By CA Subhash Kumar (Tax Experts)
📌 Key Highlights
- ITR Filing Start Date: 30th May 2025
- Due Date for Non-Audit Taxpayers: ✅ 15th September 2025 (Extended from 31st July)
- Belated Return Deadline: ⏳ 31st December 2025
- Updated Return Deadline: 🗓️ 31st March 2030
🧾 ITR Filing: Important Dates
| Taxpayer Category | Due Date |
| Individuals / HUF / AOP / BOI (No Audit) | 15th September 2025 |
| Businesses (Audit Required) | 31st October 2025 |
| Businesses (Transfer Pricing) | 30th November 2025 |
| Revised Return | 31st December 2025 |
| Belated Return | 31st December 2025 |
| Updated Return | 31st March 2030 |
🗓️ Advance Tax Instalments (FY 2025–26)
| Due Date | Installment | Tax to be Paid |
| 15th June 2025 | 1st Instalment | 15% of tax liability |
| 15th September 2025 | 2nd Instalment | 45% of tax liability |
| 15th December 2025 | 3rd Instalment | 75% of tax liability |
| 15th March 2026 | Final Instalment | 100% of tax liability |
| 15th March 2026 | Presumptive Scheme | 100% of tax liability |
📍 Start Date of ITR Filing
Though the usual start date is 1st April, for FY 2024–25, filing began from 30th May 2025 due to significant changes in ITR forms and system enhancements.
❗ Consequences of Missing the Deadline
- Interest (Section 234A): 1% per month on unpaid tax.
- Late Fee (Section 234F):
- ₹5,000 if income > ₹5 lakh
- ₹1,000 if income ≤ ₹5 lakh
- Loss Adjustment: You can’t carry forward business/market/property losses unless the return is filed on time.
🔁 Belated, Revised & Updated Returns
- Belated Return (Section 139(4)):
Can be filed till 31st December 2025 with interest and penalty. - Revised Return (Section 139(5)):
To rectify mistakes. Deadline: 31st December 2025.
Example: Mr. X filed ITR on 30th June 2025. On 1st August, he found missing deductions. He can revise it by 31st December 2025. - Updated Return (Section 139(8A)):
Can be filed within 48 months (up to 31st March 2030) with additional tax liability.
🔍 What are FY and AY?
- Financial Year (FY): The year in which income is earned – 1st April to 31st March.
- Assessment Year (AY): The year in which income is evaluated and taxed.
✳️ E.g., income earned in FY 2024–25 is assessed in AY 2025–26.
📢 CBDT Notification
Intimation under Section 143(1) for AY 2023–24 (FY 2022–23) has been extended to 25th November 2025 (earlier 31st December 2024).