Business
ITR Filing 2025: Only 30 Days Left; Will The Deadline Be Extended Again?

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The Gujarat Chamber of Commerce & Industry asked the CBDT to extend the ITR filing deadline for AY 2025-26 due to delays in utility releases and software updates.

Income tax filing 2025
ITR Deadline: Taxpayers may get more time to file their returns if the Gujarat Chamber of Commerce & Industry (GCCI’s)request to extend the due date is accepted. In a letter to the CBDT as per ET Wealth report, the chamber said the ITR filing process for AY 2025–26 has been hit by delays in the release of utilities, arriving nearly three months later than usual. Many forms were still unavailable in early August, leaving little time for preparation. Frequent changes to utilities and slow software updates add to the strain, especially in areas with patchy internet.
GCCI has also pushed for a new deadline for tax audits, currently set at September 30.
It’s important to note that although the central government extended the ITR filing deadline for individuals not subject to a tax audit from July 31, 2025, to September 15, 2025, the move offered limited relief. The ITR forms were released much later than usual, leaving taxpayers with little extra time to prepare and file. This is the key reason why the GCCI has submitted its representation seeking a further extension.
The chamber added that frequent changes to the utilities, coupled with poor internet access in several regions, have left taxpayers and professionals with limited time to ensure accurate filings, as per ET Wealth report. It has also requested an extension of the September 30 deadline for tax audit reports.
For Assessment Year 2025–26, the dates of release for the latest Income Tax Return (ITR) utilities and forms are as follows:
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ITR-1, ITR-2, ITR-3, and ITR-4 were all released on between May, June and July.
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ITR-5 was released on 8 August 2025.
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ITR-6 Excel Utility was released on 15 August 2025.
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ITR-7 has not yet been released.
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Form 3CA-3CD was released on 29 July 2025.
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Form 3CB-3CD was released on 29 July 2025.
Different Deadlines For Taxpayers:
September 15 Deadline For Those Who Don’t Require Audit
The tax department has extended the deadline for those taxpayers who don’t require audit to file the taxes. The changes in income tax forms, new slabs under new income tax and capital gain taxes have prompted the department to extend the dates.
Who Can File ITR By October 31, 2025?
Taxpayers whose accounts need to be audited—such as companies, proprietorships, and working partners in firms—have until October 31, 2025, to file their income tax returns (ITR) for the financial year 2024-25 (assessment year 2025-26).
Before they can do that, they must ensure their audit report is submitted by September 30, 2025. As of now, the Income Tax Department has not announced any extension to this deadline.
Deadline for Those with International Dealings
If a taxpayer is involved in international transactions or certain specified domestic transactions, they are required to submit a report under Section 92E. In this case, the due date for filing ITR is November 30, 2025.
To stick to this timeline, their audit report must be submitted by October 31, 2025. Just like in other categories, the government has not given any update about extending this due date.
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A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al… Read More
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Trade talks: India, EU wrap up 14th round of FTA negotiations; push on to seal deal by December – The Times of India

India and the 27-nation European Union (EU) have concluded the 14th round of negotiations for a proposed free trade agreement (FTA) in Brussels, as both sides look to resolve outstanding issues and move closer to signing the deal by the end of the year, PTI reported citing an official.The five-day round, which began on October 6, focused on narrowing gaps across key areas of trade in goods and services. Indian negotiators were later joined by Commerce Secretary Rajesh Agrawal in the final days to provide additional momentum to the talks.During his visit, Agrawal held discussions with Sabine Weyand, Director General for Trade at the European Commission, as both sides worked to accelerate progress on the long-pending trade pact.Commerce and Industry Minister Piyush Goyal recently said he was hopeful that the two sides would be able to sign the agreement soon. Goyal is also expected to travel to Brussels to meet his EU counterpart Maros Sefcovic for a high-level review of the progress made so far.Both India and the EU have set an ambitious target to conclude the negotiations by December, officials familiar with the matter said, PTI reported.Negotiations for a comprehensive trade pact between India and the EU were relaunched in June 2022 after a hiatus of more than eight years. The process had been suspended in 2013 due to significant differences over market access and tariff liberalisation.The EU has sought deeper tariff cuts in sectors such as automobiles and medical devices, alongside reductions in duties on products including wine, spirits, meat, and poultry. It has also pressed for a stronger intellectual property framework as part of the agreement.For India, the proposed pact holds potential to make key export categories such as ready-made garments, pharmaceuticals, steel, petroleum products, and electrical machinery more competitive in the European market.The India-EU trade pact talks span 23 policy chapters covering areas such as trade in goods and services, investment protection, sanitary and phytosanitary standards, technical barriers to trade, rules of origin, customs procedures, competition, trade defence, government procurement, dispute resolution, geographical indications, and sustainable development.India’s bilateral trade in goods with the EU stood at $136.53 billion in 2024–25, comprising exports worth $75.85 billion and imports valued at $60.68 billion — making the bloc India’s largest trading partner for goods.The EU accounts for nearly 17 per cent of India’s total exports, while India represents around 9 per cent of the bloc’s overall exports to global markets. Bilateral trade in services between the two partners was estimated at $51.45 billion in 2023.
Business
Indias Real Estate Equity Inflows Jump 48 Pc In Q3 2025: Report

NEW DELHI: Equity investments in India’s real estate sector jumped 48 per cent year-on-year to $3.8 billion in the July-September period (Q3), a report said on Friday. This growth in inflow was primarily fuelled by capital deployment into land or development sites and built-up office and retail assets, according to the report by real estate consulting firm CBRE South Asia.
In the first nine months of 2025, the equity investments increased by 14 per cent on-year to $10.2 billion — from $8.9 billion in the same period last year.
The report highlighted that land or development sites and built-up office and retail assets accounted for more than 90 per cent of the total capital inflows during Q3 2025.
On the category of investors, developers remained the primary drivers of capital deployment, contributing 45 per cent of the total equity inflows, followed by Institutional investors with a 33 per cent share.
CBRE reported that Mumbai attracted the highest investments at 32 per cent, followed by Pune at around 18 per cent and Bengaluru at nearly 16 per cent.
Anshuman Magazine, Chairman and CEO – India, South-East Asia, Middle East and Africa, CBRE, said that the healthy inflow of domestic capital demonstrates the sector’s resilience and depth.
“In the upcoming quarters, greenfield developments are likely to continue witnessing a robust momentum, with a healthy spread across residential, office, mixed-use, data centres, and I&L sectors,” he added.
In addition to global institutional investors, Indian sponsors accounted for a significant part of the total inflows.
“India’s ability to combine strong domestic capital with global institutional participation will remain a key differentiator in 2026 and beyond,” added Gaurav Kumar, Managing Director, Capital Markets and Land, CBRE India.
CBRE forecasts a strong finish for the investment activity in 2025, fuelled by capital deployment into built-up office and retail assets.
For the office sector, the limited availability of investible core assets for acquisition indicate that opportunistic bets are likely to continue gaining traction, the report noted.
Business
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