Due to the start of the new tax year 2024-2025, tax compliance becomes particularly relevant for individuals, local and multinational companies, and non-resident taxpayers. Beyond the general Indian Income Tax Return (ITR) filing dates, it is imperative to pay attention to specific Transfer Pricing obligations. This discipline has become increasingly important in emerging economies and requires proper planning and documentation from business groups.
Tax Calendar 2025: Official ITR Filing Dates
The Tax Authority of India has confirmed the following filing due dates for the fiscal year return 2024-25 (Assessment Year 2025-26):
| Type of taxpayer | ITR Filing Deadline |
|---|---|
| Individuals and salaried employees without audit | July 31, 2025 |
| Companies or professionals subject to tax audit | October 31, 2025 |
| Taxpayers subject to Transfer Pricing reporting (Section 92E) | November 30, 2025 |
| Overdue or rectified returns | December 31, 2025 |
Important note: Companies subject to transfer pricing regulations must file the mandatory report before filing their tax return, so this should be planned in advance.
Transfer Pricing: A Key Requirement for Business Groups
Section 92E of the Indian Income Tax Act imposes an obligation to file a detailed transfer pricing report on all entities that engage in international transactions with related parties or certain relevant domestic transactions. This report must be prepared and certified by an independent public accountant in accordance with Form 3CEB.
The purpose of this regulation is to ensure that transactions between related companies are carried out at arm’s length, thus preventing profit manipulation and tax base erosion in India.
Conclusion
The dates for filing income tax returns in India are an essential part of the tax calendar, but they also represent an opportunity to comprehensively review the transfer pricing policies implemented by companies.
Strict compliance in this area not only avoids penalties, but also contributes to transparency and greater confidence with the tax authorities, particularly in an environment of increasing international cooperation on tax matters and the fight against tax evasion.
TPC Group Advice
At TPC Group, we have an experienced Transfer Pricing and International Taxation team at your disposal to advise you on corporate restructuring processes, ensuring regulatory compliance, and optimizing your tax position. Contact us for a customized consultation.
Sources: BT Money Today / Upstox Personal Finance News / Cleartax