Quick Summary
The Income Tax Department has released the latest versions of Excel-based utilities and schemas for various Income Tax Returns (ITR) and audit report forms. These updates, aimed at ensuring seamless compliance and improved filing experience, cover ITR 1, ITR 2, ITR 3, Form 10B, Form 29B, and Form 29
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FAQ :
The Income Tax Department has updated the latest versions of Excel-based utilities and schemas for various Income Tax Returns (ITRs) and audit report forms.
The updated ITR forms include ITR 1 (Sahaj), ITR 2, and ITR 3.
The updated audit report forms are Form 10B, Form 29B, and Form 29C.
Form 10B is an audit report under section 10(23C) and section 12A(1)(b)(ii) for trusts, institutions, universities, or hospitals, applicable from A.Y. 2023-24 onwards.
Downloading the latest versions ensures alignment with current Income Tax provisions, facilitates smooth e-filing, helps avoid errors, and allows taxpayers to benefit from the latest features.
The latest utility version for ITR 1 is 1.5, which includes filing under section 139(8A).
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