ITR Filing: Great news for taxpayers! The deadline for filing Income Tax Returns (ITR) for the Financial Year 2024-25 (Assessment Year 2025-26) has been extended. The Central Board of Direct Taxes (CBDT) has pushed the last date for filing ITR for general taxpayers from July 31, 2025, to September 15, 2025. This decision has primarily been taken due to various changes introduced in the new income tax return forms and the time needed for technological system upgrades.
Reasons for the Extension:
The CBDT has stated that several important modifications have been made to the ITR forms for Assessment Year 2025-26. These changes aim to simplify the return filing process for taxpayers, enhance transparency, and ensure the accuracy of information. Additional time is required for necessary system updates and testing on the Income Tax Department’s online portal to align with these new forms.
Furthermore, TDS (Tax Deducted at Source) credits from statements filed by May 31, 2025, may take until early June to be reflected in taxpayers’ forms. Considering all these aspects, and to provide taxpayers with a smooth and convenient filing experience, this deadline has been extended. As a result, taxpayers will get an additional 46 days to prepare and file their returns accurately.
Key Highlights:
- Previous Deadline: July 31, 2025
- New Extended Deadline: September 15, 2025
- Applicable Financial Year: FY 2024-25 (Assessment Year 2025-26)
- Main Reasons: Changes in new ITR forms, system upgradation, and time for TDS credit reflection.
- Who Benefits: Primarily salaried employees and general taxpayers whose accounts do not require an audit.
Important Points for Taxpayers (Practical Takeaways):
- Utilize this extra time effectively to gather all necessary documents and prepare your income tax return accurately.
- Familiarize yourself with the changes in the new ITR forms and seek expert advice if needed.
- Try to file your return well before the extended deadline to avoid any last-minute rush.
This extension of the deadline is undoubtedly a significant relief for taxpayers. It is hoped that taxpayers will make good use of this opportunity to fulfill their income tax responsibilities correctly. The CBDT is expected to issue a formal notification regarding this extension soon.
