ITR Filing Deadline Extended to September 15, 2025! More Time for Accurate Returns

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The Central Board of Direct Taxes (CBDT) has officially extended the deadline for filing Income Tax Returns (ITRs) for the Financial Year 2024–25 (Assessment Year 2025–26) from July 31, 2025, to September 15, 2025. This extension provides taxpayers with additional time to comply with the new tax filing requirements introduced this year.

📌 Key Reasons for the Extension

  1. Significant Revisions in ITR Forms: The ITR forms for AY 2025–26 have undergone structural and content changes aimed at simplifying compliance, enhancing transparency, and enabling accurate reporting.
  2. System Readiness and Utility Rollout: The Income Tax Department requires additional time to update and roll out the necessary utilities for the new ITR forms, ensuring a smooth and convenient filing experience for taxpayers.
  3. TDS Credit Reflections: Credits arising from Tax Deducted at Source (TDS) statements, due for filing by May 31, 2025, are expected to begin reflecting in early June. The extension allows taxpayers to file their returns with complete and accurate credit details.

✅ Benefits of the Extension

  • Additional Time for Accurate Filing: Taxpayers have more time to gather necessary documents, verify TDS credits, and ensure accurate reporting in their returns.
  • Reduced Risk of Errors: The extension minimizes the chances of errors due to rushed filings, leading to fewer notices and assessments.
  • Interest on Refunds: Taxpayers eligible for refunds may receive additional interest due to the extended period, as per Section 244A of the Income Tax Act.

⚠️ Potential Drawbacks

  • Interest on Tax Dues: While the filing deadline is extended, the due date for tax payment remains unchanged. Delayed payments may attract interest under Sections 234A and 234B.
  • Procrastination Risks: Some taxpayers may delay preparation, leading to last-minute issues and potential penalties if deadlines are missed.

📝 FAQs

Q1: Does the extension apply to all taxpayers?

A: The extension applies to taxpayers whose original due date was July 31, 2025, typically individuals and entities not requiring an audit.

Q2: Will there be penalties for filing after September 15, 2025?

A: Yes, filing after the extended deadline may attract penalties under Section 234F of the Income Tax Act.

Q3: Can I still pay taxes after July 31, 2025?

A: While you can pay taxes after July 31, delayed payments may incur interest charges. It’s advisable to pay dues by the original deadline.

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