The Central Board of Direct Taxes (CBDT) has extended the new ITR filing deadline for the Assessment Year 2025–26. Originally set for July 31, 2025, the deadline is now September 15, 2025.
📌 Reasons for the Extension
The CBDT cited several reasons for the extension:
- Structural and Content Revisions: The notified ITRs for AY 2025–26 have undergone significant changes aimed at simplifying compliance and enhancing transparency. These revisions require additional time for system development and integration. ETCFO.com+4The Economic Times+4Hindustan Times+4
- Delay in Issuing ITR Forms and Utilities: The release of the official notification for the income tax return forms and the utilities required for filing has been delayed, necessitating an extension. The Economic Times
- TDS Credit Reflections: Credits arising from TDS statements, due for filing by May 31, 2025, are expected to begin reflecting in early June, limiting the effective window for return filing in the absence of such extension. SAG Infotech Official Blog+3The Economic Times+3Press Information Bureau+3
✅ Actions Taxpayers Should Take Now
With the new ITR filing deadline in place, taxpayers should:
- Gather Necessary Documents: Collect all relevant financial documents, including Form 16, Form 26AS, interest certificates, and investment proofs.
- Verify TDS Credits: Ensure that all Tax Deducted at Source (TDS) credits are accurately reflected in Form 26AS and the Annual Information Statement (AIS).
- Utilize Pre-Filled Forms: The income tax portal provides pre-filled ITR forms. Review these carefully for accuracy before submission.
- Avoid Early Filing: Tax experts advise postponing the filing of ITRs until June 15, 2025, as Form 16 and Form 16A, which contain crucial TDS information, are typically issued after this date. Filing before receiving these forms may lead to discrepancies.
⚠️ Consequences of Missing the Deadline
Failing to file the ITR by the new ITR filing deadline of September 15, 2025, can result in:
- Late Filing Penalty: A penalty of up to ₹5,000 under Section 234F.
- Interest on Tax Due: Interest charges under Sections 234A, 234B, and 234C for delayed payment.
- Loss of Benefits: Ineligibility to carry forward certain losses to future years.
🔗 Useful Resources
- Income Tax e-Filing Portal: https://www.incometax.gov.in/
- Form 26AS and AIS Access: Available through the e-filing portal for verifying TDS and other income details.
- Taxpayer Assistance: For queries, contact the Income Tax Department’s helpline or consult a certified tax professional.
📅 Conclusion
The extension of the new ITR filing deadline to September 15, 2025, offers taxpayers additional time to ensure accurate and compliant filing. By staying informed and proactive, taxpayers can avoid penalties and contribute to a smoother tax administration process.
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