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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 utilities, entities filing under ITR-5 (firms, LLPs, AOPs, BOIs, and others), ITR-6 (companies other than those claiming exemption under Section 11), and ITR-7 (trusts, political parties, research associations, and others) can now prepare, validate, and upload their updated returns with ease.
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