Online Filing and Excel Utility of ITR-2 Enabled for A.Y. 2026-27
Filing Income Tax Returns is now easier for people who pay taxes. The Income Tax Department has made it possible to file ITR-2 online and use the Excel Utility for the year 2026-27. This is good news for individuals and families who do not get money from businesses. At Global Taxman India we always tell people who pay taxes about the updates and rules.
What is ITR-2?
ITR-2 is a form that people use to tell the government about their income. This form is for individuals and families who get money from jobs, houses, investments and other places but not from businesses. People who own houses or have money in other countries usually use this form.
The government has now allowed people to start filing their returns
Latest Update on ITR-2 Utility
The government released the Excel Utility and other documents on 26-May-2026. Here are some important things to know:
* The Excel Utility is a tool that helps people prepare their returns on their computers before sending them to the government.
* The utility is helpful for people who like to check their numbers before sending them in.
The government has also released some important documents.
* The JSON Schema is a set of rules that helps software developers and tax professionals make sure they are sending the information.
* The Validation Document is a guide that helps people avoid mistakes when filing their returns.
Who Should File ITR-2?
You should file ITR-2 if you are an individual or a family and you get money from:
* A. Pension
* Investments
* Houses
* Other countries
* sources
But you should not file ITR-2 if you get money from a business.
Filing your ITR early is an idea. It helps you:
* Get your refund
* Keep your finances in order
* Apply for loans and visas easily
* Avoid mistakes and penalties
Conclusion
At Global Taxman India we think it is a good idea to start getting your documents ready early so you can file your return smoothly.
The government has made it possible to file ITR-2 online and use the Excel Utility for the year 2026-27. This is a help, for people who are filing their returns. Individuals and families should review the utility and documents carefully before filing. Global Taxman India is here to help people file their returns accurately and easily.