Income Tax Return Filing Extended for Multi-Source Earners
Because the income tax return deadline was moved to September 15, taxpayers with multiple income sources for the financial year 2024-25 are now given much-needed extra time. It is much more difficult to file a tax return when you receive revenue from several sources. Because these obstacles exist, the income tax department extends the time allowed for people to file taxes.
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Income Tax Return Documentation Requirements
You need to have complete and accurate documentation for a successful income tax return. All taxpayers need to collect salary slips, rental documents, investment statements, and Form 26AS, which shows all TDS and TCS transactions for the financial year. To do income tax e filing, one has to select the correct forms based on their type of income. ICT-3 is for business professionals filing returns, and ITR-4 is for anyone using presumptive income tax calculations.
You have to compile all income from your different sources before discovering your total tax bill. Tax rules vary by how much income you receive, so checking your finances carefully is necessary when e-filing your taxes.
Key Income Tax Return Deadlines
- Individual income tax return filing: September 15, 2025
- Business audit cases: October 31, 2025
- Transfer pricing cases: November 30, 2025
- Revised income tax return submissions: December 31, 2025
If someone does not meet the income tax return deadlines, the department may respond with notices and could impose fines. Because of the extended timeline, it is easier for taxpayers everywhere to complete their income tax e-filing.
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