New Excel-Based Utility

The Income Tax Department has introduced an updated Excel-based utility for ITR-2, released on March 25, 2025, to simplify the filing process for individuals and Hindu Undivided Families (HUFs) without business or professional income.¹ *Key Dates for ITR-2 Filing:* - *Due Date*: July 31, 2025, for non-audit cases - *Belated Return*: December 31, 2025, with possible penalties and interest *Important Considerations:* - *Eligibility*: ITR-2 is for individuals and HUFs without business or professional income - *Revised Returns*: Taxpayers can file revised returns within a specified timeframe - *Penalties*: Late fees and interest may apply for delayed filings² *Additional Resources:* - Income Tax Department website for utility downloads and guidelines - Tax professionals for personalized advice and assistance

The dates stated are the original statutory due dates for AY 2025-26: 31 July 2025 for a non-audit individual/HUF required to file ITR-2, and 31 December 2025 for a belated return under section 139(4). Any CBDT extension would override the original due date, so confirm the applicable deadline before relying on it. Late filing can attract section 234F fee and interest, where applicable; a belated return may also restrict certain loss carry-forwards.

For ITR-2 eligibility, the key distinction is income from business or profession: taxpayers with such income generally use ITR-3, while ITR-2 is for eligible individuals and HUFs without it. The utility’s release date and current portal availability should be checked against the Department’s official utility listing.

ITR-2 preparation connects utility validation with reconciliations of income, tax credits and disclosures. Manual return work is difficult, and automation can reduce repetitive checks while professional judgment stays in control. At Jir AI we provide 2,000+ AI agents and 650+ integrations to streamline your practice’s day-to-day workload. Message us on WhatsApp to explore the workflow: https://wa.me/message/3HVOZ7HIY4ESC1