Income Tax Department Releases Updated Excel-Based Utility for ITR-2 and ITR-3

By: Admin
Date: January 6, 2025
Categories: Important News | Income Tax News
Reading Time: 4 Min

The Income Tax Department has launched an updated version of the Excel-based utility for filing ITR-2 and ITR-3 forms, aimed at streamlining the tax filing process for taxpayers.

Details of the Updated Utilities:

ITR-2

Purpose: For individuals and HUFs (Hindu Undivided Families) not having income from profits and gains of business or profession.

Utility Details:

Version: 1.8

File Size: 7.78 MB

Release Date: January 4, 2025

Initial Release Date: April 1, 2024

ITR-3

Purpose: For individuals and HUFs having income from profits and gains of business or profession.

Utility Details:

Version: 1.8

File Size: 10.1 MB

Release Date: January 4, 2025

Initial Release Date: May 9, 2024

Features of the Updated Utility

The new versions of the utilities offer improved functionalities, ensuring a smoother experience for taxpayers. These tools are designed to simplify data entry and reduce the chances of errors while filing returns.

Taxpayers can download the updated Excel-based utilities from the Income Tax Department’s official website to file their returns accurately and efficiently.

This update highlights the department’s continuous efforts to enhance the ease of tax compliance through user-friendly tools and updated technologies.