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