New Delhi, Aug. 6 -- Failing to submit your Income Tax Returns (ITR) for several years can have serious consequences for individuals. Repeated delays, omissions attract mounting penalties, legal complications, and other associated challenges. Such mismanagement of tax filing can create financial barriers and cause a rift in long-term planning.

As a well-informed taxpayer, you should focus on meeting deadlines and following the rules and regulations set by the income tax department. Do keep in mind that the ITR deadline for the Assessment Year 2025-26 is September 15, 2025.

Serial non-filing or income tax submission is met with stern action by authorities:

The cost of non-compliance is not just limited to penalties:

The government now ...