ITR filing AY 2025-26: Deadline to file income tax returns extended from July 31 – check new date

Kaumi GazetteBusiness27 May, 20258.2K Views

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In a significant reduction to taxpayers, the Central Board of Direct Taxes (CBDT) has extended the deadline for filing Income Tax Returns (ITRs) for the evaluation 12 months 2025–26. Returns initially due by July 31, 2025, can now be filed till September 15, 2025. The extension comes amid vital revisions in ITR varieties, ongoing system growth, and the necessity for correct reflection of TDS credit.“CBDT has decided to extend the due date of filing of ITRs, which are due for filing by 31st July 2025, to 15th September 2025 This extension will provide more time due to significant revisions in ITR forms, system development needs, and TDS credit reflections. This ensures a smoother and more accurate filing experience for everyone. Formal notification will follow.” Income Tax Department, Government of India posted on X.According to CBDT, the notified ITRS for AY 2025-26 have undergone structural and content material revisions geared toward simplifying compliance, enhancing transparency, and enabling correct reporting. These modifications have necessitated extra time for system growth, integration, and testing of the corresponding utilities. Furthermore, credit arising from TDS statements, due for filing by thirty first May 2025, are anticipated to start reflecting in early June, limiting the efficient window for return filing within the absence of such extension.“In view of the extensive changes introduced in the notified ITRs and considering the time required for system readiness and rollout of Income Tax Return (ITR) utilities for Assessment Year (AY) 2025-26, the Central Board of Direct Taxes (CBDT) has decided to extend the due date for filing returns. Accordingly, to facilitate a smooth and convenient filing experience for taxpayers, it has been decided that the due date for filing of ITRS, originally due on 31st July 2025, is extended to 15th September 2025.” CBDT launch acknowledged. A proper notification reflecting the new deadline can be issued individually, mentioned V. Rajitha, Commissioner of Income Tax (Media & Technical Policy) and Official Spokesperson for CBDT.“This extension is expected to mitigate the concerns raised by stakeholders and provide adequate time for compliance, thereby ensuring the integrity and accuracy of the return filing process.” CBDT added. Meanwhile, the Income Tax Department has notified all seven ITR varieties for AY 2025–26, incorporating structural updates and simplifications. ITR-1 (Sahaj) is supposed for resident people with income up to Rs 50 lakh from wage, one home property, different sources (like curiosity), and agricultural income up to Rs 5,000. A key replace now permits salaried people to report lengthy-time period capital good points (LTCG) up to Rs 1.25 lakh beneath ITR-1, which was earlier not permitted.ITR-2 applies to people and Hindu Undivided Families (HUFs) who should not have income from enterprise or career however have income from capital good points. A new requirement mandates reporting capital good points individually primarily based on whether or not they arose earlier than or after July 23, 2024, due to modifications in LTCG tax remedy launched within the 2024 Union Budget.ITR-3 is for people and HUFs with income from enterprise or career. It now options an elevated reporting threshold beneath Schedule AL (Assets and Liabilities)—from Rs 50 lakh to Rs 1 crore—decreasing compliance for middle-income taxpayers.ITR-4 (Sugam) is designed for people, HUFs, and corporations (excluding LLPs) with complete income up to Rs 50 lakh who go for presumptive taxation beneath sections 44AD, 44ADA, or 44AE. It too now permits reporting of LTCG up to Rs 1.25 lakh, offering reduction to small taxpayers with restricted capital good points.ITR-5 is supposed for corporations, LLPs, AOPs, BOIs, and co-operative societies, whereas ITR-6 is relevant to firms, excluding these claiming exemption beneath part 11. Both these varieties embrace modifications within the capital good points schedule in keeping with the revised tax guidelines post-July 2024.Lastly, ITR-7 is for trusts and charitable establishments required to file returns beneath sections 139(4A), 139(4B), 139(4C), and 139(4D).

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