Latest news with #Section44AB

Business Standard

Sept 15 is new deadline to file ITR but that's not for everyone: Here's why

The Central Board of Direct Taxes (CBDT) recently extended the deadline to file Income Tax returns (ITR) for non-audit cases from July 31 to September 15, 2025. Not all taxpayers are covered under this extension though. If your accounts are subject to audit, your ITR deadlines remain unchanged. Who didn't get the ITR extension? While salaried individuals and small business owners not subject to audit now have more time, taxpayers whose accounts need to be audited must still file their returns on the original dates as per the Income Tax Act. These include: Important dates for audit cases Here's a quick look at the unchanged deadlines for audit-related filings: September 30, 2025: Last date to submit tax audit reports under Section 44AB (for non-transfer pricing cases) October 31, 2025: Deadline for filing ITRs in audit cases November 30, 2025: ITR due date for taxpayers with transfer pricing requirements Such taxpayers must plan well in advance, as no extension is provided beyond these dates. For non-audit cases: New relief timeline Those not required to undergo audit, like salaried individuals and small businesses under presumptive tax, can now file returns by September 15, 2025, instead of the earlier July 31 deadline.