Filing the Income Tax Return (ITR) is a crucial annual exercise for every taxpayer in India. While the process has become increasingly digital and streamlined, many people still have queries regarding who needs to file, ITR forms to choose, deadlines and the documents required, among others.Here are answers to some of the most frequently asked questions (FAQs) on ITR filing that can help you navigate the process with ease.ITR Filing: Five Biggest Income Tax Myths And MisconceptionsWho Needs To File An ITR?If your total income exceeds the basic exemption limit — Rs 2.5 lakh for individuals below 60 years, Rs 3 lakh for those between 60 and 80 years and Rs 5 lakh for those above 80 years — you are required to file an ITR. Additionally, even if your income is below the threshold, filing is necessary if you have foreign assets, want to claim a refund, or apply for a loan or visa.What Is The Deadline To File ITR For FY 2024-25 (AY 2025-26)?The deadline for filing ITR for individual taxpayers who don’t need their accounts to be tax audited is September 15, 2025. The deadline has been extended from the usual July 31. But if your accounts need to be audited, the deadline is Oct. 31. Belated returns can be filed up to Dec. 31. Filing ITR early is always advisable to avoid last-minute errors or penalties.What Documents Do I Need To File My Return?Some of the essential documents include:Form 16 (provided by your employer)Form 26AS (tax credit statement)Annual Information Statement (AIS)Interest certificates from banksTDS certificatesCapital gains statement (if applicable)Details of foreign assets (if any)Investment proofs for deductions (under Sections 80C, 80D, etc.)Which ITR Form Should I Use?There are different forms depending on your income sources:ITR-1 (Sahaj): This form is for resident individuals with a total income of up to ₹50 lakh. It covers income from salary, one house property, or other sources like interest. Non-resident Indians (NRIs) cannot use this form. Salaried individuals can use Form 16 to file ITR-1.ITR-2: Meant for individuals and Hindu Undivided Families (HUFs) who do not have income from business or profession. It is suitable for people, including NRIs, who earn from salary, house property, capital gains, or other sources. This form is commonly used by salaried individuals who also have gains or losses from the stock market.ITR-3: This is for individuals who earn income from business or professional work. Salaried individuals involved in intraday trading or derivatives (futures and options) should file ITR-3. It allows reporting of income from salary, property, capital gains, business/profession (including presumptive income), and other sources.ITR-4 (Sugam): Designed for individuals, HUFs, and firms (excluding LLPs) under the presumptive taxation scheme. It can be used to report business income up to ₹2 crore under Section 44AD or professional income up to ₹50 lakh under Section 44ADA. Freelancers working in notified professions can also use ITR-4.ITR-5: This form is used by LLPs (Limited Liability Partnerships), AOPs (Association of Persons), and BOIs (Body of Individuals) to report income from business, profession, or other sources.ITR-6: This is for companies other than those claiming exemption under Section 11 (charitable or religious trusts). It is used to report all types of income including business or professional income.ITR-7: This form is meant for entities like trusts, political parties, and institutions that are exempt from paying income tax under various sections such as 139(4A), 139(4B), 139(4C), and 139(4D).What Happens If I Miss The ITR Deadline?If you fail to file ITR by the due date, you can still file a belated return by December 31, 2025, but with a late fee, up to Rs 5,000 under Section 234F. Additionally, if you have any unpaid tax, interest and penalties will apply.Is It Possible To Revise My Return After Filing?Yes. If you discover an error in your original return, you can file a revised return any time before December 31, 2025, or before the completion of assessment — whichever is earlier.Do I Need To E-Verify After Filing?Your return is not complete unless it is verified. You can e-verify through Aadhaar OTP, net banking, demat account, or by sending a physical ITR-V form to CPC, Bengaluru.Filing your ITR on time not only keeps you compliant with tax laws but also helps build financial credibility. If you’re unsure about any part of the ITR filing process, it’s best to consult a qualified tax professional.Income Tax Return Filing: Excel Utilities for ITR-1, ITR-4 Released, Check How To Use. Read more on Personal Finance by NDTV Profit.