ITR Utilities for AY 2024-25

Introduction

We know everyone is busy in finalization of their books of accounts. As we all are aware the due dates of filling returns are approaching very soon.

As we all know Every year individuals, Hindu Undivided Family, Companies, Firms, Sole Proprietors, or any other who earn taxable income are required to file Income Tax Return as a proof to state that they have paid all the due income tax. There are various ways for filing of income tax return with the income tax department, stated as under:

• One can file Income tax Return online, Or
• One can file income tax returns through an offline channel.

Let's talk about the utilities provided by Income tax department to simplify the return filling process.

What is income tax utilities?

ITR Utility Software introduces by the Income Tax Department, which helps a taxpayer to file ITR easily.

Every year, the Income Tax Department releases an updated version of the ITR Utility software for online filing of Income Tax Return. Previously, ITR Utility works in the form of an excel file. The assesse needs to fill all details of the income that results in the generation of the XML file. Then this file had to upload online for filing Income Tax returns.

But now income tax department has introduced new Java based ITR utilities file which works easier than the previous excel based version, as it takes out a lot of details of the assessee automatically. This java-based version of ITR utility software has made filing income tax return easier.

Offline Filling utilities

Any taxpayer choosing offline mode (rather than online mode) to file Income Tax Returns needs to use the Offline Utility for ITRs. With the utilities, you can file Income Tax Returns (ITRs) by uploading the utility-generated JSON.

You can check out the Utilities from below links.

Common Offline Utility (ITR 1 to ITR 4) - Click to access.

Common Offline Utility for filing Income-tax Returns ITR 1, ITR 2 and ITR 4 for the AY 2024-25.

You can also check user manual for detailed summary in order to use theses utilities by below mentioned link.

User Manual

Excel based utility for filing ITR AY 24.25

ITR 1

For individuals being a resident (other than not ordinarily resident) having total income upto Rs.50 lakh, having Income from Salaries, one house property, other sources (Interest etc.), and agricultural income upto Rs.5 thousand.

Utility Excel Based (Date of release of first version of utility: 01-Apr-2024).

ITR 2

For Individuals and HUFs not having income from profits and gains of business or profession.

Utility Excel Based (Date of release of first version of utility: 01-Apr-2024).

ITR 4

For Individuals, HUFs and Firms (other than LLP) being a resident having total income upto Rs.50 lakh and having income from business and profession which is computed under sections 44AD, 44ADA or 44AE and agricultural income upto Rs.5 thousand.

Utility Excel Based (Date of release of first version of utility: 01-Apr-2024).

ITR 6

For Companies other than companies claiming exemption under section 11

Utility (Date of release of first version of utility: 01-Apr-2024)

How to use Excel utilities

Excel Utilities of ITR-1, ITR-2 and ITR-4 for AY 2024-25 are made available for ITR filling & an Assessee has to fill the form offline, save it, generate an XML file and then upload it. The other way is to enter the relevant data directly in an online form and submit