ITR: Update on ITR, ITR-2 and ITR-3 forms activated, know which form is for whom..

ITR Filing 2025: If you have earned capital gains, crypto income or your income falls under any other special category in the last financial year 2024-25, then this news is important for you. The Income Tax Department on Friday (July 11) released Excel utilities for ITR-2 and ITR-3 forms. Now, taxpayers using ITR Form-2 and Form-3 can file returns through the e-filing portal.

The Income Tax Department has informed about the live Excel utilities of Form-2 and Form-3 on the social media platform X. The department had earlier released only ITR-1 and ITR-4 forms (both online and Excel utility), which helped only a limited number of taxpayers to file their ITR with specified income classification.

The department wrote on the social media platform X, "Attention taxpayers! Excel utilities of ITR-2 and ITR-3 for Assessment Year 2025-26 are now live and available for filing. In the download section of the e-filing ITR portal of the Income Tax Department, you can download the ITR-2 and ITR-3 utilities. After downloading, you will get a Windows zip file from which the Excel file can be obtained." What type of taxpayers is ITR 2 for? According to the Income Tax Department website, from July 11, ITR-2 can be filed by individuals or HUFs who are not eligible to file ITR-1 (Sahaj). Apart from this, according to the department, people who do not have profit and loss income from business or profession, as well as do not have profit and loss income from business or profession in the form of interest, salary, bonus, commission, or remuneration from a partnership firm can also file ITR-2. People whose income includes the income of other people, like husband/wife, minor children, etc., also come under ITR-2.

What type of taxpayers is ITR 3 for?
ITR Form 3 is for those individuals and Hindu Undivided Family (HUF) who have a profit or loss from business or profession. In this form, information can be given about income from house property, salary/pension income, capital gains and income from other sources. If income is from a partnership firm, then this form can be used.

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