ITR-2 & ITR-3 Excel Utilities Released: Simplify Your 2025 Tax Filing

Filing your income tax returns just got easier! The Income Tax Department has released new Excel utilities for ITR-2 and ITR-3, designed to streamline the process for taxpayers with capital gains and crypto income for the Assessment Year 2025-26 (Financial Year 2024-25). The deadline to file is September 15, 2025.

Key Changes and Updates

This year’s utilities come with several important updates to simplify your tax filing experience:

Revised Capital Gains Schedules

Navigating capital gains can be complex. The revised schedules in the Excel utilities aim to simplify reporting your capital gains from various assets, making the process more straightforward.

Updated Asset and Liability Disclosure Thresholds

For taxpayers with an annual income exceeding ₹1 crore, the asset and liability disclosure thresholds have been updated. Be sure to familiarize yourself with these changes to ensure accurate reporting.

Mandatory TDS Section Code Reporting

Accurate reporting of Tax Deducted at Source (TDS) is crucial. The new utilities require mandatory reporting of the TDS section code, ensuring greater transparency and accuracy in your tax filings.