ITR Deadline Extended; Filing Lags & Audit Deadline May Be Extended

1. Extended Filing Deadline

• CBDT extended the ITR filing deadline for AY 2025‑26 from July 31 to September 15, 2025, to accommodate late issuance of ITR forms and necessary e‑filing utilities.

• The aim was to give taxpayers more time and ease system-related delays.

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2. Filing Pace Is Sluggish

• As of early September, only 4.56 crore ITRs have been filed, with 4.33 crore e‑verified—but just 3.17 crore processed, meaning many are still awaiting refunds.

• Earlier figures showed even lower processing: barely 1.13 crore processed returns from over 3 crore filed.

3. Audit Deadline Extension on the Table

• The Bombay Chartered Accountants’ Society (BCAS) has asked for extended deadlines for audit filings and Form 3CEB, citing ITR portal glitches, tight audit schedules, and heavier reporting norms.

• Similarly, the Rajasthan Tax Consultant's Association (RTCA) and Bhilwara Tax Bar Association have urged extensions, pointing to technical disruptions, delayed utilities, new ICAI formats, and overlapping festive season chores.

What This Means for Taxpayers

• File soon: Don’t wait—last-minute rush could disrupt filing as the portal slows under heavy load.

• No penalty yet: Thanks to the extension, taxpayers filing by September 15 avoid late fees. But after that, penalties and interest kick in.

• Professionals feel strain: Accountants and CAs warn of burnout and errors if audit deadlines don’t shift.

• Refund delays likely: File now and verify ASAP to ease processing and refund timelines.