CBDT Enabled Excel Offline Utility for ITR-1 and ITR-4 for FY 2022-23 | AY 2023-24:

CBDT Enabled Excel Offline Utility for ITR-1 and ITR-4 for FY 2022-23 | AY 2023-24 The Central Board of Direct Taxes(CBDT) has enabled Excel Offline Utility for Preparing and Filing ITR-1 and ITR-4 for AY 2023-24. Excel offline Utility for preparing and filing ITR-1 and ITR-4 for AY 2023-24 is released. Please click Downloads | Income Tax Department to access and download the same. Once prepared, you can upload the JSON at Income-tax website.

ITR-1 Form

Form ITR-1 or “Sahaj” (derived from the Hindi word meaning “easy”) is the most commonly used form for filing Income Tax Returns. ITR-1 form is for resident individuals whose total income (Income from Salaries, one house property, other sources (Interest etc.)) does not exceed Rs.50 lakh during the financial year and agricultural income upto Rs.5 thousand. It is primarily used by salaried individuals. Utility Excel Date of release of first version of utility : 25-Apr-2023 Click Here To Download Schema Date of first release of JSON Schema : 11-Apr-2023 Click Here To Download ITR-1 Notified Form AY 2023-24 Click Here To Download

ITR-4 Form

The ITR-4 Sugam is one of the income tax returns forms. It is for those taxpayers who have opted for a presumptive income scheme. This scheme has been outlined in Section 44AD, Section 44AE, and Section 44ADA. Note, however, that if the business's turnover exceeds Rs.2 crores, the taxpayer needs to file ITR-3. It is for Individuals, HUFs and Firms (other than LLP) being a resident having total income upto Rs.50 lakh and having income from business and profession which is computed under sections 44AD, 44ADA or 44AE and agricultural income upto Rs.5 thousand. Utility Excel Date of release of first version of utility : 25-Apr-2023 Click Here To Download Schema Date of first release of JSON Schema : 11-Apr-2023 Click Here To Download ITR-4 Notified Form AY 2023-24 Click Here To Download