ITR Filing Extension F.Y. 2024-25: Common Mistakes to Avoid Before the New Deadline

Introduction

The CBDT has extended the due dates for ITR filing and audit report submissions for FY 2024-25. The new ITR filing deadline is now 10th December 2025, and the tax audit report due date is 10th November 2025. This extension offers relief to taxpayers but also an opportunity to correct filing errors that often lead to notices or delays.

What Does the CBDT ITR Filing Extension Mean for Taxpayers?

The Central Board of Direct Taxes (CBDT) has announced an extension for Income Tax Return (ITR) filing and Audit Report submission for FY 2024-25 (AY 2025-26).

• The Tax Audit Report due date has been extended to 10th November 2025.
• The Income Tax Return (ITR) due date has been extended to 10th December 2025.

This decision provides taxpayers, especially businesses and professionals, extra time to finalize their accounts, correct errors, and ensure full compliance. It also helps tax consultants manage high workloads during the filing season.

Income Tax – Due Date Extension

Why Do Taxpayers Make Mistakes During ITR Filing?

Despite extended deadlines, many taxpayers commit errors due to:

• Rushing close to the deadline.
• Lack of understanding of income categories.
• Ignoring reconciliation between Form 26AS, AIS, and TIS.
• Failing to claim eligible deductions correctly.
• Uploading incomplete audit reports.

Common ITR Filing Mistakes to Avoid in 2025

Here are some common ITR filing mistakes taxpayers must avoid before the new 10th December 2025 deadline:

1. Selecting the Wrong ITR Form: Choosing the incorrect ITR form often leads to defective return notices. Select the right form based on your income source and type of taxpayer.
2. Ignoring AIS and Form 26AS Mismatch: Always cross-check your Annual Information Statement (AIS) and Form 26AS with your financial data to avoid discrepancies.
3. Missing Out on Deductions: Taxpayers often overlook deductions under sections like 80C, 80D, or 80G. Review eligible investments and donations before submission.
4. Late or Incorrect Audit Report Upload: Ensure your Tax Audit Report (Form 3CA/3CB-3CD) is filed correctly by 10th November 2025 and linked to your ITR.
5. Incorrect Bank Details or IFSC Code: Wrong bank details delay refunds. Always verify your pre-validated bank account on the income tax portal.
6. Not Verifying the ITR: An unverified ITR is considered invalid. Verify your return online within 30 days of filing to avoid rejection.
7. Not Reporting Foreign Income or Assets: Residents with foreign income or bank accounts must report them under Schedule FA to stay compliant.
8. Overlooking Carry-Forward Loss Claims: Business or capital losses can only be carried forward if filed within the due date. Late filing means losing this benefit.

How to Use the Extended Time Effectively

Use the ITR filing extension period to:

• Reconcile income statements and audit data.
• Validate your tax deduction claims.
• Consult a tax professional for a final review.
• Ensure digital signatures and director verification are complete.
• Avoid last-minute portal rush or technical glitches.

Why Filing Before the New Deadline Still Matters

Even with the extension, filing early helps:

• Avoid server delays near the deadline.
• Ensure timely refunds.
• Get enough time to correct any validation errors.
• Reduce the risk of penalties or scrutiny from the Income Tax Department.

Example: Business Impact of the New Deadlines

For instance, a company under tax audit can now file its audit report by 10th November 2025 and the ITR by 10th December 2025. This ensures ample time for reconciliation between audit data, Form 26AS, and GST returns before final submission.

Conclusion

The ITR filing extension by CBDT offers taxpayers extra time to file accurate returns and stay compliant. However, this should not lead to delay or oversight. Use this opportunity to correct errors and finalize your accounts before 10th December 2025.

If you need expert help with ITR filing, tax audit reports, or compliance management, Ebizfiling can assist you at every step. From preparing documents to filing returns accurately and on time, our team ensures your compliance is smooth and stress-free.

Frequently Asked Questions