Income Tax Filing Due Dates for FY
2024-25 (AY 2025-26)
|
Category of Taxpayer |
Due Date for Tax Filing - FY 2024-25 *(unless
extended) |
|
Individual / HUF/ AOP/ BOI
|
15th September 2025 |
|
Businesses (Requiring Audit) |
31st October 2025 |
|
Businesses requiring transfer pricing reports (in
case of international/specified domestic transactions) |
30th November 2025 |
|
Revised return |
31st December 2025 |
|
Belated/late return |
31st December 2025 |
|
Updated return |
31 March 2030 (4 years from the end of the relevant
Assessment Year) |
Consequences
of Missing the ITR Filing Deadline
Interest
If you
submit your return after the deadline, you will be liable to pay interest at a
rate of 1% per month or part month on the unpaid tax amount as per Section 234A.
Late fee
In case of
late filing, Section 234F imposes a late fee of
- Rs.5,000, if your total income
exceeds Rs. 5 Lakh.
- Rs.1,000, if your total income is within Rs.5 lakh
The last date to file your ITR-U for
FY 23-24 (AY 2024-25) is till 31st March 2027.
Important
Note: March
2025, is the last date for ITR-U for AY 2022-23.
What is
ITR-U?
ITR-U or
Updated Income Tax Return, is a form that allows taxpayers to update their ITRs
by correcting errors or omissions or allows a taxpayer to file ITR if they have
not filed ITR within the due date and also missed to file the belated return,
within two years from the end of the relevant assessment year. For example, if you filed an ITR for
AY 2023-24 and missed the revised/belated return filing window, you can file an
ITR-U after the end of the assessment year, i.e. 31 March 2024 but within two
years from there, i.e. 31 March 2026. Please note that ITR-U filing for AY
2023-24 has started from 1st January 2024.
Section 139(8A) under the Income Tax Act allows you a chance to update
your ITR within two years. Two years will be calculated from the end
of the year in which the original return was filed. ITR-U was introduced to
optimize tax compliance by taxpayers without provoking legal action.
GST RETURNS DUE DATES
