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News INCOME TAX

  • Jul 15, 2025
  • Six changes in ITR-2 Excel Utility that all taxpayers should know before ITR filing for AY 2025-26

    The income tax department has released the Excel based utilities of most of the income tax return (ITR) forms like ITR-1, ITR-2, ITR-3, and others. However, this year (AY 2025-26), there are six significant changes in the reporting requirements for ITR-2. This form is applicable to those taxpayers who earn a salary or have non-business or professional income, as well as those with crypto, capital gains, and other types of income.


    Keep reading to learn more about the six changes in the reporting process for the ITR-2 form.

    What are the changes in the reporting process for ITR-2?
    The Excel-based income tax return (ITR) utilities for ITR-2 and ITR-3 were released on July 11, 2025. Here, we have listed the changes in the reporting process for ITR-2 Excel utility. The online utility (e-filing ITR portal) is yet to be notified.