ITR Filing Deadline Extended to September 15, 2025

The Central Board of Direct Taxes (CBDT) has extended the deadline for filing Income Tax Returns (ITRs) for the financial year 2024-25 (assessment year 2025-26) from July 31 to September 15, 2025.

This extension aims to provide taxpayers with additional time to comply with the updated filing requirements. 

Top 5 Key Insights:

• Revised Deadline: Taxpayers now have until September 15, 2025, to file their ITRs for FY 2024-25, offering a 46-day extension from the original July 31 deadline. 

• Reasons for Extension: The delay in releasing updated ITR forms and the necessary filing utilities prompted the CBDT to extend the deadline, ensuring taxpayers have adequate time to file accurately. 

• System Updates: The Income Tax Department is working on system integrations to accommodate the revised ITR forms, which aim to simplify compliance and enhance transparency. 

• Advisory for Taxpayers: Experts recommend waiting until mid-June to file returns, as TDS certificates (Form 16) and other necessary documents are typically issued by then, ensuring accurate filings.

• Impact on Salaried Individuals: The extension particularly benefits salaried employees, providing them with additional time to gather necessary documents and file their returns without incurring penalties. 

Wrap-up:

This extension underscores the importance of adaptability and proactive planning in financial matters, allowing taxpayers to navigate changes effectively and maintain compliance.