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Taxpayers required to file ITR-2 or ITR-3 can now download the Excel utilities from the I-T department’s e-filing portal, fill in their details offline, generate a JSON file — a digital data file that stores your tax details in a format the e-filing system can read — and upload it back to the portal for filing.
The Income Tax Department has released ITR-2 and ITR-3 Excel utilities for FY 2024-25, enabling taxpayers with capital gains and business income to file returns before the September deadline.
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Newspoint on MSNIncome Tax Return: Excel utility released for ITR-2 and ITR-3, can be downloaded from hereThe Income Tax Department on Friday released Excel utilities for ITR-2 and ITR-3 forms, which can be used by taxpayers to file ITR on income received from Taxable Capital Gains, crypto income, and others.
Understand ITR filing requirements for salaried individuals, including applicability, forms, deductions, tax regimes, and a step-by-step guide for AY
Tax professionals say such errors are common due to changes in form applicability and taxpayer profiles. However, the filing can be corrected if appropriate steps are taken in a timely manner.
Federal tax returns collect information about personal or businesses income, and help filers determine how much they may owe or receive as a refund.
As ITR filing for AY 2025-26 picks up pace, reports suggest the government may delay issuing tax refunds until past assessments are cleared under Section 245. Experts warn this move could hurt honest and salaried taxpayers who rely on timely refunds for financial planning and liquidity.