Top News

Income Tax Deadlines: The month of December is also going to be very important for taxpayers. There are four important dates this month, missing which could result in hefty penalties.

Income Tax Deadlines: The month of December is once again going to be a busy one for taxpayers, as many important income tax-related tasks will need to be completed during this time. These include various tasks, from filing late returns to paying TDS and advance tax, which taxpayers must complete before the December deadline. Let us inform you through this news so that you don't miss any important tasks.

December 10

The Central Board of Direct Taxes (CBDT) has extended the ITR filing date from October 31, 2025, to December 10, 2025. This extension is for those who need to get their accounts audited. This decision was made after persistent demand from taxpayers, as well as chartered accountants (CAs) and various professional associations.

Returns filed by this date will be considered timely returns and will not attract any late fees or penalties. However, taxpayers filing returns after this date will be required to pay a late fee under Section 234F of the Income Tax Act, which can range from ₹1,000 to ₹5,000, depending on the income and filing date.

December 15

Form 27C received in November 2025 must be uploaded by December 15. Government offices will also need to submit Form 24G for TDS and TCS payments made without an invoice. Additionally, another major task is the payment of the third installment of advance tax for the assessment year 2026–27.

TDS certificates for taxes deducted under sections 194-IA, 194-IB, 194M, and 194S in October must also be issued by this date. Meanwhile, stock exchanges must submit Form 3BB for client code modifications made in November.

December 30, 2025

Taxpayers also have several important tax-related tasks to complete on December 30, 2025. Recognized or recognized associations must file their client code modification statements for the month of November. Additionally, taxpayers who deducted TDS in November must submit their TDS challan-cum-statement by this date. This ensures that all deductions made during the month have been correctly reported and accounted for. If you are part of an international group or a resident constituent entity of a foreign company, you must submit Form 3CEAD.

December 31

December 31, 2025, is the last date to file belated or revised income tax returns for the assessment year 2025–26. This means that if you missed the deadline to file your ITR in July or September, this is your last chance. Overall, the month of December is crucial for taxpayers, as many important tasks such as ITR, TDS, and advance tax filing are to be completed during this period. Even a minor mistake could result in penalties, a notice, or delays in processing.