The deadline for filing Income Tax Returns (ITR) for the financial year 2024-25 has been extended. The new due date is September 15, 2025. This change follows representations from chartered accountants and professional bodies. The previous deadline was July 31, 2025. Extension, announced by the Central Board of Direct Taxes (CBDT)
Why is the Tax Returns (ITR) filing deadline extended
Tax professionals requested the extension due to several challenges taxpayers faced:
- Users experienced errors, slow logins, and failures on the income tax e-filing portal.
- Discrepancies between the Annual Information Statement (AIS) and Form 26AS created confusion. This forced taxpayers to spend extra time reconciling their tax credit data.
- Updated ITR forms and utilities were released late, leaving a shorter filing window.
- The Institute of Chartered Accountants of India (ICAI) introduced new disclosure requirements, adding to the compliance burden.
Also Check: Income-Tax Bill 2025: Simplifying Taxes for Senior Citizens
The deadline for taxpayers whose accounts require an audit remains September 30, 2025.
Filing your return by the new deadline is crucial. Missing the September 15 due date can have consequences. You may face late fees and interest under Section 234F. You may also incur interest under Sections 234A, 234B, and 234C. Taxpayers can also lose the option to carry forward certain losses.
