ITR submitting FY 2024-25: The cut-off date to record Source of revenue Tax Returns (ITR) for AY 2025-26 is September 15, 2025. Once a year the ITR submitting cut-off date is July 31, 2025, however this 12 months the Source of revenue Tax Division prolonged it by way of a month-and-a-half as adjustments in ITR paperwork and Excel utilities required extra backend arrangements.The cut-off date used to be prolonged for non-audit taxpayers, together with most people, Hindu Undivided Circle of relatives (HUFs), and different entities no longer matter to auditIn instances the place a taxpayer’s accounts don’t require auditing below the Source of revenue Tax Act, it’s termed as a non-audit case. This class most often comprises
- People and HUFs incomes source of revenue thru wage, pension, area assets, capital features, or different assets.
- Industry homeowners and execs who make a choice the presumptive taxation scheme (Sections 44AD, 44ADA, 44AE) with turnover beneath the audit requirement threshold.
Will the ITR submitting cut-off date be prolonged?
The ITR cut-off date has already been prolonged to September 15, 2025 from July 31, 2025. As of now there’s no intimation of the Source of revenue Tax Division having a look to increase the ITR submitting cut-off date. It’s subsequently recommended that you simply record your ITR sooner than the September 15, 2025 cut-off date to steer clear of final minute rush or a penalty for not on time submitting after September 15.
- Start by way of gaining access to incometax.gov.in and authenticate the use of your PAN/Aadhaar credentials and password.
- Navigate thru e-Record, choose Source of revenue Tax Go back and continue to Record Source of revenue Tax Go back.
- Make a choice the evaluate 12 months AY 2025-26 and determine your appropriate shape.
- Read about the auto-populated data, together with wage main points, TDS and financial institution pastime.
- Come with any further source of revenue or deductions and choose your most popular tax regime (Previous/New) sooner than ultimate submission.
CBDT statistics point out a gentle building up in ITR submissions, demonstrating enhanced tax compliance and an increasing taxpayer base. Throughout AY 2024-25, ITR submissions reached an exceptional 7.28 crore by way of July 31, 2024, appearing a 7.5% building up from the former 12 months’s 6.77 crore submissions in AY 2023-24.
ITR submitting FY 2024-25: What’s the past due submitting penalty?
When source of revenue tax returns are submitted past the stipulated due date, a past due submitting price is acceptable. The usual price stands at Rs 5,000, while for the ones with general source of revenue beneath Rs 5 lakh, the price is proscribed to Rs 1,000.Moreover, not on time submissions incur an extra per month pastime price of one% on remarkable tax quantities, break free the past due submitting penalty.