Income Tax Department Releases Updated Utilities & Schema for ITR-7 Filing

The Income Tax Department has launched the latest version of utilities and schema for filing ITR-7, catering to entities required to file returns under sections 139(4A), 139(4B), 139(4C), and 139(4D).

Key Details:

ITR 7 Utility:

Windows Version: v1.1.3 (100 MB), released on October 25, 2024

MAC Version: v1.1.3 (117 MB), released on October 25, 2024

Excel-Based Version: v1.3 (5.10 MB), released on October 25, 2024

ITR 7 Schema:

Initial Release of JSON Schema: June 21, 2024

Schema Change Document: (125 MB)

Validation File: Released on October 25, 2024 (537 KB)

This update ensures smooth processing and compliance for ITR-7 filers under the specified sections.

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