Revenue Tax Return: What’s the final date to file ITR this yr?

Revenue Tax Return: The Time has come when folks want to begin gearing as much as submit Revenue Tax Return (ITR) for the evaluation yr 2025-26. The Central Board of Direct Taxes (CBDT) has additionally launched a lot of the ITR varieties, starting from Sahaj, Sugam, ITR-2, ITR-7 to ITR-U. To take action, people should pay attention to essential dates, as lacking the deadline might end in penalties. 

Revenue Tax Return: Final Date To File ITR

A lot of the people could have 31 July 2025 because the due date to file the unique income-tax return (ITR). In line with Shuddhasattwa Ghosh, Tax Companion, EY India, For people who want their books of accounts to be audited or are a companion in a agency, the due date to file the unique income-tax return is 31 October 2025.   

Audit is relevant for the next –

• Enterprise the place the full gross sales/ turnover or gross receipts exceed ten crore rupees 

• Professionals the place gross receipts exceed fifty lakh rupees

Choose The Right Tax Return Type

Gosh stated that people ought to assess the kind of revenue earned to find out the proper tax return kind to be filed. 

“From a wage perspective, each particular person ought to have the Type 16 (wage certificates) issued by the employer. The person ought to have revenue proofs corresponding to a financial institution curiosity certificates together with a duplicate of Annual Data Assertion (AIS) and Tax Data Assertion (TIS) downloaded from Revenue-tax web site. AIS and TIS present particulars of the revenue earned by the person (corresponding to curiosity from banks and different monetary establishments, capital good points, and so forth.) and ought to be totally matched with the supporting base paperwork like financial institution statements, brokerage statements, and so forth,” he added. 

Will The ITR Deadline Be Prolonged?

There isn’t a reply to this query as of now. Nevertheless, there are some cases when the federal government prolonged the deadline.