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ITR Filing Last Date FY 2024-25 (AY 2025-26): Updated deadline for filing income tax returns in India for salaried individuals, companies, and more
ITR Filing Last Date FY 2024-25 (AY 2025-26): Updated deadline for filing income tax returns in India for salaried individuals, companies, and more

Indian Express

time29-05-2025

  • Business
  • Indian Express

ITR Filing Last Date FY 2024-25 (AY 2025-26): Updated deadline for filing income tax returns in India for salaried individuals, companies, and more

ITR Filing Updated Last Date FY 2024-25 (AY 2025-26): As the income tax season approaches, individuals and companies across India must exercise their civic obligations by filing their income tax returns (ITR) on time. A common mistake which taxpayers tend to make is delaying or missing the ITR filing date, which ultimately could result in taxpayers losing certain rights, facing penalties, and incurring interest on unpaid taxes. According to the latest notification issued by the Central Board of Direct Taxes (CBDT), it has been decided to extend the deadline for filing returns due to the extensive changes introduced in the notified Income Tax Returns (ITRs) and the time required for system readiness and rollout of ITR utilities for Assessment Year (AY) 2025-26. The ITR filing process usually begins on April 1st of the assessment year; so, for Fiscal Year 2024-25 (Assessment Year 2025-26), filing should have begun on April 1, 2025; however, due to significant modifications in the ITR forms, the ITR filing process is now scheduled to begin in June 2025. To provide a seamless and convenient filing experience for taxpayers, the deadline for filing ITRs, which was originally due on July 31, 2025, has been extended to September 15, 2025. However, if one misses the ITR filing date, they can file a belated return by Wednesday, December 31, 2025, with penalties and interest. Source:

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