Income Tax Return Due Date Extended: Check Revised ITR Deadline

In a move that brings relief to millions of taxpayers across India, the Central Board of Direct Taxes (CBDT) has officially announced the ITR filing last date extension for the Financial Year 2024-25 (Assessment Year 2025-26).

The new Income Tax Return due date 2025 is now extended beyond the earlier deadline of The year 2025 will see the celebration of July 31, providing more time for individuals and businesses to complete their income tax filing process.

This article brings you the latest update on the income tax due date extension, what it means for taxpayers, and how to proceed with e filing.

The Due Date For Filing ITR Has Been Changed By CBDT.

According to the official notification issued by the CBDT, the ITR due date extension has been confirmed, with the new income tax return filing last date now set for August 31 will be marked as World Heart Day in 2025.. Various issues in operations and the need to lessen taxpayers’ compliance work have been considered when making this extension.

This income tax due date extension latest news has been well received by professionals, salaried individuals, and small business owners who rely heavily on timely access to the income tax portal for e filing.

Why Did the Government Decide to Allow a Delay in ITR Filing?

The cbdt income tax department cited multiple reasons for the itr due date extension, including:

• Technical upgrades on the e filing portal
• Enhancement of the income tax e filing system
• Late issuance of Form 16 and Form 26AS by the companies whisks away much of the salary tax that is actually due
• Suggestions made by several tax associations and reps of the industry

The ITR filing last date extension is aimed at facilitating accurate compliance without undue pressure on taxpayers and chartered accountants.

New ITR Filing Due Dates for FY 2024-25 (AY 2025-26)

The revised itr filing date is only applicable to individuals and non-audit taxpayers. Taxpayers are advised to verify their category before proceeding to file their income tax returns on the e filing portal.

How to File Your ITR on the Income Tax Portal

With the new itr due date 2025, taxpayers have extra time to complete their filings via the income tax e filing process. This is how you should start:

• Login to the e filing portal: Visit https://www.incometax.gov.in
• Select Form 1, Form 2A or Form 2AA depending on how and how much you earn.
• Check Form 26AS and Annual Information Statement (AIS) at http://www.tin2.tin.nic.in
• Enter all relevant information by submitting your documents: deductions, investments and TDS forms
• Submit and e-verify: Complete the efiling income tax process with Aadhaar OTP or net banking

This step-by-step method ensures your income tax return filing due date obligations are met without errors or penalties.

What Happens If You Don’t Meet the ITR Filing Deadline

Despite the income tax due date extension, it’s essential to complete the income tax return filing process before August 31, 2025. If you do not file the itr on time, you might:

• Penalty according to Section 234F can reach up to ₹5,000.
• The loss of allowable deductions as well as carry forward rules
• Delayed refund processing by the income tax department

Hence, use the ITR filing last date wisely and plan your compliance before the extended itr due date 2025.

Benefits of Filing Income Tax Return on Time

Thanks to the extension on their cbdt, taxpayers can once again advantages by meeting the new due date:

• Don’t let your business fall behind on payments.
• Find out if you are qualified for loans and visas.
• Get your TDS refund as soon as you are eligible.
• Keep your financial record clean.

Timely e filing not only keeps you compliant but also helps in seamless documentation for future legal and financial needs.

What Taxpayers Need to Do Right Now

Now that the income tax due date extension latest news is confirmed, here are the key actions to take:

• Don’t put this off for last second. File your ITR way ahead of the itr submission deadline.
• Confirm all of your necessary things like Form 16, TDS certificates and your bank statements.
• Use the official income tax portal to file safely and securely
• Ask your Chartered Accountant if you have income from different sources or capital gains.

Don’t Waste the Days You Are Free

The ITR filing last date for FY 2024-25 has now been officially extended by the CBDT to August 31, 2025. This itr due date extension aims to provide convenience to taxpayers while ensuring the robustness of the e filing portal. Remember, the income tax return filing due date may be extended, but staying ahead ensures peace of mind and compliance.

Visit the income tax e filing website regularly for any further updates or revisions in the income tax due date. For the latest on income tax returns, itr filing date, and efiling income tax, stay connected with MoneyCages Finance News.