Tax Filing Deadlines for FY 2024-25: A Complete Guide for Taxpayers

As we approach the end of the financial year 2024-25, it’s important to be aware of the tax filing deadlines for different categories of taxpayers. Meeting the deadlines will help avoid penalties and interest on any unpaid taxes. Below is a breakdown of the key due dates for tax filing based on your taxpayer category and whether or not you’re required to get an audit done.

1. For Individuals, Hindu Undivided Families (HUF), Associations of Persons (AOP), and Bodies of Individuals (BOI)

If you are an individual taxpayer, part of an HUF, AOP, or BOI, and your books of accounts do not require auditing, your tax filing for the Financial Year (FY) 2024-25 is due by 15th September 2025.

This is the standard deadline for non-audited taxpayers. Be sure to submit your return by this date to avoid any penalties.

2. For Businesses Requiring Audit

If your business books require an audit, the deadline for filing your tax returns for FY 2024-25 is 31st October 2025.

While for the tax audit report filing last date is 30th Sep for non-transfer pricing & 31st October for transfer pricing, so practically we need to prepare the balance sheet & financials for the taxpayer whose tax audit is due by 30th Sep, Even if last date of ITR filing is 31st Oct for non-transfer pricing cases.

This applies to businesses that need to comply with audit requirements under the Income Tax Act. Ensure all necessary financial statements and audit reports are ready before submitting the return.

3. For Businesses Involved in International or Specified Domestic Transactions

Businesses that are involved in international transactions or specified domestic transactions must also file transfer pricing reports along with their returns. The deadline for these businesses is 30th November 2025.

It’s crucial to ensure that the transfer pricing documentation is in place and complies with the necessary guidelines to avoid any complications.

4. Revised Return

If you realize after submitting your tax return that there were errors or omissions, you can file a revised return. The deadline for submitting a revised return for FY 2024-25 is 31st December 2025.

You have until the end of the year to correct any mistakes and submit the updated return to the Income Tax Department.

5. Belated or Late Return

If you missed the deadline for filing your tax return, you can still file a belated or late return. The final deadline for submitting a late return for FY 2024-25 is also 31st December 2025.

However, it’s worth noting that filing a late return may attract a penalty, so it’s always advisable to file your return on time.

6. Updated Return

In some cases, taxpayers may wish to file an updated return even after the due date. According to recent provisions, the updated return can be filed till 31st March 2030, which is four years from the end of the relevant assessment year.

This gives taxpayers more flexibility to amend their returns in case of missed claims or adjustments, though it should be used cautiously.

Final Thoughts

The tax filing deadlines for FY 2024-25 may seem distant, but it’s always a good idea to start preparing early. By keeping track of these deadlines, you can ensure timely filing and avoid any unnecessary penalties or issues with the Income Tax Department. Whether you’re an individual, a business owner, or part of a larger organization, understanding your tax obligations is crucial for smooth and hassle-free compliance.

Always stay updated with any changes to tax laws or deadlines, and if in doubt, seek advice from a tax professional to ensure that everything is filed correctly and on time.