Income Tax Return 2025: I-T department upgrades ITR-2 filing process, know new changes

The new financial year has begun, and with it, the tax filing season has also arrived. Now, taxpayers can file their Income Tax Return (ITR) for Assessment Year 2025-26 (FY 2024-25), like every year, this time also, this process is available in both online and offline modes.

What has changed in the ITR-2 filing process?

The Income Tax Department has launched a new Excel-based utility version of ITR-2 to make filing easier. This form is designed for individuals and Hindu Undivided Families (HUFs) who do not have any business or professional income.

The new update was released on March 25, 2025, and under this, the option of filing a revised return under section 139 (8A) has been given. That is, if the taxpayer realizes any mistake or wants to make any changes in their return, then now they can easily modify it. This change is especially beneficial for salaried employees, pensioners and non-business taxpayers.

Who can file ITR-2?

ITR-2 is for individuals whose annual income is more than Rs 50 lakh and who receive income from renting property, capital gains or from other sources. Apart from this, if you are a director of a company or an equity shareholder of an unlisted firm, then you have to fill ITR-2.

ITR-1 (Sahaj) vs ITR-2 – Which form is right for you?

If you are a salaried person and do not have any business or professional income, then it is important to choose the right ITR form. Usually, ITR-1 (Sahaj) and ITR-2 are the main options.

You can fill ITR-1 (Sahaj) if:

• Your annual income is less than Rs 50 lakh.
• Your income is only from salary, rent of one house, interest, dividend or pension.

It is necessary to fill ITR-2 if:

• Your annual income is more than Rs 50 lakh.
• You have capital gain (income from stock market, sale of property).
• You have more than one house.
• You are a director of a company or an unlisted shareholder.
• You have any foreign property.

To make ITR filing easier, the Income Tax Department has made new changes in ITR-2, so that taxpayers can revise their returns and the filing process has become simpler than before. If your income is more than 50 lakhs or you earn from capital gains, then ITR-2 will be the right option for you. File your returns on time by choosing the correct form and avoid any mistakes.