The Income Tax department has now notified all seven forms for taxpayers to file their returns — with some due by the end of July. The last date for individuals and those who do not have to get their accounts audited is July 31. Meanwhile businesses and professionals requiring an audit as well as domestic companies will have time till October 31 to file their returns for the recently concluded financial year.
According to details notified by the income tax department, most people will have to file their tax returns by July 31 for assessment year 2025-26. Taxpayers choosing to pay taxes at a concessional rate or avail various exemptions will also have to submit the relevant statements and declarations by this date.
This deadline will not be applicable for corporate-assessees as well as individuals whose books of account are required to be audited. It will also not apply for the partner of a firm whose accounts are required to be audited or the spouse of such partner if the provisions of section 5A are applicable. An assessee who is required to furnish a report under section 92E will also be exempted from the July 31 deadline.
| Individuals, HUFs, AOPs, BOIs (non-audit) | July 31 |
| Businesses or professionals requiring audit | October 31 |
| Domestic companies | October 31 |
| Taxpayers with transfer pricing reports | November 30 |
| Belated or revised returns | December 31 |
Who can file which ITR form?
ITR Form 1 (Sahaj) and ITR Form 4 (Sugam) are simpler forms that cater to a large number of small and medium taxpayers. Sahaj can be filed by a resident individual having annual income of up to Rs 50 lakh and who receives income from salary, one house property, other sources (interest) and agricultural income up to Rs 5,000 a year. Sugam can be filed by individuals, Hindu Undivided Families (HUFs) and firms (other than Limited Liability Partnerships (LLPs)) having a total annual income of up to Rs 50 lakh and income from business and profession.
ITR-2 is filed by individuals and HUFs not having income from profits and gains in business or profession, but having income from capital gains.
ITR-5 is filed by firms and Limited Liability Partnership and Cooperative Societies.
ITR-6 is filed by companies registered under the Companies Act.
ITR-7 is filed by trusts and charitable institutions.