ITR Submitting: This yr, the Source of revenue Tax Division has greater the closing date for submitting ITR first from 31 July to fifteen September. Now there’s handiest about 1 week left for the tip of the brand new closing date, however nonetheless many taxpayers have now not been in a position to document returns. In this type of state of affairs, taxpayers and execs are challenging to extend the closing date once more.
Why call for to extend closing date?
This yr, the problem has arisen in entrance of taxpayers and tax execs because of past due issuance of Source of revenue Tax Go back (ITR) Utilities. Technical issues also are ongoing at the portal. Those come with widespread classes timeouts, Annual Data Statements (AIS) and Shape 26AS. Because of those causes, the submitting procedure has transform extra advanced and disturbing than prior to.
Availability of shape necessary
Himank Singhala, spouse of SBHS & Buddies, says, “Go back bureaucracy and well timed availability of utilities in each and every tax season are crucial for right kind compliance. Additionally, ok submitting window is helping the taxpayers and execs satisfy their duties correctly.
He mentioned that ITR-4 and ITR-6 had been launched on 1 April 2024 from ITR-1 closing yr, ITR-5 was once launched on 31 Would possibly and ITR-7 21 June. This led the taxpayers to get about 3 months preparation prior to the closing date of 31 July.
The placement is other this yr
This yr, the placement has totally modified. CBDT greater the closing date of non-audit instances from 31 July 2025 to fifteen September 2025. On the other hand, the utilities of ITR-5, ITR-6 and ITR-7 had been launched in August. ITR-2 and ITR-3 had been additionally launched on 11 July 2025. This left the taxpayers and execs to have little or no time to finish the submitting.
CA Pratibha Goyal mentioned, ‘The closing date of ITR must be greater, in order that the hurry of the closing time may also be have shyed away from. The past due unencumber of ITR utilities has all tousled.
Cut-off date power greater
The placement changed into extra advanced as a result of many points in time are in combination. Tax audit record must be submitted by way of 30 September, because of which the time for transition in audit reporting from non-audit go back submitting may be very brief. As well as, the ROC closing date below the Corporations Act may be in September. This has greater the power of compliance with many regulations.
Not more take pleasure in extension
In Would possibly 2025, CBDT had prolonged the closing date of non-audit ITR until 15 September in view of sensible difficulties. However the primary utilities had been launched in August. Mavens say that because of this the taxpayers didn’t take complete good thing about the extension.
Himanka Singhala says, ‘You will need to to extend the closing date after September 15. This isn’t only a topic of comfort, however a question of equity and practicality. ‘
Final minute submitting dangerous
Will have to taxpayers watch for extension? In line with the tax professional, this must now not be finished. Taxpayers must document returns once conceivable.
Taxbuddy.com founder Sujit Banjar says, “The closing minute submitting ends up in actual issues. The income-tax portal turns into sluggish or freeze in top visitors. Technical disturbances similar to verification failure, Aadhaar Extend, or repairs within the portal are not unusual.
His caution is that on the closing minute elevating proof of revenue and deduction is relatively at a loss for words. Errors made below power could cause harm to taxpayers, similar to shedding the lack of loss set-off. Sujit Banjar says, “Early submitting now not handiest guarantees accuracy, but in addition reduces psychological rigidity.”