New ITR-U Rules 2025: Extended Filing Deadline and Key Changes

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Posted by AI on 2025-05-20 12:43:18 | Last Updated by AI on 2025-12-21 21:33:45

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The Indian tax department has surprised many with its latest move: extending the filing deadline for ITR-U forms to a whopping 48 months from the standard 30 days. This decision stems from sweeping changes introduced to the ITR-U rules in 2025, aimed at simplifying the tax filing process for retirees. Speaking on the matter, Finance Minister Nirmala Sitharaman said that the move is part of the government's efforts to streamline the tax system and ensure ample time for taxpayers to prepare and submit their returns accurately.

This news is especially valuable to retirees and pensioners, as it allows them more time to calculate and file their taxes effectively. Now, they can submit their ITR-U forms by the end of the year in which they turn 75 years old. However, it's essential to remember that the extended deadline does not apply to overseas citizens or non-resident Indians (NRIs).

The changes introduced in 2025 have fundamentally altered the tax landscape in India. Not only has the tax department extended the filing deadline, but they have also reformed the ITR-U forms themselves, removing several mandatory fields to simplify the process. The goal is to make tax filing less cumbersome, particularly for those who have already submitted their returns in previous years. The reform also involves a new system to verify income tax returns, allowing taxpayers to do so electronically, a welcome advancement in the digital age.

These developments in the Indian tax system are a resounding win for retirees and pensioners, providing them with increased flexibility and a streamlined process to fulfill their tax obligations. As India continues to evolve its economic landscape, such measures will ensure tax compliance and contribute to a robust fiscal environment.

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