⚠️ Tax Alert: Why Filing Your ITR Before June 15, 2025, Could Be a Costly Mistake

As the ITR filing window for Financial Year 2024-25 (Assessment Year 2025-26) opens, many enthusiastic taxpayers are preparing to submit their returns. But hold on! Filing too early—before June 15—could lead to unnecessary errors, mismatches, and complications.

Let’s break down why waiting could be the smartest tax decision you make this year.

🕒 Why You Should Wait Until After June 15

📄 1. TDS Certificates Still in Process (Form 16 & 16A)

Employers and banks are required to issue Form 16 and Form 16A by June 15. These certificates contain crucial details of tax deducted at source. Filing your ITR without them can result in discrepancies, which might trigger notices from the Income Tax Department.

💼 2. Statement of Financial Transactions (SFT) May Be Incomplete

The SFT includes high-value transactions like large deposits, property purchases, and mutual fund investments. It is typically finalized by mid-June. Filing early may cause mismatches, especially if some of your key transactions aren’t yet reflected in the system.

🛠️ 3. Filing Utilities May Still Be Updating

Even though ITR forms are notified, the official filing utilities or tools might still be under update or revision. Filing through outdated utilities can lead to errors, glitches, or even outright rejection of your return.

✅ Why Waiting Pays Off

• Accurate Data: Gives time for all your tax documents and transaction details to align perfectly.

• Fewer Errors: Reduces the risk of filing incorrect or incomplete information.

• Smoother Experience: Updated utilities and complete documentation ensure a glitch-free filing process.

📌 Final Thoughts

While early action is usually encouraged in financial matters, this is one of those cases where patience truly pays off. Waiting until after June 15, 2025, ensures a more accurate, complete, and confident ITR filing experience.

Need expert assistance?

📞 Contact DhanTax Today

Let our professionals handle your ITR filing with precision, compliance, and zero stress.

🧾 DhanTax – Your Trusted Tax Compliance Partner