We bought a time capsule then the wifi has a problem since it does not identify the existing wireless network and it says that its need to have an update firmware. The existing firmware is 7.3.1, does it have an newest update firmware existing now?

We bought a time capsule, 1TB, then the wifi has a problem since it does not identify the existing wireless network and it says that its need to have an update firmware. The existing firmware is 7.3.1, does it have an newest update firmware existing now? Does APPLE do not provide latest firmware for this item?

How old is that Time Capsule?  The fact that it still have firmware 7.3.1 suggests that it's not the latest model.  The latest firmware available for my two-year-old model is version 7.5.2.  Apple does provide firmware updates.  You just have to let the Time Capsule download and install them.  Use AirPort Utility to do that.
Regarding your Wi-Fi problem, please explain what you mean by "it does not identify the existing wireless network".
By the way, you've been misled by poor field labeling on this forum into typing a large part of your message into the field intended for the subject.  In the future just type a short summary of your post into that field and type the whole message into the field below that.

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