ITR Filing 2025: There is less time for those who file ITR-5, 6 and 7, but the utility has still not come. What is the reason for this delay? When will the forms come? And what should taxpayers be cautious about now? Know from the expert.
ITR Filing 2025: The Income Tax Department has not yet released the online filing utility for ITR-5, ITR-6 and ITR-7 forms. The extended last date for filing returns for non-audit cases is 15 September 2025, but now only two months are left. In such a situation, the concern of those filing returns through these forms has increased.
What is the reason for the delay?
According to tax experts, the major technical and structural changes made in the income tax return form are the main reason behind the delay this time.
Sandeep Sehgal, Tax Partner, AKM Global, says, “There have been many changes in tax rates and reporting for the assessment year 2025-26. The department has opted for a phase-wise rollout of the utility to ensure technical stability and proper integration with backend systems such as AIS and Form 26AS.”
Kinjal Bhutta, Treasurer and Chartered Accountant, BCAS, says that technical glitches in the utility and errors in pre-filled data are also causing delays. He said that the utility of ITR-2 and ITR-3 was also delayed recently due to this reason.
For whom are ITR-5, 6 and 7?
According to the Income Tax Act, 1961, ITR-5 is for bodies such as firms, LLPs and co-operative societies. At the same time, ITR-6 is filled by those companies which do not claim exemption under Section 11 (income from property for religious or charitable purpose). ITR-7 is for trusts, political parties and other institutions that are eligible for exemption under sections 139(4A) to 139(4D).
Major changes this year
Important changes have been made in all three forms this time. It is also important to know about them before filing the return.
In ITR-5, buyback loss can be shown only in the case when tax has been paid on the relevant dividend.
In ITR-6, it is mandatory to report capital gains before and after 23 July 2024 separately. Apart from this, income from cruise operations and sale of diamonds, and loss related to buyback will also have to be explained in detail.
New reporting like capital gain, housing loan interest (section 24(b)) and TDS section code has been made mandatory in ITR-7. Also, tax on long term capital gain has been increased to 12.5% and on short term gain to 20%.
When can the utility come?
Experts believe that although this delay is inconvenient, it will reduce the chances of data error on the portal. It is expected that the utility for ITR-5, 6 and 7 will be made available by the end of July.
At the same time, taxpayers who are filing ITR in physical mode will be required to take a print of ITR-V, sign it and send it to CPC Bangalore within 30 days of filing the return, if they do not opt for e-verification.
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