fresh trouble due to the declaration of RCom loan accounts as fraud by a bank.
The Bima Vistaar Yojana
The Bima Vistaar Yojana is a new insurance scheme targeted towards rural India. This scheme offers 5 specific benefits to its policyholders.
Best Stocks to Buy
The best 10 stocks to buy after GST rate cut include Hero MotoCorp, Trent, Maruti, HDFC Life, and more.
Importance of ITR Filing
The income tax return filing due date is relevant for individuals and businesses who need to file their tax returns with the Income Tax Department of India. The Income Tax Department of India is responsible for the collection and administration of income taxes in India. The due date for the stock split and dividend declaration is in September, but it is not mentioned in this paragraph.
Penalties for Late Filing
The Income Tax Department of India may impose penalties for late filing of income tax returns. It is essential to file your returns on time to avoid any penalties or fines.
In conclusion, September 2025 is a crucial month for both investors and businesses in India. Keep these key dates and updates in mind to make informed decisions and stay ahead in the financial world.
