Is ITR-2 Available Now?
No, ITR-2 is not yet available for filing on the Income Tax portal as of the latest update. Taxpayers who need to file ITR-2 are advised to prepare their documents and monitor the official portal for updates. The government has acknowledged the delay and extended the filing deadline to September 15, 2025, for non-audit cases
ITR-2 and ITR-3 Release Date
The expected release date for both ITR-2 and ITR-3 forms is anticipated soon, but no official date has been announced. The forms are delayed due to major revisions and system upgrades. The government has extended the ITR filing deadline from July 31, 2025, to September 15, 2025, to accommodate these changes and ensure a smoother filing experience
When Will ITR-2 and ITR-3 Be Available?
As of July 8, 2025, the ITR-2 and ITR-3 forms for Assessment Year (AY) 2025-26 are not yet available on the Income Tax e-filing portal.
The delay is due to significant changes in the forms, especially regarding capital gains reporting, TDS codes, and enhanced disclosure requirements.
The Income Tax Department is updating its systems to accommodate these changes, which has led to the delay in releasing the filing utilities for these forms.
ITR-2 Is for Whom? (Eligibility)
ITR-2 is meant for individuals and Hindu Undivided Families (HUFs) who:
- Do not have income from profits and gains of business or profession.
- Have income from salary/pension, more than one house property, capital gains, foreign assets/income, agricultural income exceeding ₹5,000, or are directors in a company.
- Are not eligible to file ITR-1 (Sahaj).
- Have income of another person (spouse, minor child, etc.) to be clubbed with their income, provided such income falls under the above categories
Who cannot file ITR-2?
- Individuals or HUFs with income from business or profession.
- Those eligible to file ITR-1.
What's New in ITR-3 for AY 2025-26
Enhanced Business Reporting:
- Detailed profit and loss disclosures
- Separate reporting for different business segments
- Improved validation for professional income
Simplified Asset-Liability Section:
Only taxpayers with total income exceeding ₹1 crore need to complete the detailed asset-liability schedule, down from the previous ₹50 lakh threshold.
Why the Unprecedented Delay?
The delay in ITR-2 and ITR-3 utilities stems from multiple complex factors:
Technical Challenges
1. Capital Gains Regime Overhaul
The Budget 2024 introduced comprehensive changes to capital gains taxation, requiring extensive backend modifications to accommodate:
- New tax rates
- Revised indexation rules
- Changed holding periods
- Separate reporting requirements
2. Backend System Upgrades
The Income Tax Department is implementing sophisticated validation systems to:
- Cross-verify data with multiple databases
- Integrate Annual Information Statements (AIS)
- Enhance error detection capabilities
- Improve data security protocols
3. Complex Validation Requirements
The new forms require intricate validation logic for:
- Inter-schedule data consistency
- Tax computation accuracy
- Compliance with revised rules
- Cross-referencing with external databases
Disclaimer:
The information provided regarding the availability of ITR-2 and ITR-3 forms, filing deadlines, and updates is based on the latest available updates from the Income Tax Department. The filing deadlines and release dates are subject to change, and taxpayers are advised to monitor the official Income Tax e-filing portal for the most accurate and up-to-date information. The details shared here are for informational purposes only and should not be considered as official guidance. Please consult a tax professional or visit the official portal for any specific queries or assistance.
