Income-tax returns, July 7 -- The income-tax department has released excel utility of its ITR-1 (Sahaj), ITR-2, ITR-3, and ITR-4 (Sugam) online forms for financial year 2025-26 i.e. assessment year 2026-27 and notified all ITR forms 1-5 for this tax year (FY26 / AY27).

Notably, availability of excel utility means that you can prepare your returns offline before uploading them digitally. Taxpayers have till 31 August to file their returns by logging into the e-filing portal with your User ID and password. Notably, this deadline has been extended by a month from 31 July earlier.

Today we explain the circumstances under which taxpayers can appoint authorised representative, the requirements, eligibility criteria and other important factors...