Income Tax: Income Tax Department released Excel utilities for ITR-2 and ITR-3, know which form is for whom and how to use it..

If you have earned from capital gains in the financial year 2024-25, have crypto income or your income falls under any other special category, then this news is important for you. The Income Tax Department has made the Excel utility of ITR-2 and ITR-3 forms live from July 11, so that now more categories of taxpayers can easily fill their income tax returns (Income Tax Return Filing 2025) themselves.

Earlier, only the utility of ITR-1 and ITR-4 was available, which was for the income profile of some limited taxpayers. But now, ITR-2 and ITR-3 forms in Excel format are also available for download on the e-filing website of the Income Tax Department.

Where will you get this form, and how do you download it?

You can download the Excel utility of ITR-2 and ITR-3 by going to the Download section given on the e-Filing portal of the Income Tax website. On downloading, you will get a Windows ZIP file, after opening which you can access the Excel form.

Who is ITR-2 for? Who can use it?

ITR-2 is for those taxpayers who are not eligible for ITR-1 (Sahaj) and whose income includes salary, house property, capital gains, crypto income, or earnings from foreign assets.

If the income of another person (such as a spouse or minor child) also needs to be added to your income, then that is also included in ITR-2.

Also, this form can be used by those people who do not have any income from any business or profession, nor are they taking a salary, commission, or bonus from any partnership firm.

Who is ITR-3 for?

ITR-3 is for those taxpayers whose income comes from business or profession, like doctors, lawyers, freelancers, or people doing business. If you want to file a return with a profit and loss statement, then you have to fill out the ITR-3 form.

The last date for filing returns has also been extended.
The Income Tax Department had earlier fixed the last date for filing returns (ITR Filing Last Date 2025) as 31 July 2025, but now it has been extended to 15 September 2025. This extended deadline will give more time to taxpayers, especially those who were not able to file returns till now due to the newly updated forms and utilities. This is expected to make the process of filing returns smoother and accurate.

Relief for those with crypto income and capital gains

In the assessment year 2024-25, ITR-2 and ITR-3 will become necessary for taxpayers who have earned from the stock market, mutual funds, real estate, or cryptocurrency. With the introduction of the Excel utility, now these taxpayers can do their own filing, which has made the process easier.

Tax filing has become easier.
The government is now focusing on making tax filing (ITR filing 2025) easy, transparent, and timely. With the help of Excel utilities, taxpayers are now getting more options to file tax returns, and they will not have to completely depend on professionals.

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