The Income Tax Bill 2025 has not introduced any changes in the due dates of the Income Tax Return (ITR) filing.
Nidhi | Mar 28, 2025 |
Income Tax Bill 2025: What are the Due Dates of ITR Filing for Individuals and Companies?
The Income Tax Bill 2025 has not introduced any changes in the due dates of the Income Tax Return (ITR) filing. For individual taxpayers, including salaried employees, whose accounts are not required to be audited, the deadline for filing their Income Tax Return (ITR) will continue to be July 31. This means that these taxpayers are expected to submit their tax returns by this date each year.
The due date of ITR filing for taxpayers whose accounts are required to be audited will be October 31. Additionally, the due date will be November 30 for assessees who need to submit a report referred to in Section 172 of the bill.
According to the new income-tax bill, the due date is the date of the financial year after the relevant tax year by which a taxpayer must file their Income Tax Return (ITR).
In other words, the due date for filing taxes is the deadline that falls in the year after the tax year (the period in which you are being taxed). For instance, if you are filing taxes for the 2024-2025 tax year, the due date would fall in the financial year 2025-2026.
| Taxpayer | ITR Due Date |
| Company | Oct-31 |
| Person (other than a company) whose accounts need to be audited | Oct-31 |
| Partner of a firm whose accounts must be audited; or the spouse of such partner (if section 10 applies to such spouse) | Oct-31 |
| Assessee, including the partners of the firm or the spouse of such partner (if section 10 applies to such spouse), who needs to submit a report referred to in section 172. | Nov-30 |
| Any other assessee | Jul-31 |
If you miss the ITR filing due date, you can file a return after the due date, called a belated return. The new bill still allows taxpayers to file revised returns or belated returns if needed.
An individual can file an ITR for any tax year at any time within nine months from the end of the relevant tax year or before the assessment year is completed, whichever is earlier.
This means that the deadline to file a revised return is either:
So, whichever of these two events happens first will be the last date a revised return can be filed.
The central government is likely to exempt certain groups of people from the requirement to file an income tax return. However, it’s important to note that this rule is not new. It already exists in the current tax laws as well.
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