The Central Board of Direct Taxes (CBDT) on Tuesday determined to increase the due date of submitting of ITRs for the Evaluation Yr 2025-26, which had been due for submitting by thirty first July 2025, to fifteenth September 2025.
In an announcement, CBDT mentioned this extension will present extra time on account of important revisions in ITR types.(MINT_PRINT) Causes for ITR deadline extension
“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,” an announcement from CBDT mentioned.
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“Furthermore, 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,” it added.
The division mentioned this extension will present extra time on account of important revisions in ITR types, system improvement wants, and TDS credit score reflections. It additionally ensures a smoother and extra correct submitting expertise for everybody.
CBDT mentioned a proper notification to this impact will likely be issued shortly. “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 added.
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New ITR Type 5
Earlier this month, CBDT launched the brand new ITR Type 5 for AY 2025-26 with key modifications. Notable revision was the introduction of a break up inside the Schedule-Capital Acquire, mandating taxpayers to report capital positive factors earlier than and after July twenty third, 2024.
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New modifications allowed for the conditional reporting of capital losses incurred throughout share buybacks. That is relevant when the corresponding dividend earnings from these buybacks is being declared as “income from other sources,” notably for transactions occurring after October 1st, 2024.
The brand new Type 5 has a particular reference to part 44BBC of the Earnings Tax Act and requires specifying the Tax Deducted at Supply (TDS) part code inside Schedule-TDS.