ITR Filing Deadlines and Form Updates for AY 2025-26 – Everything You Need to Know

20 May ITR Filing Deadlines and Form Updates for AY 2025-26 – Everything You Need to Know

ITR Filing Deadlines and Form Updates for AY 2025-26 – Everything You Need to Know

With the Assessment Year (AY) 2025-26 underway, taxpayers must be aware of the updated Income Tax Return (ITR) deadlines and form changes introduced this year. Filing your ITR on time not only helps you avoid penalties but also ensures faster processing of refunds and better compliance with Indian tax laws.

Here’s a simple and updated guide for salaried individuals, professionals, and businesses on due dates and key changes in ITR forms.

ITR Filing Due Dates for AY 2025-26

July 31, 2025

• Applicable For:
  • Salaried individuals
  • Small businesses and professionals not requiring audit

Tip: Start collecting your Form 16, investment proofs, and bank statements now to avoid last-minute rush.

October 31, 2025

• Applicable For:
  • Businesses and professionals whose accounts are subject to tax audit

Note: If your books need to be audited under Income Tax Act or other laws, this is your key date to remember.

Key Changes in ITR Forms – AY 2025-26

The Income Tax Department has made ITR filing easier and more inclusive by updating the eligibility for some forms. Here are the latest changes:

ITR-1 (Sahaj) and ITR-4 (Sugam) – Wider Eligibility

• Taxpayers with Long-Term Capital Gains (LTCG) up to ₹1.25 lakh can now file using ITR-1 or ITR-4.
• This change simplifies the return filing process for investors who earlier had to switch to more complex forms even for small capital gains.

Example: If you sold shares or mutual funds and earned LTCG of ₹1.20 lakh in FY 2024-25, you can still file ITR-1/4, if other conditions are also met.

Why Timely ITR Filing is Important

• Avoid late fees under Section 234F (₹1,000 to ₹5,000).
• Ensure smooth loan processing, visa applications, and compliance history.
• Avail carry forward of losses and claim refunds without delay.

Conclusion

Stay updated and file your Income Tax Return (ITR) on time. Whether you are a salaried employee, a small business owner, or a professional, the due dates and new form updates make it easier to comply in AY 2025-26.

If you need expert help, don’t hesitate to reach out to a qualified tax consultant in Ghaziabad, Noida and Greater Noida.