ITR filing extended: Last date for ITR filing has been extended for these taxpayers, know till when the time limit is given

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The Income Tax Department has extended the last date for filing belated or revised ITR. Till now the last date for filing belated or revised returns was 31 December 2024, but now all taxpayers will be able to file their belated/revised returns till 15 January 2025. Regarding this, the Income Tax Department has also posted on X and issued a statement.

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What has the Income Tax Department written?

The Income Tax Department has written in the post- ‘CBDT has extended the last date for filing belated/revised returns for Indian citizens for the assessment year 2024-25 from 31 December 2024 to 15 January 2025.’

CBDT extends the last date for furnishing Belated/ Revised return of income for AY 2024-25 in the case of Resident Individuals from 31st December, 2024 to 15th January, 2025.

✅Circular no. 21/2024 dated 31/12/2024 issued- pic.twitter.com/sBVdGZqxRF

— Income Tax India (@IncomeTaxIndia) December 31, 2024

Dispute to Trust Scheme date extended

The Income Tax Department on Monday extended the date for filing information for determining tax dues and waiver of interest and penalty under the Vivad Se Vishwas Scheme till January 31. As per the original rules of the Direct Tax Vivad Se Vishwas Scheme, 2024, taxpayers filing declaration before December 31, 2024 had to pay 100 per cent of the disputed tax demand. There is a provision to waive interest and penalty in such cases.

The Central Board of Direct Taxes (CBDT) said in a circular that the due date for determining the amount payable under the Vivaad se Vishwas scheme has been extended from December 31, 2024 to January 31, 2025.

CBDT extends due date for determining amount payable as per column (3) of Table specified in section 90 of Direct Tax Vivad Se Vishwas Scheme, 2024 from 31st December, 2024 to 31st January, 2025.

Circular No. 20/2024 dated 30.12.2024 issued pic.twitter.com/agjuRsMHqg

— Income Tax India (@IncomeTaxIndia) December 30, 2024

According to the circular, the taxpayer will have to pay 110 percent of the disputed tax demand on declarations made on or after February 1, 2025. Taxpayers in whose cases there is a dispute / appeal has been filed can avail the benefit of this scheme.

If you also have to file your belated or revised ITR and you have not done it yet, then you still have time. And if you want to get benefit under the Vivaad se Vishwas scheme, then you have time for that too.

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