🗓️ Income Tax Filing Deadlines for FY 2024–25: Don’t Miss These Key Dates
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In this guide, “Income Tax Filing Deadlines for FY
2024–25: Don’t Miss These Key Dates,” we outline all the important due
dates for filing your Income Tax Returns, from July 31 for non-audit taxpayers
to March 31, 2026, for updated returns. Missing these deadlines can lead to
penalties, interest, and loss of benefits. This article will help taxpayers
stay compliant and avoid common filing mistakes during the assessment year
2025–26.
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🗓️ Key Deadlines for Income Tax Return (ITR) Filing – FY 2024–25 (AY 2025–26)
1. July 31, 2025 – Deadline for Non-Audit Taxpayers
This is the last date for individuals and entities not requiring an audit—such as salaried individuals, freelancers, small businesses, Hindu Undivided Families (HUFs), and partnerships not under audit—to file their ITR for FY 2024–25. Filing beyond this date may attract penalties and interest even if no tax is due, making timely compliance crucial.
2. October 31, 2025 – Audit Cases
Businesses and professionals whose accounts need to be
audited under the Income Tax Act must file their returns by this date. It
typically includes companies, LLPs, and partnerships exceeding turnover
thresholds.
3. November 30, 2025 – Transfer Pricing Returns
Entities involved in international or specified domestic
transactions requiring a transfer pricing report (Form 3CEB) must file their
ITR by this extended deadline.
4. December 31, 2025 – Belated and Revised Returns
If the original due dates are missed, taxpayers can file
belated returns by this date, though with penalties. Also, revised returns (to
correct any errors in the original return) must be filed by this date.
5. March 31, 2026 – Updated Returns under Section 139(8A)
This is the final opportunity to update returns for FY
2024–25, even after the belated/revised deadline, provided additional tax is
paid. It helps in voluntarily disclosing omitted income or correcting major
errors.
📅 Key ITR Deadlines (One View)
|
Category |
Due Date |
Applicability |
|
Non-Audit Taxpayers |
July 31, 2025 |
Salaried, HUFs, freelancers, small businesses |
|
Audit-Required Taxpayers |
October 31, 2025 |
Businesses/professionals requiring mandatory audit |
|
Transfer Pricing Cases |
November 30, 2025 |
International/domestic transactions with Form 3CEB |
|
Belated/Revised Return Filing |
December 31, 2025 |
Missed or corrected returns (penalties apply) |
|
Updated Return (u/s 139(8A)) |
March 31, 2026 |
Last resort to declare omitted income with extra tax (Last amended 4 Year) |
⚠️ Consequences of Missing the Deadline
- Penalty Under Section 234F: A delay beyond July 31 can attract a ₹5,000 penalty. If total income is below ₹5 lakh, the penalty is limited to ₹1,000.
- Interest Under Section 234A: 1% interest per month is charged on the unpaid tax amount from the due date till the date of filing.
- Loss of Carry Forward Benefits: Losses under capital gains or business income (except house property) cannot be carried forward unless the return is filed on time.
- Ineligibility for Old Tax Regime: In some cases, late filing may prevent taxpayers from opting for the old regime with exemptions and deductions.
✅ Filing Advice
- File Early: Filing well before July 31 helps avoid last-minute hassles, server issues, and ensures enough time for error correction.
- Revised Return: Use this option before December 31 if any mistake is discovered post-filing.
- Belated Return: Better late than never—though penalties apply, belated returns help regularize compliance.
- Updated Return: The due date is 31st March 2030 for taxpayers who want to voluntarily update their return to report extra income, even if they didn’t file the original return. This updated return can now be filed within 4 years from the end of the relevant assessment year. However, extra tax between 25% to 50% will be charged on the additional income declared.