The Central Board of Direct Taxes (CBDT) has announced an extension for filing income tax returns (ITRs) and audit reports for the assessment year 2025-26, giving taxpayers and professionals some much-needed breathing space. Here’s what you need to know:
1. Good News for Taxpayers: Deadline Extended!
The CBDT has officially extended the last date to file ITRs. Now, individuals and businesses have until December 10, 2025 to complete their filings.
2. Audit Reports Get Extra Time Too
Not just regular taxpayers, but professionals handling audit reports can also breathe a sigh of relief. The extension applies to audit report submissions for the same assessment year.
3. Relief for Busy Tax Professionals
Tax experts juggling multiple clients now have additional time to ensure accurate filings without rushing and risking mistakes.
4. No Penalty If You File By the New Date
Filing by December 10 ensures that taxpayers avoid late fees and penalties, keeping compliance stress-free.
5. Why the Extension Matters
With new tax rules and procedures being introduced each year, this extension helps taxpayers understand their obligations and file returns correctly.
6. Tips to Make the Most of the Extension
· Double-check your documents and deductions
· Ensure accurate bank details and PAN information
· File early before the last-minute rush to avoid portal glitches
Disclaimer:
The views and opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of any agency, organization, employer, or company. All information provided is for general informational purposes only. While every effort has been made to ensure accuracy, we make no representations or warranties of any kind, express or implied, about the completeness, reliability, or suitability of the information contained herein. Readers are advised to verify facts and seek professional advice where necessary. Any reliance placed on such information is strictly at the reader’s own risk.
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