Many taxpayers are worried as essential earnings tax return (ITR) utilities like ITR-2, ITR-3, ITR-5, ITR-6 and ITR-7 for the present day assessment year 2025-26 are nonetheless not geared up.
While the principal Board of Direct Taxes (CBDT) has already driven the submitting cut-off date from July 31 to september 15, experts now consider taxpayers might also need even extra time if these paperwork don't come quickly.
CBDT extended DUE DATE in advance
In may additionally, the CBDT introduced the primary extension to offer taxpayers greater time. In its press note, it stated, "In view of the large modifications added in the notified profits Tax Returns (itrs) and considering the time required for gadget readiness and rollout of ITR utilities for assessment yr (AY) 2025-26, the relevant Board of Direct Taxes (CBDT) has determined to increase the due date for submitting returns."
It further brought, "To make certain a easy and handy submitting experience for taxpayers, the due date for filing itrs, in the beginning thirty first July 2025, is prolonged to fifteenth september 2025."
The board also highlighted that the brand new itrs for AY 2025-26 have visible primary structural and content modifications to make compliance less complicated, enhance transparency, and help humans record correct returns.
PENDING UTILITIES FOR previous YEARS
Including to the problem, updated go back utilities for the preceding years, AY 2021-22 and AY 2022-23, which want to consist of updates from the Finance Act 2025, are yet to be made to be had.
AUDIT- paperwork nevertheless AWAITED
It's not simply the ordinary forms. Audit-associated forms like 3CA/3CB-3CD, which might be needed for tax audit cases, have no longer been released both. Without those, tax specialists can't entire audit filings in time.
TAX specialists k greater TIME
Because of a majority of these pending forms, tax specialists are urging the government to supply any other extension. They warn that with out enough time, taxpayers should make errors or fail to document in any respect. Many have recommended that the deadline for non-audit cases ought to be pushed to september 30, 2025, and for audit cases to november 30, 2025.
In keeping with abhishek Kumar, Sebi RIA and Founder at sahajmoney, "With over 100 days passed for the reason that submitting season started out and important ITR utilities still missing, any other cut-off date extension seems inevitable. The government must renowned that taxpayers ready to report should not suffer because of device disasters beyond their manipulate."
NO authentic word but
So far, the earnings Tax department has no longer given any replace on some other extension. However with time limits approaching and bureaucracy nonetheless missing, taxpayers and specialists are left ready and hoping for a clear assertion quickly.
For now, it's all approximately ready. Until those forms are launched, submitting itrs on time will remain a tough undertaking for plenty.
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