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What are the ITR filing due dates in Income-Tax Bill 2025 for individuals and companies?
2 min read | Updated on February 13, 2025, 16:25 IST
SUMMARY
The new Income-Tax Bill 2025 defines due date as the date of the financial year following the relevant tax year by which a taxpayer is required to file ITR.
For individuals taxpayers, the due date of ITR filing will continue to remain as July 31. | Image source: Shutterstock
The Income-Tax Bill 2025 has proposed no change in the due dates of Income Tax Return (ITR) filing.
For taxpayers whose accounts need to be audited, the due date will be October 31. Also, for assessees who are required to furnish a report referred to in section 172 of the bill, the due date will be November 30.
What is the definition of due date of ITR filing in new bill?
ITR filing due dates in new income-tax bill
| Taxpayer | ITR due date |
|---|---|
| Company | October 31 |
| Person (other than a company) whose accounts are required to be audited | October 31 |
| Partner of a firm whose accounts are required to be audited; or the spouse of such partner (if section 10 applies to such spouse). | October 31 |
| Assessee, including the partners of the firm or the spouse of such partner (if section 10 applies to such spouse), who is required to furnish a report referred to in section 172. | November 30 |
| Any other assessee | July 31 |
What if a person misses the due date?
The new bill continues to provide the options of filing revised and belated returns.
It says a person can file ITR for any tax year at any time within nine months from the end of the relevant tax year or before the completion of the assessment.
A revised return can be filed "at any time within nine months from the end of the relevant tax year, or before the completion of the assessment, whichever is earlier."
The central government may exempt any class or classes of persons, from the obligation to file a return of income, according to the new bill. But this provision is there in the current tax law as well.
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