On 27-5-2025, the Central Board of Direct Taxes issued extended the due date of filing of Income Tax Returns for the AY 2025-26 by 15-9-2025. This extension is expected to mitigate the concerns raised by stakeholders and provide adequate time for compliance, which will ensure the integrity and accuracy of the return filing process.
Key Points:
-
Earlier, the due date for filing Income Tax Returns (‘ITRs’) was 31-7-2025.
-
The notified ITRs for AY have undergone structural and content revisions aiming to:
-
Simplify compliance;
-
Enhance transparency;
-
Enable accurate reporting.
-
-
The changes have necessitated additional time for system development, integration, and testing of corresponding utilities.
-
Credits arising from TDS statements, due for filing by 31-5-2025, are expected to begin reflecting in early June, which limits the effective window for return filing in the absence of this extension.