ITR Filing For 2025: ITR-2 And ITR-3 For AY 2025-26 Enabled For Online Filing; Who Can File? (2025)

Last Updated:July 11, 2025, 12:11 IST

ITR Filing For AY 2025-26: Excel Utilities of ITR-2 and ITR-3 for AY 2025-26 are now live and available for filing, informs the income tax department in a post on X.

The last date to file non-audit ITRs this year is September 15, while those who require audit will have to file the income tax return by October 31.

ITR Filing For AY 2025-26: After a long wait, the income tax department on Friday has finally activated the ITR-2 and ITR-3 forms for e-filing income tax returns for the financial year 2024-25 (assessment year 2025-26). Eligible taxpayers can now start filing their ITR-2 and ITR-3 through the official e-filing portal.

“Attention Taxpayers! Excel Utilities of ITR-2 and ITR-3 for AY 2025-26 are now live and available for filing," the income tax department said in a post on X.

Until now, only ITR-1 and ITR-4 forms were available for online filing.

ITR-2 Vs ITR-3: Who Can File?

It is crucial to choose your correct ITR form to avoid penalties.

ITR-2: For Individuals and HUFs Not Having Business Income

Who can file:

Individuals and Hindu Undivided Families (HUFs) with income from:

• Salary/pension
• More than one house property
• Capital gains, as well as long-term capital gains exceeding Rs 1.25 lakh
• Foreign income/assets
• Dividend income exceeding Rs 10 lakh

Who cannot file:

• Those with income from business or profession

Best for: High-income individuals, stock traders, or property owners.

ITR-3: For Individuals and HUFs Having Income from Business or Profession

Who can file:

• Individuals/HUFs carrying on business or profession (proprietors)
• Includes income from intraday or derivative trading
• Partners in firms

Key feature: Allows balance sheet and P\&L account reporting.

Best for: Freelancers, professionals, traders, and business owners.

ITR-3 Updates for AY 2025-26?

Here are the key updates in ITR-3 form for AY 2025-26:

Capital Gains Segregation Based on July 23, 2024: A new split in Schedule Capital Gains is introduced to separately report gains before and after July 23, 2024, following changes in the Finance Act 2024.

Capital Loss on Share Buyback Allowed Post October 1, 2024: From October 1, 2024, capital loss on buyback of listed shares is allowed only if corresponding dividend income is reported under “Income from Other Sources".

Asset & Liability Reporting Threshold Doubled: Individuals now need to report assets and liabilities only if their total income exceeds Rs 1 crore, up from the earlier Rs 50 lakh threshold.

Detailed Reporting of Deductions Under Sections 80C, 10(13A), etc. The form requires granular details for deductions such as investments under 80C, house rent allowance (10(13A)), and others—aimed at tightening verification and compliance.

TDS Section Code in Schedule-TDS: The new format mandates disclosure of the TDS section code (e.g., 194A, 194H, etc.) in the Schedule-TDS, enhancing traceability of tax credits.

How to File ITR Online: A Step-by-Step Guide

Though online e-filing is expected to open soon, here’s the general process:

Register or Log In

• Visit the e-filing portal and log in using PAN (User ID) and password.
• New users can register with PAN, Aadhaar, and contact details.

Choose the Correct ITR Form

• Select the appropriate form (e.g., ITR-2 for salaried individuals).
• Go to the ‘Income Tax Return’ option under the e-File tab.

Pre-fill and Validate

• Review and edit auto-filled data from Form 26AS and AIS.
• Validate income, deductions, and tax credits.

Upload Documents

• Typically, documents like Form 16 are not uploaded but should be used to verify accuracy.

Submit and Verify

• Complete filing and e-verify using Aadhaar OTP, net banking, DSC, or bank account EVC.

ITR Filing 2025 Last Date This Year

The last date to file non-audit ITRs this year is September 15. However, those who require audit will have to file the income tax return by October 31.

About the Author

Mohammad Haris

Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h...Read More

Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h...

Read More

Stay updated with all the latest business news, includingmarket trends,stock updates,tax, IPO,banking finance, real estate, savings and investments. Get in-depth analysis, expert opinions, and real-time updates—only on News18. AlsoDownload theNews18 Appto stay updated!

Location :

New Delhi, India, India

First Published:

July 11, 2025, 09:23 IST

News business » tax ITR E-Filing FY2024-25: ITR-2 And ITR-3 Enabled For Online Filing; Who Can File?