Excel Utility for Updated ITR-1, ITR-2: Now Live for AY 2021–22 & 2022–23
The Excel utility for updated ITR-1 and ITR-2 is now available for Assessment Years 2021–22 and 2022–23. This enables taxpayers to file ITR-U (Updated Return) under Section 139(8A) using a simplified offline process.
If you missed filing or need to correct income details for these years, now’s the time to act — especially before the 24-month update window closes.
What Is ITR-U and Why Does It Matter?
ITR-U allows taxpayers to file or revise their return for a past year (up to 24 months later), even if no original return was filed.
- Introduced by Finance Act, 2022
- Filed under Section 139(8A)
- Applicable from AY 2020–21 onwards
- Only one ITR-U can be filed per AY
- You must pay additional tax (25% or 50%) on the tax due
This provision is a lifeline for those who:
- Missed the original due date
- Underreported income
- Wrongly claimed deductions
- Received notices under Section 148 or 142(1)
AYs Covered in This Excel Utility
| Form | Assessment Year | Filing Mode |
|---|---|---|
| ITR-1 | 2021–22 | Excel Utility |
| ITR-2 | 2021–22 | Excel Utility |
| ITR-1 | 2022–23 | Excel Utility |
| ITR-2 | 2022–23 | Excel Utility |
🔗 Download from www.incometax.gov.in
Key Benefits of Excel Utility
- Offline Filing: No internet dependency during form entry
- Easy Editing: Error validation before upload
- Secure Upload: JSON file generated for direct portal upload
- Smart Compatibility: Works with Microsoft Excel 2010+
Expert View: Many taxpayers overlook old missed incomes or small capital gains. Filing ITR-U now using Excel utility avoids scrutiny later and gives peace of mind.
Step-by-Step: How to Use the Excel Utility
- Download the correct Excel utility from the income tax portal
- Enable Macros in Excel
- Fill your details as per Form ITR-1 or ITR-2
- Select “Updated Return (ITR-U)” under reason for filing
- Validate and generate JSON file
- Log in to incometax.gov.in
- Upload the JSON under “e-File > Income Tax Returns > File Income Tax Return”
- E-verify the return using Aadhaar OTP, net banking, or other options
Legal Reference
- Section 139(8A) of the Income-tax Act, 1961
- CBDT Notification No. 01/2022, dated 29.04.2022
- Updated Return FAQs – CBDT
When You Cannot File ITR-U
You cannot use ITR-U if:
- A search, requisition, or survey was conducted in your case
- Assessment or reassessment proceedings are completed
- Updated return reduces tax liability or increases refund
- Updated return is already filed once for that AY
Penalty Alert: You’ll need to pay 25% or 50% additional tax depending on when you file — so delay costs money.
FAQs on Updated ITR Excel Utility
Q1. Is ITR-U filing allowed in Excel for all years?
No. Currently, Excel utilities are only released for AY 2021–22 and 2022–23.
Q2. Can salaried individuals with foreign income use this utility?
Yes, but only if their income falls within ITR-1 or ITR-2 eligibility.
Q3. Is digital signature mandatory?
No, you can e-verify using Aadhaar OTP or net banking.
Why This Matters
Filing your updated return with Excel utility is now easier, even if you missed earlier deadlines. Don’t wait for notices — take the proactive route.
If you’re unsure how to file, or want to avoid errors, let Efiletax handle your ITR-U filing from start to finish.
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Summary
Excel utility for updated ITR-1 and ITR-2 is now available for AY 2021–22 and 2022–23. Taxpayers can file ITR-U offline under Section 139(8A) using this tool.