IT Return FY25: Non Audit Eases Extended Due Date, 15th September, 2025, Don't Wait For IT Portal and Be Ready Before It's Live:

IT Return FY25: Non Audit Eases Extended Due Date, 15th September, 2025, Don't Wait For IT Portal and Be Ready Before It's Live While the ITR for FY24-25 due date for non-audit cases is extended till 15th September 2025, and the portal utility is not yet live, we are already preparing data, Financials (new format as per ICAI guidance note for Non-corporates) in advance to ensure filing happens without delay once the utility is available. Why Early Filing Still Matters:

• 𝐀𝐯𝐨𝐢𝐝 𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭 – 𝐒𝐞𝐜 𝟐𝟑𝟒𝐁/𝐂
  • Unpaid or deferred tax attracts 1% interest per month.
  • Delay = Higher tax outgo.
• 𝐋𝐨𝐰𝐞𝐫 𝐑𝐞𝐟𝐮𝐧𝐝 𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭 – 𝐒𝐞𝐜 𝟐𝟒𝟒𝐀
  • Refunds earn just 0.5% interest/month and
  • No interest is paid if it is filed after the due date and the Refund is <10% of the tax paid. 𝐘𝐨𝐮'𝐫𝐞 𝐥𝐨𝐬𝐢𝐧𝐠 𝐦𝐨𝐧𝐞𝐲 𝐲𝐨𝐮 𝐜𝐨𝐮𝐥𝐝 𝐞𝐚𝐫𝐧 𝐞𝐥𝐬𝐞𝐰𝐡𝐞𝐫𝐞.
• 𝐈𝐓𝐑 𝐑𝐞𝐪𝐮𝐢𝐫𝐞𝐝 𝐟𝐨𝐫 𝐋𝐨𝐚𝐧𝐬, 𝐕𝐢𝐬𝐚𝐬, 𝐓𝐞𝐧𝐝𝐞𝐫𝐬
  • Late return = delays in essential applications.

𝐒𝐭𝐚𝐫𝐭 𝐅𝐘 𝟐𝟎𝟐𝟓–𝟐𝟔 𝐒𝐭𝐫𝐞𝐬𝐬-𝐅𝐫𝐞𝐞 Early compliance lets you focus on new-year planning and savings. 𝐀 𝐂𝐫𝐢𝐭𝐢𝐜𝐚𝐥 𝐔𝐩𝐝𝐚𝐭𝐞 𝐟𝐫𝐨𝐦 𝐈𝐂𝐀𝐈: N𝐞𝐰 F𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 S𝐭𝐚𝐭𝐞𝐦𝐞𝐧𝐭 F𝐨𝐫𝐦𝐚𝐭𝐬 𝐟𝐨𝐫 𝐍𝐨𝐧 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞𝐬 With the new financial statement formats for non-corporate entities as per 𝐆𝐮𝐢𝐝𝐚𝐧𝐜𝐞 𝐍𝐨𝐭𝐞 𝐨𝐧 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐒𝐭𝐚𝐭𝐞𝐦𝐞𝐧𝐭𝐬 𝐨𝐟 𝐍𝐨𝐧-𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 𝐄𝐧𝐭𝐢𝐭𝐢𝐞𝐬 𝐢𝐬𝐬𝐮𝐞𝐝 𝐛𝐲 𝐈𝐂𝐀𝐈, return finalization may now take more time than before. If we delay non-audit filings, it will eat into valuable time that must be reserved for audit case filings later. 𝐄𝐚𝐫𝐥𝐲 𝐜𝐨𝐦𝐩𝐥𝐢𝐚𝐧𝐜𝐞 = 𝐩𝐞𝐚𝐜𝐞 𝐨𝐟 𝐦𝐢𝐧𝐝 + 𝐛𝐞𝐭𝐭𝐞𝐫 𝐩𝐥𝐚𝐧𝐧𝐢𝐧𝐠.