ITR Deadline Extended:  Major relief for taxpayers, File ITR by this date

ITR Deadline Extended: If you are an income taxpayer, this news may be significant for you. The government has provided significant relief to income taxpayers. The Income Tax Department has announced that the deadline for filing ITR for audit cases has been extended. Taxpayers now have until December 10, 2025. The Income Tax Department has taken this decision for all taxpayers who were in the final stages of filing audit reports or returns and were concerned about the previous deadline of October 31.

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CBDT’s Major Decision

On October 29, 2025, the Central Board of Direct Taxes (CBDT) announced on the social media platform X that the deadline for filing ITR for the assessment year 2025-26 has been extended. Taxpayers who previously had the deadline of October 31st can now file their returns until December 10th without any penalty.

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The date had been extended twice before

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This is not the first time the Income Tax Department has extended the deadline. Initially, the deadline for submitting tax audit reports was September 30, 2025, which was later extended to October 31st. Following demand, the department has once again extended the deadline to November 10th and now to December 10th, 2025.

What will happen if you don’t file your ITR on time?

If a company or taxpayer fails to file their tax audit report or ITR on time, they may be subject to a penalty under Section 271B of the Income Tax Act. This penalty can be up to 0.5% of the total turnover or a maximum of ₹1,50,000.

Who requires an audit?

According to income tax rules, if a taxpayer’s business turnover exceeds ₹1 crore, they are required to undergo a tax audit. However, if their turnover is up to ₹10 crore and cash transactions represent less than 5% of total transactions, an audit is still mandatory.

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Process for Filing a Tax Audit Report

The tax audit report is prepared by a CA and uploaded to the Income Tax Portal. After filing the report, the taxpayer must approve it through their login. Only after the report is approved is the ITR filing considered complete. Therefore, taxpayers must maintain timely coordination with their CA and have all necessary documents ready in advance.

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