Income Tax Software Questions & Answers

Yes, if you miss the deadline of filing ITR, i.e., 15 September 2025, the penalty can be up to INR 5000 under Section 234F of the Income Tax Act. It may also result in losing some extra benefits, like carrying forward losses.

The Income Tax Department has clarified that the news of the extension of the ITR due date to 30 September 2025 is fake.

Earlier this year, the deadline to file ITR was 31 July 2025. But it was extended to 15 September 2025. However, despite fake claims circulating online, the due date has not been further extended to 30 September 2025.

It has been confirmed by the Income Tax Department that ITR filing date for 2025 has not been extended beyond 15 September 2025.

The best software for automating tax processes varies depending on your specific needs, but some top options include TurboTax for individual tax filing, QuickBooks for small businesses, and Avalara for sales tax automation. These platforms offer comprehensive features that streamline the tax filing process, including automatic calculations, tax compliance checks, and integration with financial data.

FreshBooks, Sage, & QuickBooks are some of the best accounting platforms used by accountants.

The best software for filing income tax return are as follows:

• EasyOffice
• ClearTax Income Tax
• Saral IncomeTax
• GEN Genius

The best Office management software for income tax, GST, company registration, TDS and tax audit is EasyOffice. The platform also provides its users with functionalities like flowcharts drawing program, vector graphics, a databases editor and a math formula editing application.

The interest rate for GST late payment is 18%.

Tax accountants commonly use professional accounting software like QuickBooks, Xero, or Intuit ProConnect Tax Online to streamline tax preparation, filing, and financial management processes for their clients.