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    Excel Utilities for ITR-5, ITR-6, ITR-7 Updated Returns Now Live, Check Who Can Use Them

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    By Business Desk,News18

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    Excel Utilities for ITR-5, ITR-6, ITR-7 Updated Returns Now Live, Check Who Can Use Them

    Ahead of the September 15 deadline to file the mandatory income tax return, the Income Tax Department has also announced that Excel Utilities for updated returns in ITR-5, ITR-6 and ITR-7 forms for the AYs 2021-22 and 2022-23 are now available for filing.
    These forms have been made available on the Income Tax Department’s website since September 6. While ITR Form 5 mainly concerns firms, LLPs, Associations of Persons, business trusts and investment funds, ITR Form 6 is used by business companies and ITR Form 7 by specified bodies. “Excel Utilities for filing updated returns in ITR-5, 6 and ITR-7 for the AYs 2021-22 and 2022-23 as per Finance Act, 2025 are available now for filing,” read an update on the official website of the income tax body.
    Who Can File ITR Form 5?
    A taxpayer that is neither an individual, HUF, nor a company can file their ITR using Form 5, which is used by firms, LLPs, Association of Persons, business trusts and investment fund bodies.
    Who Can File ITR Form 6?
    ITR Form 6 is used by business entities registered as companies to file their income tax returns and disclose their tax liabilities to the government of India. This excludes companies claiming exemption under section 11, as their income is meant for charity and religious purposes.
    Who Can File ITR Form 7?
    ITR Form 7 is specially reserved for companies and other persons who earn income from properties used for charitable or religious activities. Political parties, research organisations, news agencies and other bodies specifically marked in the Income Tax Act also file their ITR using Form 7.
    An updated return is a tax return type where taxpayers are given more time to file their respective income tax returns. By making available Excel Utilities for updated returns in ITR-5, ITR-6 and ITR-7 forms, the government has encouraged voluntary tax compliance across taxpaying bodies that fit the respective categories. Such taxpayers can now file for an updated return after 48 months from the end of the relevant assessment year. In the existing financial year 2025-26, one can file for an updated return for AY 2024-25, 2023-24, 2022-23, 2021-22.

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