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Where are ITR-2 and ITR-3 forms? Why they're missing and what to do

Where are ITR-2 and ITR-3 forms? Why they're missing and what to do

India Todaya day ago
It's that time of the year when taxpayers rush to file their returns. But many are stuck because ITR-2 and ITR-3 forms are still not available. This has caused confusion and worry among salaried individuals and professionals. Why the delay? Here's a simple look at the reasons behind it.WHAT'S TAKING SO LONG?Tax experts say that ITR-2 and ITR-3 are far more detailed than the basic ITR-1 or ITR-4 forms. People who file ITR-2 or ITR-3 usually have earnings from multiple houses, capital gains, foreign income, foreign assets, business or professional work, directorships, unlisted company shares and more.This time, the government has made major changes to these forms. For example, taxpayers now need to report capital gains earned before and after July 23, 2024 separately. There's also extra reporting for deductions, exemptions and Tax Deducted at Source (TDS) section codes.Because of these changes, the Income Tax Department needs more time to update the online and offline filing systems. This is one of the main reasons behind the delay.WHO NEEDS TO FILE ITR-2 AND ITR-3?Not everyone needs these forms. ITR-2 is for individuals and Hindu Undivided Families (HUFs) who have salary income, more than one house, capital gains, foreign assets or overseas income, or if they are company directors or hold unlisted shares. People earning from business or professional work do not use this form.advertisementOn the other hand, ITR-3 is for self-employed people, independent professionals and partners in firms. It covers income from business, profession, capital gains, unlisted shares, derivatives trading and more.
Contrastingly, if your income is simple, only salary or pension, ITR-1 or ITR-4 is usually enough.WHAT THE TAX DEPARTMENT SAYSMeanwhile, the government has already extended the last date to file your ITR to 15 September 2025. So, taxpayers who usually file by July 31, have extra time this year.On May 27, 2025, the government in its press release said, 'In view of the extensive changes introduced in the notified Income Tax Returns (ITRs) and considering the time required for system readiness and rollout of ITR utilities for Assessment Year (AY) 2025-26, the Central Board of Direct Taxes (CBDT) has decided to extend the due date for filing returns.''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,' it added.The government further mentioned, "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."WHAT SHOULD YOU DO NOW?If you need to file ITR-2 or ITR-3, there's no need to panic. Use this extra time to collect all your papers, check your income details, get your Form 16, bank statements, capital gains statements and keep all proofs ready.Once the forms are live, filing early will help you avoid last-minute stress.So stay patient, stay prepared, and keep an eye on the Income Tax website for the release of the ITR-2 and ITR-3 utilities.- Ends
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