Latest News from the Income Tax Department – October 2025 Updates for Taxpayers
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Read the latest Income Tax Department updates for AY 2025–26 including ITR-1 & ITR-4 Excel Utilities release, return filing due date extension, and Form 10AB condonation request details. Visit the official portal for more info.
Overview
The Income Tax Department of India 
has announced several important updates for taxpayers for the Assessment Year 2025–26.
These updates make it easier for individuals, small businesses, and charitable organizations to stay compliant and file returns efficiently.
You can always check the latest circulars and notifications on the official Income Tax e-Filing website:
https://www.incometax.gov.in/iec/foportal/
ITR-1 & ITR-4 Excel Utilities Released for AY 2025–26
Date: 20 September 2025
The Income Tax Department has officially released the Excel Utilities for ITR-1 (Sahaj) and ITR-4 (Sugam) for the Assessment Year 2025–26 
Who Can Use These Forms:
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ITR-1 (Sahaj): Salaried individuals, pensioners, or those having income from one house property.
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ITR-4 (Sugam): Individuals or firms opting for presumptive taxation under Sections 44AD, 44ADA, or 44AE.
Key Benefits:
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Offline preparation & validation
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Auto-calculation of tax & deductions
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Import pre-filled data from the portal
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One-click upload once validated
Download from Official Portal:
Download ITR-1 & ITR-4 Excel Utilities Here
Tip: Use the latest version of the utility to avoid validation or upload errors.
CBDT Extends Due Date for Filing ITR (AY 2025–26)
Date: 20 September 2025
Big relief for taxpayers!
The Central Board of Direct Taxes (CBDT) has issued Circular No. 06/2025, extending the due date for furnishing the Return of Income under Section 139(1) for AY 2025–26.
This means taxpayers now get extra time to file their returns without penalty. The extension benefits salaried employees, small businesses, and professionals who couldn’t complete filings on time.
Why This Matters:
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Avoids penalties under Section 234F
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Reduces interest under Sections 234A and 234B
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Ensures proper time for audit and verification
Official Notification:
View Circular on Income Tax Portal
Pro Tip: Even with the extension, don’t wait till the last date — file early for faster refund processing.
Form 10AB Condonation Request Now Available
Date: 5 September 2025
The Income Tax Department has now enabled Form 10AB condonation request for trusts and institutions registered under Section 12A / 12AB 
This feature helps organizations that missed their registration or renewal deadlines. Now they can easily file for condonation of delay through the official e-filing portal.
Use of Form 10AB:
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Register or revalidate charitable/religious institutions
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Modify or renew 12A/12AB registration
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Submit delay condonation applications
Read More or Apply Online:
Form 10AB Condonation – Official Page
Note: Ensure all supporting documents — trust deed, activity reports, and audited financials — are uploaded while submitting the request.
Why These Updates Are Important
Keeping up with the latest Income Tax notifications ensures you stay compliant and avoid unwanted penalties 
Here’s how each update helps you:
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Taxpayers: Can start early return filing using the updated ITR Excel Utilities.
-
Businesses & Professionals: Get more time to finalize accounts due to the due date extension. -
Trusts & NGOs: Can regularize their 12A/12AB registrations easily with the new Form 10AB feature.
Stay Updated Always:
Visit the official portal https://www.incometax.gov.in/iec/foportal/ regularly to check for new circulars, utilities, and online services.
Summary
ITR-1 & ITR-4 Excel Utilities are now available for download. CBDT has extended the ITR filing due date under Section 139(1). Form 10AB condonation request is now live for Section 12A organizations.
These updates show the department’s commitment to making compliance simpler and more transparent 
Official Source: https://www.incometax.gov.in/iec/foportal/
