The delay in notifying the ITR forms and releasing their utilities for AY 2025-26, despite no major structural amendments in the Finance Act 2024, could be due to internal operational or technological upgrades at the Income Tax Department’s end.It’s time to file Income Tax Returns (ITR), but this time there is some delay in the notification of the forms and their utilities. What is the reason for this and what should taxpayers do during this delay? To know the answers to these questions, we had a special conversation with Akhil Chandna, Partner and Global People Solutions Leader, Grant Thornton India.
In this conversation, he explained why the forms are getting delayed, what possible changes might be taking place in the backend technology and how it can affect taxpayers. Also, he explained whether the deadline of July 31 is likely to be extended if the forms are late. Above all, he also gave some easy suggestions on how taxpayers can complete their preparations during this wait, so that they can file their returns without any hassle as soon as the forms arrive.
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Areeb is a Tax Compliance and Digital Marketing expert helping businesses stay legally compliant and digitally strong. Connect with him for practical tax solutions and smart marketing strategies!
