ITR Utility Update Delay: AY 2025-26 Sees Major Delay Compared to Last 2 Years

The Income Tax Department has faced criticism for a notable delay in releasing the Income Tax Return (ITR) utility for Assessment Year (AY) 2025-26, compared to previous years. This delay has caused significant inconvenience and uncertainty for taxpayers, tax professionals, and software developers who rely on these utilities to file income tax returns accurately and on time. The late release can impact tax planning, compliance timelines, and the overall efficiency of the tax filing process, creating challenges for individuals and businesses aiming to meet their statutory obligations.