Income Tax Bill 2025: Key Changes to ITR and Tax Audit Filing Deadlines
Parliament introduced the Income Tax Bill 2025 on February 13, 2025. It brings changes that have sparked talks among taxpayers and tax experts. This review looks at changes to the deadlines for Income Tax Returns in Delhi and tax audits.
ITR Filing Deadlines
The deadlines for filing income tax returns are the same for everyone under the Income Tax Bill 2025. The rules for late, revised, and updated returns still match the Income Tax Act of 1961. The Finance Act of 2025 added amendments to the new bill. These changes ensure that they meet recent economic and policy shifts.
ITR Filing Deadlines According to Section 263 of the Income Tax Bill 2025
- Individual and non-audit cases: July 31, 2025
- Audit cases: October 31, 2025
- Companies and LLPs requiring audit: November 15, 2025
- Belated and revised return: December 31, 2025
Taxpayers looking for help should choose Income Tax Return Services in Delhi. This can ensure timely and accurate compliance.
Tax Audit Filing Deadline
The deadline for submitting a tax audit report also remains unchanged.
" Section 63 of the Income Tax Bill 2025 says taxpayers must audit their accounts. They need to do this one month before their income tax return is due. "
Key Dates and Penalties
Taxpayers who miss the November 15, 2025, deadline can still file a late return. They have until December 31, 2025, to do so. But, failing to meet the deadlines may result in hefty penalties.
- Up to ₹1,000 for income below ₹5 lakh.
- Up to ₹5,000 for income above ₹5 lakh.
- Additional interest charges under Section 234A for late filing beyond the due date.
Taxpayers can opt for online income tax return filing to avoid penalties and stay compliant. They can use government websites or get help from professionals for ITR return filing.
Extension of ITR Deadline: A Relief for Taxpayers
The government has given businesses and professionals a break. The ITR filing deadline for companies and audit cases is now extended by one month. It is now due on November 30, 2025. Tax consultants and businesses welcome this move. It gives them more time to prepare and submit financial statements.
" Extending the ITR deadline for audit cases will help businesses. They can reconcile their financial statements and file with precision. This change will reduce compliance burdens." - A Senior Tax Consultant "
Choosing the best tax consultation company in Delhi can simplify your tax filings. If you need expert help, it is important to find the best fit. They can also guide you through regulatory changes.
ITR Deadline Approaching: Stay Compliant!
As the financial year 2024-25 ends, taxpayers need to stay alert about their tax filing duties. Failure to follow the deadlines can lead to the loss of crucial tax benefits and deductions.
To file taxes easily, people and businesses in Delhi should use Income Tax Return Services in Delhi. Professionals there can help guide them through the process with ease.
Conclusion
The Income Tax Bill 2025 keeps the current ITR and tax audit deadlines. It also adds updates from the Finance Act of 2025. Taxpayers need to be proactive about filing on time. Late submissions now face tougher penalties, and there are new audit deadlines. This creates serious financial and legal risks for anyone who does not comply. Opting for online income tax return filing has made tax compliance simpler than ever. Getting help from a trusted best tax consultation company in Delhi can further streamline the process. Staying updated on regulatory changes and seeking expert advice ensures hassle-free ITR return filing in Delhi.
