By News18
ITR Filing FY2024-25: The income tax filing return (ITR) season for the FY 2024-25 has been underway. The Income Tax department has extended the deadline to September 15, 2025 from July 31, 2025, giving taxpayers more time to complete their tax duties without any rush and avoid any errors and mistakes. For that purpose, IT department has already opened the utilities for the form-1 and form-4 on the income tax portal. Moreover, most employees have received Form-16 by now, allowing salaried taxpayers to fill the ITR on Income Tax Portal.
But Form 2 and Form 3 are still not available for taxpayers, which raises several questions.
However, those who file ITR-2 or ITR-3 have not yet been able to start the process of ITR filing since the utilities have not yet been released online (incometax.gov.in) or offline by the tax department.
Why Are There A Delay In ITR-2 And ITR-3 Forms?
The delay in releasing ITR-2 and ITR-3 forms is likely due to the complex nature of these returns and the major updates introduced this year, experts say.
According to Sonu Iyer, Partner and National Leader 鈥 People Advisory Services (Tax) at EY India, these forms are meant for individuals with more detailed financial profiles鈥攊ncluding those with income from multiple properties, capital gains, foreign income or assets, business/professional earnings (for ITR-3), directorships, or unlisted shares. These forms also apply to people with total income over Rs 50 lakh or those carrying forward past losses.
鈥淭hese forms require far more detailed disclosures than ITR-1 or ITR-4,鈥 Iyer told The Times of India.
The delay, she said, is mainly due to technical changes needed in the filing utilities鈥攅specially after updates introduced through the Finance Act 2024. For example, taxpayers now have to report capital gains earned before and after July 23, 2024, give detailed breakdowns of deductions, and specify TDS section codes more clearly.
This can be filled by individuals or Hindu Undivided Families (HUFs) whose total income for the Year 2025鈥26 includes different sources. It is suitable for those earning from a salary or pension, income from house property or income from other sources. It is also for people who are company directors or who have invested in unlisted shares during the year, along with Resident Not Ordinarily Residents (RNORs) and Non-Residents. If you have income from capital gains, foreign income or agricultural income of more than Rs 5000, you must use form 2.
Individuals or Hindu Undivided Families (HUFs) who earn income from running a business are eligible to file this. The form should be used if the person is not using the presumptive income scheme and needs to maintain proper books of accounts or get them audited. Those who have invested in unlisted equity shares during the financial year.