New Income Tax Bill 2025: Every salaried class and business person has to pay income tax by filing ITR on taxable income. In such a situation, if you also fill ITR (ITR filling date) to pay tax, then this news can be very useful for you. Actually, now under the new income tax bill, there has been a stir regarding the change in the date of filing ITR. Due to the change in this, taxpayers will get a lot of relief.
New Income Tax Bill 2025: The Union Budget was presented by the Central Government on February 1. During the budget session, the government had also announced to bring a new income tax bill. For information, let us tell you that now the government has introduced the new income tax bill (income tax bill rules) in the Lok Sabha.
In this bill, there is also a discussion on the change in the date of filing ITR. Where till now the taxpayer had to file ITR by July 31, let us know what is the provision for filling ITR in the new bill.
Currently these are the rules-
If we talk about the current rules, then income tax return is filed in different categories. If we talk about the last date for this, then for those individuals or taxpayers (update for taxpayer) whose accounts are not required to be audited, the last date for filing ITR has been fixed as 31st July.
This is the date for filing ITR for those who submit audit report-
Apart from this, those taxpayers whose accounts are required to be audited (Audit of accounts of taxpayers) have to submit the income tax audit report by 30th September. After the audit report (Audit report kya h) is submitted, the taxpayers have to file income tax return on 31st October.
What will be the change in date
According to the information received recently, now under the new Income Tax Bill 2025, no change has been made in the deadline for filing income tax returns. In the new bill also, the last date for filing the return (how to fill ITR) is going to be kept the same as before.
This is the deadline for international transaction taxpayers-
Apart from this, if taxpayers with international transactions (update for taxpayers) have to submit the audit report by 31st October of the assessment year and after submitting the audit report, they can file Income Tax Returns by 30th November.
This much penalty will have to be paid on delayed ITR-
If a taxpayer does not file the return before the deadline (ITR filling deadline) of his fixed category, then he is allowed to file delayed returns. ITR can be filled till 31st December. The taxpayer may have to pay a penalty of up to Rs 5000 for filing delayed ITR (ITR late filling charge).
There is a demand to extend the deadline-
There is a constant demand by taxpayers to give relief in the deadline of filing income tax returns. Actually, salaried taxpayers are usually given Form 16 from the employer by June 15. Once you are given Form 16 (Form 16 kya h), you will have to collect other documents as per your requirement such as capital gain details, details of income from interest (tax on income) etc. In such a situation, salaried taxpayers usually do not get more than 45 days to file income tax returns.
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