Submit a valid Income Tax Return within 30 days of this date to finalize the filing procedure, or risk it being deemed invalid.
Headline: Important Deadline for Income Tax Return Verification Extended in India
The deadline for e-verifying Income Tax Returns (ITR) or submitting the signed ITR-V form in India has been extended to 30 days from the date of filing the return. This extension applies to all taxpayers whose original deadline was July 31, 2025 [1].
Key Details:
- Methods for e-verification include Aadhaar OTP, Electronic Verification Code (EVC) via pre-validated bank or demat accounts, net banking, or digital signature certificate (DSC) [3][5].
- If you opt for offline verification by sending the signed ITR-V, it must be posted to the Centralised Processing Centre (CPC), Bengaluru address provided by the Income Tax Department and received within 30 days to be valid [3][5].
- Consequences of missing the 30-day verification limit: The date on which the return is e-verified or the ITR-V is received is then considered the date of filing. This can cause the return to be treated as late, potentially attracting penalties for late filing under the Income Tax Act. If the return remains unverified beyond 30 days, it is deemed invalid, and no processing will be done [5].
Current Scenario:
As of the current ITR filing season for Assessment Year 2025-26, 2.51 crore returns have been filed. Of these, 2.43 crore have already been verified [2]. As of now, 1.13 crore verified returns have been successfully processed [2].
Additional Information:
- The Reserve Bank of India (RBI) has maintained a neutral policy stance, with the Repo Rate remaining steady at 5.5% [4].
- For non-audit taxpayers, the filing deadline is September 15, 2025. For audit cases, the deadline is October 31, 2025. Revised or belated returns can be filed until December 31 of the assessment year, but they still need to be verified within 30 days of filing [1].
Therefore, after filing your ITR, complete e-verification or submit ITR-V within 30 days to ensure your return is valid and processed timely.
- Delays in e-verifying sports personas' Income Tax Returns or submitting the ITR-V form could lead to late filing penalties, affecting their personal-finance situation.
- The extension of the ITR verification deadline offers businesses an opportunity to verify their tax returns more carefully, ensuring compliance with finance regulations and avoiding future issues.
- In the news, updates on the Joint Committee on the Direct Tax Code discussed potential changes in business tax policies, which may impact the overall economic landscape.
