ITR Filing AY 2025-26: Income Tax Dept Notifies Excel Utilities for Filing Updated Returns in ITR-1 to ITR-7

The Income Tax Department has finally released the Excel utilities for filing updated Income Tax Returns (ITR-U) under Section 139(8A) across ITR-1 to ITR-7 for Assessment Year 2025-26 (FY 2024-25). Updated return allows taxpayers to correct omissions or any errors in their original tax filings. Taxpayers can access and download the utilities directly from the Income Tax Department’s e-filing portal.

What is an Updated Return?

ITR-U or Updated ITR, filed under Section 139(8A) of the Income Tax Act, 1961, allows the taxpayers to rectify errors or omissions or incorrect reporting of their income in the original tax return. ITR-U can be filed within four years from the end of the relevant assessment year. For AY 2025-26, the due date for filing an updated return would be March 31, 2030. The main objective of this facility is to ensure the correct reporting of income. Taxpayers cannot use ITR-U to claim a refund or increase or decrease their overall tax liability.

Taxpayers must note that filing an updated return attracts additional tax liability.

The Excel utilities for filing the Updated Return in ITR-1 to ITR-7 for Assessment Year (AY) 2025-26 are now available for download on the official Income Tax Department website.

• ITR-1 is meant for resident individuals with a total income of up to Rs 50 lakh.
• ITR-2 is for individuals and HUFs who have income from capital gains.
• ITR-3 is for individuals and HUFs who have income from “profits and gains of business or profession”.
• ITR-4 must be filed by taxpayers who have opted for the presumptive taxation scheme.
• ITR-5 is for Limited Liability Partnerships (LLPs), Associations of Persons (AOPs), Body of Individuals (BOIs), artificial juridical persons, cooperative societies, and local authorities.
• ITR-6 is for companies that do not claim exemption under Section 11 of the Income Tax Act, 1961.
• ITR-7 is required to be filed by charitable and religious trusts, political parties, and educational or research institutions.