When will ITR filing 2025-2026 will be enabled in Quicko?

Income Tax
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When will ITR filing 2025-2026 will be enabled in Quicko?

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Which ITR Form to Choose for FY 2024-25 (AY 2025-26) If You Have Salary Income, Short-Term Capital Loss, and Long-Term Capital Gains?

If you have:

  • Salary Income
  • Short-Term Capital Losses (STCL) of â‚ą8,000
  • Long-Term Capital Gains (LTCG) of â‚ą1.2 Lakhs

You should file ITR-2 for the Financial Year 2024–25 (Assessment Year 2025–26).

Why ITR-2 Is the Right Choice?

ITR-2 is suitable if you:

  • Have income from salary or pension
  • Have income from capital gains or losses (both long-term and short-term)
  • Do not have income from business or profession
  • Have income from more than one house property
  • Are reporting losses to be carried forward (like your STCL of â‚ą8,000)

Key Points About Capital Gains in ITR-2

  • LTCG above â‚ą1 lakh is taxable under Section 112A.
  • STCL can be adjusted against capital gains and carried forward for 8 years.
  • Both LTCG and STCL need to be reported under the Schedule CG in ITR-2.

When You Should Not Use ITR-1

Avoid ITR-1 (Sahaj) because:

  • It does not support capital gains or losses.
  • It is meant only for simple income sources (salary, one house property, etc.).

What to Keep Handy While Filing?

  • Form 16 from your employer
  • Capital gains statement from your broker (like CAMS or KFintech)
  • Form 26AS and AIS/TIS for income details and TDS
  • PAN, Aadhaar, and bank details
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I totally get where you’re coming from – filing ITR can feel like waiting for your favorite series to drop just the right season. Based on past years, Quicko usually enables the ITR filing module for the new financial year somewhere in late May or early June. So for the 2025–2026 assessment year (AY 2026–27), I’d expect the platform to go live around the same timeline, perhaps in early June 2025. But keep an eye out in your Quicko dashboard, email alerts, or push notifications – they typically give you a heads-up a week or so before opening the portal. If you’re like me, you’ll appreciate the gentle nudge that encourages us to gather all documents before jumping in!

Funny story: Last year, I was lounging on my hammock, sipping iced tea, waiting for Quicko to open up. My six-year-old niece came running, squealing, “You doing taxes again, uncle?” She thought I was playing some money-filing game, which, in her eyes, was as thrilling as Minecraft. I told her, “Yeah, kiddo, taxes are like building a house in your dad’s favourite game: you collect bricks (documents), lay a foundation (income details), and build floors (deductions).” By the time Quicko went live, she had assembled a stack of toy blocks and insisted she was filing her own “toy tax.” We both ended up sitting there together, me clicking through Form 16, her clicking toy bricks, both of us full-on filing away. Moral of the story? Preparation makes things fun, even tax filing!

So all in all, expect Quicko to kick off FY 2025–26 ITR e‑filing in early June. Meanwhile, gather your Form 16, bank statements, investment proofs, and rent receipts to get a fly start if anything shifts (like government updates or extended deadlines), Quicko’s support team and email alerts will be your best friends. Good luck – may your return be error-free and your refund speedier than that Minecraft mansion!

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Typically, Quicko enables ITR filing shortly after the Income Tax Department releases its utilities:

  • ITR1 and ITR4: Usually go live on Quicko in mid-to-late June 2025
  • By early July 2025, ITR2 and ITR3 should be enabled.

Once the government utilities are released, you should be able to file ITR1/4 around mid-June, and ITR2/3 in the first week of July.

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