Time Extension For Tax Return In Fairfax
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Virginia gives everyone an automatic six-month extension for filing an income tax return. You don't need to file any form - the extension is automatic. The extension is for filing a return, not for paying the tax you owe.
New Filer or Address Has Changed Virginia automatically grants all taxpayers a 6-month extension of time to file their income tax return. For calendar year filers, the filing date is automatically extended to November 1.
The Central Board of Direct Taxes (CBDT) has extended the deadline for resident individuals to file their belated or revised Income Tax Returns (ITR) for the Assessment Year (AY) 2024-25. The original deadline of December 31, 2024, has now been pushed to January 15, 2025.
Virginia allows an automatic 6-month extension to file your return (Nov. 1 for most filers). No application is required.
Personal. We give you an automatic 6-month extension to file your return.
Note: This applies to belated returns filed after the due date but on or before December 31st of the assessment year. Starting from the financial year 2021, the income tax department has reduced the maximum penalty for late filing of returns from Rs. 10,000 to Rs. 5,000.
The Failure to File penalty is 5% of the unpaid taxes for each month or part of a month that a tax return is late. The penalty won't exceed 25% of your unpaid taxes.
Individual income tax returns are typically due April 15, unless the date falls on a weekend or holiday or you file Form 4868 seeking an extension until October 15.
You would owe a penalty for late filing if your return shows a balance due and the return was filed after the due date. This penalty would be 6% per month or portion of the month the return is late.
