Finally, after a long time, the department has now released the Excel utilities for ITR-2 and ITR-3 for Assessment Year 2025-26.
Nidhi | Jul 11, 2025 |
ITR-2 and ITR-3 Excel Utilities Released for AY 2025-26: Know What is New
As the income tax return (ITR) filing season for the financial year 2024-25 is already here, many people have been waiting for all the ITR forms to be available. The Income Tax Department had already released the ITR forms like ITR-1 and ITR-4. However, those taxpayers having income from business or profession, capital gains income, etc., were still waiting for the release of Excel Utilities for ITR-2 and ITR-3. These taxpayers include professionals, freelancers, partners in firms, and individuals.
Finally, after a long time, the wait is over. The department has now released the Excel utilities for ITR-2 and ITR-3 for Assessment Year 2025-26. This has provided relief to the taxpayers having capital gains, business income, income from multiple properties, etc., who were unable to file their returns.
ITR is required to be filed by individuals and Hindu Undivided Families (HUFs) if they have income from sources (other than business or professional income) such as:
Individuals and Hindu Undivided Families (HUFs) are required to file ITR-3 if they have income from the following sources:
The updated Excel tools now include better validation features and new reporting rules based on the latest Budget changes. These new additions focus on enhancing transparency and making the tax calculation easier. These forms also include clearer sections for reporting the following things:
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