ITR filing 2025: CBDT extends due date for filing income tax returns from 31 July to...; check details

ITR filing: The Income Tax Department has extended the ITR filing deadline for AY 2025-26 to September 15 from July 31. 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.

"The notified ITRs for AY 2025-26 have undergone structural and content revisions. aimed at simplifying compliance, enhancing transparency, and enabling accurate reporting. These changes have necessitated additional time for system development, integration, and testing of the corresponding utilities," I-T department said in a statement.

It added, "Credits arising from TDS statements, due for filing by 31st May 2025, are expected to begin reflecting in early June, limiting the effective window for return filing in the absence of such extension. 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, it said.

The CBDT has notified the income tax return forms ITR-1 and ITR-4 for the financial year 2024-25 and the assessment year 2025-26 on April 30. The returns for incomes earned during the financial year from April 1, 2024, to March 31, 2025, have to be filed using the new forms.

Changes in ITR-1

A major change in the ITR forms this year is that ITR-1 (SAHAJ) can be filed for notifying long-term capital gains (LTCG) under section 112A. This is subject to the condition that the LTCG is not more than Rs 1.25 lakh, and the income tax assessee has no loss to carry forward or set off under the capital gains head.

Earlier, ITR 1 did not have a provision to report capital gains tax. This year, taxpayers who have long-term capital gains from the sale of listed equity shares and equity-oriented mutual funds can use ITR-1 to file their tax returns. However, ITR-1 forms cannot be filed in cases of taxpayers who have capital gains from the sale of house property or short-term capital gains from listed equity and equity mutual funds.

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