In a major relief for taxpayers, especially salaried individuals and those not subject to audit, the Central Board of Direct Taxes (CBDT) has officially extended the due date for filing Income Tax Returns (ITRs) for the Assessment Year 2025–26 (pertaining to Financial Year 2024–25) from July 31, 2025, to September 15, 2025.
Let’s unpack what this means and why it matters.
Why Has the ITR Filing Due Date Been Extended?
The CBDT cited three key reasons behind this extension:
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Revised ITR Forms
The government has introduced significant revisions in ITR forms this year. These updates aim to simplify compliance while enhancing transparency in the tax reporting process. However, the changes have also meant that more time is needed to understand and comply with the new formats, especially for professionals involved in tds return filing in Mumbai. -
System Development and Testing
Revisions in forms require backend infrastructure updates. This includes:
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Utility development for accurate data entry
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System integration
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Thorough testing of e-filing platforms
All of this takes time, and the CBDT recognised that rolling out changes without sufficient preparation could cause glitches in the filing process, something that chartered accountants firm in Mumbai are well aware of and prepared for.
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TDS Credit Delays
Tax Deducted at Source (TDS) details—an essential component of return filing—have faced delays in being reflected in taxpayers’ Form 26AS or AIS/TIS. These credits usually start appearing in early June, and without them, many taxpayers could file incomplete or incorrect returns.
Hence, the extension helps create a more efficient and error-free filing environment for all stakeholders, including those managing tds return filing in Mumbai and associated services provided by chartered accountants firm in Mumbai.
What This Means for You: New ITR Filing Deadline
The new deadline to file ITR without any late fees is now September 15, 2025.
This applies to:
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Salaried individuals
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Professionals and businesses not requiring a tax audit
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Senior citizens without business income
This extension offers more flexibility and ensures better preparedness, both on the taxpayer’s and the department’s side.
Our Recommendation: Don’t Rush—Wait Till After June 15
While the extension gives breathing room, here’s our expert advice:
Wait until after June 15, 2025, to file your return.
Here’s why:
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TDS certificates (like Form 16 and Form 16A) are generally issued by this date
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SFT information, which reflects high-value transactions (e.g., mutual fund investments, credit card spending, etc.), is updated around the second week of June
Filing before these updates may result in:
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Missing data
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Mismatched information in Form 26AS or AIS
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The need for revised returns or facing notices for discrepancies
Being patient now could save you a lot of trouble later, especially when working with a chartered accountants firm in Mumbai for accurate tds return filing in Mumbai.
Final Words
This extension is a welcome move by the CBDT and reflects its commitment to easing taxpayer compliance. It gives everyone, especially salaried taxpayers and small business owners, more time to ensure accurate, complete, and stress-free tax filing.
So mark your calendar with the new ITR deadline: September 15, 2025, and plan accordingly.
Stay informed, stay compliant, and make tax filing smooth this year with expert help from a trusted chartered accountants firm in Mumbai specializing in tds return filing in Mumbai.
