ITR Filing Last Date FY 2024-25: New Deadlines & Penalties

Filing your Income Tax Return (ITR) on time is not just about avoiding penalties. It reflects smart financial planning and regulatory discipline. In this blog, we break down the updated CBDT deadlines for FY 2024-25 (AY 2025-26), and how you can file stress-free.

What Are the Latest ITR Filing Deadlines Announced by CBDT?

The CBDT (Central Board of Direct Taxes) has officially extended the ITR filing deadline for FY 2024-25 (AY 2025-26). For taxpayers whose accounts need to be audited, the new ITR deadline extension 2025 is December 10, 2025. The audit report due date 2025 is now November 10, 2025.

This CBDT notification 2025 has come as a relief to many businesses and professionals facing disruptions due to natural calamities and compliance delays.

Who Does the Deadline Extension Apply To?

This new ITR filing timeline applies to:

• Companies and startups that require audited financials
• Partnership firms, LLPs, and certain proprietorships
• Any taxpayer under mandatory tax audit

So if your business falls under audit, you now have until December 10 to file your AY 2025-26 income tax return.

What Is the Last Date to Submit an Audit Report and ITR?

Here is the updated schedule for ITR and audit report submission:

This covers all taxpayers, including companies and MSMEs, based on their category.

What Happens If You Miss the ITR Deadline in 2025?

If you don’t file your ITR on time:

• Interest of 1% per month under Section 234A applies
• Late fee of up to Rs. 5,000 under Section 234F
• You cannot carry forward losses for future tax benefits
• Your loan approvals, credit score, and visa applications might be impacted

Missing the ITR filing deadline for AY 2025-26 can lead to multiple financial and reputational issues.

Can You File a Belated or Updated Return? What’s the Last Date?

Yes. If you miss the regular ITR deadline:

• You can file a belated return till 31st December 2025
• You can also file an updated return (ITR-U) till 31st March 2030, but some benefits like deductions and loss carry forward may not be allowed

This flexibility is useful for startups or businesses who discover mistakes or missed filings later.

What Are the Penalties and Charges for Late ITR Filing?

If you delay your filing:

• You pay interest on pending tax (1% monthly)
• Late fees:
• Rs. 5,000 if income > Rs. 5 lakh
• Rs. 1,000 if income ≤ Rs. 5 lakh
• No carry forward of business or capital losses

Make sure to not delay beyond ITR filing last date with penalty i.e., December 31.

What Should Startup Founders and MSMEs Do Now?

This extension is a chance to:

• Complete audits properly
• Coordinate with your CA or tax consultant
• File your income tax return accurately
• Stay compliant with MSME tax compliance and avoid stress in Q4

Use this time to get your books in order.

Can You Revise Your Filed ITR Before the Year Ends?

Yes. If you already filed but made a mistake:

• File a revised return by 31st December 2025
• This helps correct income, deductions, or missed info

After that date, only an updated return is possible.

Final Checklist to File ITR Without Stress or Penalty

• Know your ITR due date for companies
• File audit report by November 10
• File ITR by December 10
• Belated/revised return? File by December 31
• Missed everything? Use updated return by March 2030

Need Help With Tax Filing or Compliance?

If you're a startup or MSME and:

• Want to get your tax filing for startups done
• Need a tax exemption certificate
• Or just want to stay stress-free from deadlines

StartupFlora is here to help you. We simplify your filings, manage your audits, and ensure you stay on the right side of the law.

Talk to a StartupFlora tax expert today and file confidently before the December 10 ITR deadline India.

FAQs

1. What is the last date of filing ITR in 2025?

For audited taxpayers, it is 10th December 2025. For non-audited taxpayers, it was 16th September 2025.

2. What is the ITR filing?

ITR filing is the process of submitting your income tax return to the Income Tax Department, reporting your income, deductions, and taxes paid.

3. How much does a CA charge to file an ITR?

CA charges vary, but for individuals it can range from Rs. 1,000 to Rs. 5,000. For businesses/startups with audits, it may go from Rs. 10,000 to Rs. 25,000+.

4. What happens if I miss the ITR deadline?

You may face late fees, interest on tax, and lose benefits like carry-forward of losses. You can still file a belated or updated return.

5. Can I file ITR after December 10, 2025?

Yes. You can file a belated return till December 31, 2025, and an updated return till March 31, 2030.

6. What is a belated return?

A belated return is filed after the regular due date, usually with a late fee and interest. Deadline: 31st December 2025.

7. What is an updated return (ITR-U)?

It allows you to file or correct your return up to 4 years later, but you can't claim extra deductions or revise it again.

8. What is the audit report due date for FY 2024-25?

The deadline to submit your audit report is 10th November 2025.

9. What are the ITR filing due dates for companies in India?

For FY 2024-25, it's10th December 2025 if your company requires an audit.

10. Why should startups file ITR on time?

To stay compliant, avoid penalties, and maintain credibility for loans, funding, and global expansion.