Did the Income Tax Dept Just Release Excel Utilities for ITR-2 and ITR-3 Forms?
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Synopsis
The Income Tax Department has released new excel utilities for ITR-2 and ITR-3, making it easier for taxpayers with various income streams, including capital gains and crypto income, to file their returns. This move enhances accessibility for a wider range of taxpayers. Learn how to utilize these tools effectively!
Key Takeaways
- ITR-2 and ITR-3 excel utilities are now available for taxpayers.
- Designed for those with capital gains and crypto income.
- Extended due date for filing ITR is September 15, 2025.
- ITR-2 can be filed by individuals or HUFs not eligible for ITR-1.
- Important for compliance and ensuring the accuracy of returns.
New Delhi, July 11 (NationPress) The Income Tax Department has unveiled new excel utilities for ITR-2 and ITR-3 forms, specifically designed for taxpayers with taxable capital gains, cryptocurrency income, and more to facilitate their return filings.
Previously, the department had only made available ITR-1 and ITR-4 forms (in both online and excel formats), which limited the filing options for specific income groups.
On X, the Income Tax Department announced, “Attention Taxpayers! Excel Utilities of ITR-2 and ITR-3 for AY 2025-26 are now live and available for filing.”
To download, navigate to the income tax department’s e-filing ITR portal and access the download section for ITR-2 and ITR-3 utilities. After downloading, a zip file will be available from which the excel file can be extracted,” it specified.
As per the income tax department's website, starting July 11, ITR-2 can be filed by individuals or HUFs not eligible for ITR-1 (Sahaj).
Additionally, those without income from business profits, whether in the form of salary, bonus, commission, or remuneration from a partnership firm, may also file ITR-2, according to the department.
Individuals who must include income from another person, such as a spouse or minor child, will find ITR-2 applicable if the income to be included falls within the aforementioned categories.
The Income Tax Department had previously announced an extension of the due date for filing income tax returns for FY 2024-25 (AY 2025-26) from July 31, 2025, to September 15, 2025.
The Central Board of Direct Taxes (CBDT) decided to extend this deadline “considering the significant changes introduced in the notified ITRs and the time needed for system adjustments and the rollout of ITR utilities for Assessment Year (AY) 2025-26.
This extension aims to alleviate concerns raised by stakeholders and provide sufficient time for compliance, ensuring the accuracy and integrity of the return filing process, as stated by the IT Department.
Point of View
It's crucial to recognize the significance of the Income Tax Department's recent release of ITR-2 and ITR-3 excel utilities. This development not only broadens the scope for taxpayers but also reflects the government's commitment to enhancing compliance and facilitating a smoother tax filing process, which is essential for maintaining financial integrity in our nation.
NationPress
09/09/2025
Frequently Asked Questions
What are ITR-2 and ITR-3 forms?
ITR-2 and ITR-3 are income tax return forms used by individuals with specific income types. ITR-2 is for those without business income, while ITR-3 is for individuals and Hindu Undivided Families (HUFs) who have income from a business or profession.
How can I download the new excel utilities?
You can download the new excel utilities for ITR-2 and ITR-3 from the income tax department’s e-filing ITR portal under the download section.
What is the due date for filing ITR for AY 2025-26?
The due date for filing income tax returns for FY 2024-25 (AY 2025-26) has been extended to September 15, 2025.
Who is eligible to file ITR-2?
Individuals or HUFs not eligible for ITR-1 and without income from business profits can file ITR-2. This includes those who need to club income from a spouse or minor child.
What changes prompted the extension of the filing deadline?
The extension was made due to significant changes introduced in the notified ITRs and the time required for system readiness and utility rollout.
