Income Tax Return 2025: I-T dept upgrades ITR-2 filing process. Check new changes

The new facility, which was launched on March 25, 2025, gives the option of filing revised returns under section 139 (8A).

The new financial year has begun and with that the tax filing season has also commenced. Taxpayers can start their filing process for the assessment year 2025-26 (FY2024-25) and, like previous years, through both offline and online mode.

Ahead of the filing season, the Income Tax department has introduced an updated version of excel-based utility for the filing of ITR-2, which has been designed for individuals and Hindu Undivided Families (HUF) who don’t have any income from business or their profession.

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The new facility, which was launched on March 25, 2025, gives the option of filing revised returns under section 139 (8A). The new system allows taxpayers to change their returns if they wish, making it easier for salaried tax filers, pensioners and non-business tax payers.

Who is eligible for ITR-2?

Individuals with an annual income of Rs 50 lakh and who earn from various sources such as rental income and capital gains are required to file ITR-2. Moreover, if you need to file ITR-2 if you are a director of a company and have equity shares of an unlisted firm.