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3h ago

Finance Ministry Holds Line on Sept. 15 ITR Date as CA Bodies Press for More Time

Officials have signalled no further relief for non‑audit filers even as glitches, late utilities and data mismatches strain the e‑filing process.

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Income Tax Return Filing FY 2024-25 | Image: Republic
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Overview

  • After moving the non‑audit due date from July 31 to September 15, the ministry reiterated on September 7 that another extension is unlikely for these taxpayers.
  • CBDT data show filings continuing to climb, with about 5.30 crore returns filed, 4.99 crore verified and 3.58 crore processed as of September 10.
  • Professional groups including ATBA, KSCAA, ICAI and others have formally sought shifting non‑audit ITRs to October 15 and relaxing audit and transfer‑pricing timelines, citing portal outages, late form releases and AIS/Form 26AS mismatches.
  • Missing the cut‑off can draw a Section 234F late fee of ₹5,000 (₹1,000 if income is under ₹5 lakh) and 1% monthly interest on unpaid tax, and it can restrict loss carry‑forward and slow refunds.
  • Key timelines remain: tax audit reports by September 30, audited returns by October 31, transfer‑pricing cases by November 30, belated returns until December 31, 2025, and updated returns (ITR‑U) through March 31, 2030.