ITR Filing Deadline Extended
CBDT New Date and ITR 2025-26 Updates
The Central Board of Direct Taxes (CBDT) has extended the last date for filing income tax returns (ITRs) for assessment year (AY) 2025-26 which is indeed a big move that will bring relief to many taxpayers.
If we talk about the deadline, earlier it was 31st-July-2025 but now the new date has been extended to 15th-Sep-2025.
This will give individuals and businesses more time and comfort to file their returns without any stress.
ITR Filing Deadline Extended | Relief to Tax payers
The decision of the Central Board of Direct Taxes- CBDT to extend the ITR filing deadline from 31st-July-2025 to 15th-Sep-2025 is a welcome move for many taxpayers.
This additional time will help ensure accurate filing and compliance with the latest tax rules. The updated ITR form includes major changes aimed at simplifying the process and improving transparency.
ITR Filing Deadline Extended | Date for filing ITR extended?
The decision to extend the deadline has been taken due to several important reasons
- Changes in ITR Forms: Since, the ITR forms have been updated or revised for the Assessment Year 2025-26. These changes have made it easier to report income details, reduced errors and improved transparency. But these updates will take time to be fully implemented and test the Income Tax Department’s systems.
- Delay in TDS Credit: Another reason is TDS – Tax Deducted at Source statements are due by 31st-May-2025. However, these credits only show up in accounts by early June.
As per the earlier timelines, it was difficult to match TDS credit with returns, but extension in ITR filing has ensured ease in correct reflection of TDS.
ITR Filing Deadline Extended
What’s New in the ITR Forms for AY 2025-26?
The Income Tax Department has made changes in all seven ITR forms. The aim of these changes is to make tax filing simple and clear.
Let’s know about the changes –
(i). ITR-1 (Sahaj)
- For resident individuals with total income up to Rs 50 lakh.
- Income can include salary, one house property and other sources as well.
- Now it allows reporting of Long Term Capital Gains (LTCG) up to Rs 1.25 lakh.
(ii). ITR-2
- For Individuals and Hindu Undivided Families (HUFs) with capital gains, it does not include business income.
- Capital gains must now be reported separately based on whether they happened before or after 23-July-2024. This change follows the 2024 Union Budget’s updates to Long Term Capital Gains (LTCG) rules.
(iii). ITR-3
- For Individuals and Hindu Undivided Families (HUFs) with income from business or profession.
- Asset and Liability reporting limit under Schedule AL (Asset & Liability) has been increased from Rs 50 lakh to Rs 1 crore, making compliance easier for many.
(iv). ITR-4 (Sugam)
- Using presumptive taxation for Individuals, Hindu Undivided Families (HUFs) and Firms (except LLPs – Limited Liability Partnership)
- Now giving relief to small taxpayers, reporting of long term capital gains (LTCG) up to Rs 1.25 lakh has been allowed.
(v). ITR-5 and ITR-6
- For Firms, Limited Liability Partnership (LLPs), Associations, Cooperative societies and Companies.
- These two forms include adjustments to capital gains schedules to align with new tax rules from July 2024.
(vi). ITR-7
- For trusts and charitable institutions.
- Updated to reflect new tax rules and improved reporting clarity.
Also Read: Top FD Interest Rates 2025: Private and Public Banks for Investments and Tax Benefits.
Will it be helpful or not
This extension in the date of filing ITR will bring several benefits, which include
- More time for correct reporting of TDS credits.
- The new form changes reduce the risk of filing errors.
- Less stress and better compliance for taxpayers.
For Detailed Insights : Income Tax Department
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