Extended ITR Filing Deadline for AY 2025–26

In a significant relief to taxpayers, the CBDT has extended the deadline for filing Income Tax Returns (ITRs) for the Assessment Year 2025–26 from July 31, 2025, to September 15, 2025. This extension aims to accommodate the recent changes in ITR forms and ensure a smoother filing process for all stakeholders.

Introduction of Updated ITR Forms

The CBDT has notified several updated ITR forms for AY 2025–26:

• ITR-1 & ITR-4: Released on April 29, 2025, with minor modifications.

• ITR-3: Notified on May 2, 2025, catering to individuals and HUFs with income from business or profession.

• ITR-5: Issued on May 1, 2025, with significant changes, including a split in capital gains reporting.

• ITR-6: Notified on May 6, 2025, applicable to companies other than those claiming exemption under Section 11.

• ITR-7: Updated to mandate more disclosures on foreign donations for entities like political parties and charitable trusts.

Revised ITR-U Form for Updated Returns

The CBDT has also updated the ITR-U form, allowing taxpayers to file updated returns within 48 months from the end of the relevant assessment year. This move aims to enhance voluntary compliance and provide an extended opportunity for rectifying tax records.

Key Compliance Changes

• Enhanced Disclosures: Entities filing ITR-7 must now provide detailed information on foreign contributions, voluntary donations, and utilization of funds.

• Capital Gains Reporting: ITR-5 and ITR-6 forms now require a split in capital gains reporting, distinguishing between gains before and after July 23, 2024.

Action Points for Taxpayers

• Review Updated Forms: Ensure you are using the correct and updated ITR form applicable to your income sources.

• Utilize Extended Deadline: Take advantage of the extended deadline to accurately compile and verify your financial information.

• Stay Informed: Regularly check official CBDT notifications for any further updates or changes.