The Income Tax Return (ITR) filing deadline for Assessment Year (AY) 2025-26 has been extended, offering relief to many taxpayers, especially small businesses and startups. This extension provides valuable extra time for entrepreneurs and individuals to complete their ITR filing, allowing for accurate and timely submissions without penalties. In this blog, we will explain the new ITR filing deadline, its implications, and the rules you need to be aware of. Additionally, we’ll explore how entrepreneurs preparing a Project Report for Bank Loan or applying for PMEGP, CMEGP, or Mudra Loans can benefit from this extension in terms of aligning their income tax return filing with their financial documents and loan applications.
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