Filing Taxes In 2025 For 2025. Several significant changes to the income tax act have been introduced vide finance act 2024, which will impact the taxpayer's income tax return (itr) filing in 2025 as. For applications submitted by january 31, 2025, participants must pay 100% of the disputed tax and 25% of any disputed penalty or interest.
As per a circular dated 31st december 2024, the due date has been extended from 31st december 2024 to 15th january 2025 for specific resident individual cases. This is what indiaโs new taxation system aims for.
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