ITR-2 & ITR-3 Filing Delayed, Taxpayers With Business Or Capital Gains Must Wait

New Delhi: If you’re ready to file your Income Tax Return for the financial year 2024-25 but need to use ITR-2 or ITR-3, there’s a delay. The Income Tax Department has not yet released the utilities (software or tools) for these forms. This means you cannot file your return if these forms apply to you.

Salaried Individuals Must Take Note, ITR-2 Now Mandatory For Multiple Incomes and Investments

Who is affected by the delay?

This impacts a large number of people including:

- Salaried professionals with multiple properties or capital gains

- High Net Worth Individuals (HNIs)

- Freelancers or professionals like doctors, lawyers, and chartered accountants

- Individuals with foreign income or foreign assets

- Anyone running a business or profession

If you fall into any of these categories, this delay applies to you.

New ITR-3 Form For AY 2025-26 Notified: Capital Gains Split By July 23, Asset Reporting Eased

Which form should you use — ITR-2 or ITR-3?

Knowing the right form is very important before filing.

Use ITR-2 if:

- You have income from salary, capital gains, or house property

- You do not have income from business or profession

- You have foreign income or assets

- You want to club a spouse’s or child’s income (if eligible)

Don’t use ITR-2 if:

You earn business income or are a partner in a firm

Use ITR-3 if:

- You are an individual or HUF who runs a business or profession

- Your income comes from self-employment, consulting, or freelancing

- You maintain books of accounts and track business expenses

Form 16 Download Guide For Employees, Key Changes You Must Know For ITR Filing

When is the last date to file ITR-2 or ITR-3?

The due date to file returns using ITR-2 or ITR-3 is September 15, 2025.

So while you may not be able to file just yet, you still have plenty of time once the utilities are released.

What should you do now?

Check your income sources and confirm which ITR form applies to you. Keep all your documents ready—like salary slips, capital gains statements, and business expense records—so you can file quickly once the form is live.