Income Tax Department Releases Updated ITR-3 Utility Excel-Based Tool

The Income Tax Department released an updated utility for ITR-3, designed for individuals and professionals earning income from a business or profession. The new version is Excel-based and aims to simplify the filing process, allowing users to report their financial data more accurately. It incorporates new features, including enhanced functionality for data validation and error detection, ensuring smoother submissions. The utility reflects the department's continued focus on modernizing tax filing tools to promote efficiency and reduce manual errors.