New Delhi, Sept. 11 -- The deadline for filing income tax returns (ITR) is drawing near. Although the Central Board of Direct Taxes (CBDT) has extended the due date from 31 July to 15 September, experts believe no further relief is likely.

"I don't expect the ITR filing deadline to be pushed any further," said Prakash Hegde, chartered accountant (CA) at Acer Tax & Corporate Services. "Another extension would create a cascading impact on returns requiring audits. With the audit deadline fixed at 30 September, tax professionals are already under pressure."

Leaving tax filing until the last minute carries its own risks. Important disclosures might be overlooked, or supporting documents may be unavailable. New regulations can also confuse t...