Quick Summary
The Income Tax Department has announced the release of Excel utilities for filing updated returns in ITR-5, ITR-6, and ITR-7 for the Assessment Years 2021-22 and 2022-23, in line with the provisions of the Finance Act, 2025. These utilities are now available on the official income tax e-filing portal. The updated return (ITR-U) mechanism was introduced to allow taxpayers to voluntarily correct or disclose omitted income within a specified time frame. With the release of these Excel-based util
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FAQ :
The Income Tax Department has released Excel utilities for filing updated returns in ITR-5, ITR-6, and ITR-7.
These utilities cover the Assessment Years 2021-22 and 2022-23.
The Excel utilities are available on the official income tax e-filing portal.
The updated return (ITR-U) mechanism allows taxpayers to voluntarily correct or disclose omitted income within a specified time frame.
ITR-5 utilities are for firms, LLPs, AOPs, BOIs, and others. ITR-6 utilities are for companies (excluding those claiming exemption under Section 11). ITR-7 utilities are for trusts, political parties, research associations, and others.
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