ITR Filing Due Date for Transfer Pricing Assessees – FY 2024-25: Everything You Must Know


Transfer Pricing (TP) compliance has become one of the most critical areas for businesses engaged in international transactions or specified domestic transactions. With the growing focus of the Income Tax Department on transparency, documentation, and cross-border dealings, TP assessees must be extra vigilant when it comes to filing their Income Tax Returns (ITR).

For the Financial Year 2024-25 (Assessment Year 2025-26), the deadline for assessees who are required to furnish a Transfer Pricing Audit Report under Section 92E is 30th November 2025. Missing this deadline can lead to severe consequences, including penalties, interest, and increased scrutiny from the department.

This blog explains everything you need to know about this due date, who is covered, why TP compliance is important, and how to stay fully compliant.

Who Is Considered a Transfer Pricing Assessee?

An assessee becomes liable for Transfer Pricing compliance if they are involved in:

1. International Transactions

These include financial or business transactions between:

  • Associated enterprises (AE) located in different countries

  • Examples: sale of goods, loans, services, royalties, IP transfers, etc.

2. Specified Domestic Transactions (SDT)

Applicable when the value of transactions exceeds the prescribed threshold.
Examples:

  • Payments to related domestic entities

  • Inter-unit transfers under tax holiday provisions

  • Remuneration to related parties under Section 40A(2)(b)

If any such transactions exist, the assessee must maintain TP documentation and obtain a TP Audit Report in Form 3CEB, certified by a Chartered Accountant.

Section 92E – The Cornerstone of TP Compliance

Section 92E of the Income Tax Act mandates that every person who has entered into international or specified domestic transactions must obtain and furnish Form 3CEB on or before the due date.

This certified report includes:

  • Nature and details of transactions

  • Arms-length price computations

  • Method used for determining ALP

  • Documentation summary

This report forms the basis for the Income Tax Department to assess whether transactions have been conducted at fair and independent market prices.

ITR Filing Due Date for Transfer Pricing Assessees – FY 2024-25

The Income Tax Return for TP assessees (who file ITR-3 or ITR-6) must be filed by:

👉 30th November 2025

for Assessment Year 2025-26

This extended time is provided because:

  • TP documentation is extensive

  • Examination of ALP requires expert analysis

  • Form 3CEB needs careful verification by a CA

However, this additional time does not reduce the compliance burden. Delays or last-minute filing may lead to avoidable mistakes.

Consequences of Late Filing for TP Assessees

Failing to file the ITR by the deadline leads to several financial and procedural issues:

1. Late Filing Fees under Section 234F

  • ₹5,000 if filed after due date but before 31st Dec

  • ₹10,000 if filed after Dec

  • ₹1,000 for small taxpayers with income below ₹5 lakh

2. Interest under Section 234A

If tax is payable, interest at 1% per month is applicable.

3. Penalty for Failure to Furnish Form 3CEB

Section 271BA imposes a penalty of ₹1,00,000 for not filing the TP audit report on time.

4. Higher Scrutiny

Transfer Pricing cases already attract detailed examination. Late compliance increases scrutiny risk.

5. Loss of Carry-Forward Benefits

Losses such as business loss or depreciation may not be allowed to carry forward if the ITR is filed late.

Why TP Assessees Should Prioritize Early Filing

Unlike normal ITR filings, Transfer Pricing returns involve expert evaluation, voluminous documentation, and multi-layered verification. Early preparation helps in:

✓ Reducing errors

✓ Avoiding mismatch issues

✓ Preventing last-minute rush

✓ Ensuring compliance with multiple cross-border regulations

✓ Better availability of your CA and TP professionals

The Income Tax Department is also accelerating the scrutiny of international transactions, making timely filing even more crucial.

Documents Required for TP ITR Filing

To file correctly, the following documents must be prepared:

  • Form 3CEB – TP Audit Certificate

  • TP Local File with benchmarking study

  • Master File (if applicable)

  • Details of all international or SDT transactions

  • Invoices, agreements, debit notes

  • Financial statements for FY 2024-25

  • Trial balance and ledgers

  • Computation of income

Proper documentation is not optional—it is mandatory and must be maintained for at least 8 years.

How Taxla Services Can Help

At Taxla Services P. Ltd, we specialize in Transfer Pricing compliance, documentation, and tax filing. Our experts ensure:

  • Accurate preparation of Form 3CEB

  • Correct benchmarking and ALP determination

  • Timely ITR filing

  • End-to-end compliance under Section 92E

  • Strong defense support in case of scrutiny or audits

With increasing tax vigilance, having a professional team ensures peace of mind and error-free compliance.

Conclusion

The ITR filing deadline for Transfer Pricing assessees for FY 2024-25 is 30th November 2025. Meeting this date is crucial to avoid penalties, interest, and scrutiny. TP compliance is detailed and requires expert handling—early preparation and timely submission can save businesses from unnecessary legal and financial risks.

If your business is engaged in international or domestic related-party transactions, now is the right time to get your TP documents reviewed by professionals.

📞 Contact us today: +91 7305701454
📧 Email: auditsiva2@gmail.com
🌐 Website: www.taxlaservices.com

Taxla Services P. Ltd – Your Trusted Partner in Tax & Transfer Pricing Compliance

#TaxFilingInChennai #TransferPricing #Section92E #IncomeTaxIndia #ITRDueDate #TaxConsultant #TaxAdvisory #ChennaiBusiness #FinanceUpdates #TaxCompliance #BestAuditorInTamilnadu



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