ITR FILING FOR AY 2025-26: ALL YOU NEED TO KNOW
ITR filing is a serious financial obligation for all taxpayers in India. It is the process of sharing your income information with the Income Tax Department for a particular assessment year. For this fiscal year, ITR filing for AY 2025-26 (Assessment Year 2025-26) is now operational, and taxpayers are suggested to file early in order to avoid late charges and last-minute hassle.
WHAT IS THE FULL FORM OF ITR?
The full form of ITR is Income Tax Return. It is a return filing that taxpayers submit to report their income, deductions, exemptions, and tax paid for a particular financial year. ITR filing assists the government in determining if the right amount of tax has been paid and whether the taxpayer is due for a refund or owes any further tax.
ITR FILING FOR AY 2025-26
ITR for AY 2025-26 is the return submitted for income received in the Financial Year 2024-25. Various ITR forms are provided to salaried persons, business individuals, professionals, and companies. The right form should be selected for proper filing.
HOW TO ACCESS THE ITR LOGIN
To start the ITR filing process, you need to access the ITR login facility on the official website of the Income Tax Department – www.incometax.gov.in. Follow these steps:
-Visit the Income Tax e-filing portal.
-Click on ‘Login’ in the top right corner.
-Enter your PAN (Permanent Account Number), password, and captcha.
-After logging in, you can initiate the ITR filing, view your earlier filings, download ITR forms, or view refunds.
-If you are a fresh user, you can click on “Register” and register yourself.
ITR FILING DATE AND LAST DATE
The ITR filing date of AY 2025-26 commenced from April 1, 2025. Taxpayers are requested to file their returns as early as possible to prevent mistakes and delays.
Last date for ITR filing without penalty is July 31, 2025, for general individual taxpayers. But if you fail to meet the deadline, you can still submit a belated return by December 31, 2025, but with interest and penalty.
ITR Download: How to Download Filed Returns
Once you have successfully done your ITR filing, you can then continue with the ITR download for your reference. Here’s how:
LOG IN TO YOUR E-FILING ACCOUNT.
-Navigate to the ‘e-Filed Returns/Forms’ page.
-Click on the concerned assessment year (AY 2025-26).
-Save your ITR-V (acknowledgment) or complete ITR form in PDF format.
-ITR download is useful for paperwork, loan applications, and visa applications.
ADVANTAGES OF TIMELY FILING OF ITR
– Avoid interest and penalty under Sections 234F and 234A.
-Avail income tax refund in case of over-payment of tax.
-Utilize as proof of income for loan or credit card applications.
– Carry forward capital losses to set off future gains.
Conclusion
Timely and correct ITR submission for AY 2025-26 is necessary for any responsible taxpayer. With the knowledge of ITR full form, correct ITR login, and ready information on the ITR submission date and ITR submission last date, you will remain compliant and not face legal complications. Don’t even forget to download your ITR for future use. File your return in advance and remain stress-free!
