Income Tax Dept Releases Updated ITR-2 Utility Excel for Individuals and HUFs Without Business or Professional Income

The Income Tax Department has released an updated ITR-2 utility in Excel format for individuals and Hindu Undivided Families (HUFs) without business or professional income. This update aims to simplify the filing process for taxpayers who do not have income from business or profession. The Excel utility provides a user-friendly interface for preparing and filing ITR-2, ensuring compliance with the latest tax regulations. This tool assists taxpayers in accurately reporting their income and claiming applicable deductions. The release reflects the department's ongoing efforts to enhance the ease of tax compliance and provide convenient filing options.