As of December 31, 2024, there have been no official announcements regarding extensions to the income tax filing deadlines for the 2024 tax year in India. Taxpayers are advised to adhere to the standard deadlines unless notified otherwise by the Income Tax Department.
Standard Deadlines for the 2024-2025 Assessment Year:
Individuals and Non-Audit Cases: The due date for filing income tax returns (ITR) for individuals and entities not requiring an audit is typically July 31, 2025.
Audit Cases: For taxpayers whose accounts require auditing, the due date is generally October 31, 2025.
Transfer Pricing Cases: For entities involved in international or specified domestic transactions requiring transfer pricing reports, the due date is usually November 30, 2025.
Filing Extensions:
In certain circumstances, the Income Tax Department may extend these deadlines. Such extensions are officially communicated through notifications on the Income Tax Department's official website and through reputable news outlets.
Recommendations:
Stay Updated: Regularly check the official Income Tax Department website or consult with a certified tax professional to stay informed about any changes to filing deadlines.
Timely Filing: To avoid penalties and interest, ensure that you file your income tax return by the applicable due date.
Seek Professional Advice: If you anticipate difficulties in meeting the filing deadline, consider consulting a tax advisor to explore possible solutions, such as filing for an extension if applicable.
Please note that tax laws and deadlines are subject to change. It is crucial to verify the current deadlines and any extensions with official sources or a qualified tax professional.
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