INCOME TAX ITR FILING DUE DATE EXTENSION : LATEST NEWS

Income Tax ITR Filing Due Date Extension: Latest News for FY 2024-25 (AY 2025-26)

In a significant update for taxpayers, the Central Board of Direct Taxes (CBDT) has officially extended the last date for filing income tax returns (ITR) for Financial Year 2024-25 (Assessment Year 2025-26). The previous deadline of July 31, 2025, has been pushed ahead by the government to provide relief and sufficient time for individuals and businesses to file their returns.

New ITR Filing Due Date Announced

According to official notifications reported by major publications including The Economic Times, The Times of India, and Business Standard, the new due date for filing ITR for FY 2024-25 (AY 2025-26) is now September 15, 2025. This change offers taxpayers an additional period of over six weeks to complete and submit their income tax returns.

Reason for Extension

While the CBDT’s official notifications explain the revised timeline, reports published by Upstox and others highlight that such extensions are often made in the interest of both taxpayers and tax professionals. The additional time is intended to address various procedural or technical difficulties in filing, as well as to ensure compliance with all new regulatory requirements. Such extensions can also help accommodate any updates to ITR forms or changes made in the income tax laws for the assessment year.

What Taxpayers Need to Do

With this revised deadline, all individual taxpayers, businesses, and entities required to file their ITR for the previous financial year now have until September 15, 2025, to do so without incurring any late fees or penalties. Experts recommend that taxpayers make use of this extended timeline to:

– Collect and organize necessary documents (Form 16, TDS certificates, capital gain statements, bank interest certificates, etc.).
– Ensure accuracy in filling out the ITR form to avoid later scrutiny or notices from the tax department.
– E-verify their ITR within the specified timelines after submission to complete the filing process.
– Consult with tax professionals if there are changes or complexities in their income or investment patterns for FY 2024-25.

Impact of the Extension

The extension is expected to bring relief to millions of taxpayers and accountants who typically face pressure as the deadline approaches. It also enables smoother handling of the overall tax-filing process and ensures better compliance, particularly where updated income or deduction rules are involved.

No Change for Previous Years

It is important to note that this deadline extension applies only for ITR relating to FY 2024-25 (AY 2025-26). Taxpayers who still have returns outstanding for earlier years must follow the relevant rules and deadlines, as this extension does not affect prior assessment years.

Official Sources and Ongoing Updates

For further details, taxpayers are advised to visit the official Income Tax Department website or refer to major news outlets.

Key Takeaway

The extension of the ITR filing due date to September 15, 2025, for FY 2024-25/AY 2025-26 is a welcome move, aiming to provide greater flexibility and convenience for taxpayers across India. Taxpayers are encouraged to plan ahead and file their returns well before the deadline to avoid any last-minute hassles.