Good news for taxpayers as the IT Department has extended the deadline for filing belated and revised Income Tax Returns (ITRs) for the Assessment Year (AY) 2024-25. Let’s understand in detail.
Difference Between Belated and Revised ITR Filing
| Type of ITR | Purpose |
| Belated ITR | For individuals who missed the original filing deadline (July 31, 2024) |
| Revised ITR | For correcting errors or omissions in an already filed ITR. |
New Date for Revised and Belated ITR Filing
Taxpayers can now do Income Tax Return Filing (Revised and Belated) until January 15, 2025.
Why is the ITR Filing Extension Important and Beneficial for you?
Belated ITR Extension
If you missed the original filing deadline (July 31, 2024), you can still file a belated return by the extended date. This helps you stay compliant with tax regulations and avoid tax audits.
Revised ITR Extension
If you’ve already filed your return but need to correct errors or omissions, you can submit a revised return by the new deadline. This ensures your tax records are accurate and up-to-date.
Next steps for you
The extended deadline for ITR Filing for AY 2024-25 is a golden opportunity. You must now seize it and if you have any doubts, you should be talking to our experts right away. We are here to help you.
Moreover, if you need any other guidance on Income Tax Return Filing, Income Tax Refund, please feel free to talk to our business advisors at 8881-069-069 .
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