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Apr 01, 2025
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Income Tax Return 2025: Tax department releases new Excel utility for ITR-2 filing, know what has changed
The Income Tax Return (ITR) filing season is here! From April 1, 2025, tax returns can be filed for the assessment year 2025-26 (financial year 2024-25). Like previous years, taxpayers will have both options – online and offline – to file their income tax returns.
New Excel-based utility for ITR-2 – What is special?
The Income Tax Department has recently released an upgraded version of the Excel-based utility for filing ITR-2. It is specially designed for individuals and Hindu Undivided Families (HUFs) who do not earn income from business or profession.
This new utility (version 1.11) was launched on 25 March 2025. It provides the facility to file revised returns under Section 139(8A), allowing taxpayers to rectify their returns if required.
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