The Income Tax Department has released the updated version of Common Offline Utility for ITR Forms i.e. ITR-1 to ITR-4 on 22nd Sep, 2023.
Reetu | Sep 25, 2023 |
Income Tax Dept issued updated Version of Common Offline Utility for ITR 1 to ITR 4
The Income Tax Department has released the updated version of Common Offline Utility for ITR Forms i.e. ITR-1 to ITR-4 on 22nd Sep, 2023.
An offline utility of income tax is a software tool provided by the income tax department or relevant tax authorities that allows taxpayers to prepare and file their income tax returns without needing to connect to the internet. This tool is typically available as downloadable software or an Excel spreadsheet that can be filled out with taxpayer information and financial details.
ITR-1, also known as the Sahaj Form, is a form used by individual taxpayers in India to file their annual income tax returns. It is intended for people who receive income from sources such as a salary or a pension.
ITR-2 can be filed by individuals or HUFs who are ineligible to file ITR-1 (Sahaj). Do not have income from business or profession profits and gains, as well as income from business or profession profits and gains in the form of interest, salary Bonus, commission or remuneration, by whatever name called, due to, or received by him from a partnership firm.
ITR-3 is an income tax return form used by individual taxpayers in India who earn a living from their business or profession. It is intended for individuals, Hindu Undivided Families (HUFs), and partnership firms that earn a living through entrepreneurial activities or professional services.
ITR-4, also known as “Sugam,” is an income tax return form used in India by individuals and Hindu Undivided Families (HUFs) with income from a presumed business. It is intended for taxpayers who have chosen the presumptive taxation scheme under Income Tax Act Sections 44AD, 44ADA, or 44AE.
Common Offline Utility (ITR 1 to ITR 4)
Common Offline Utility for filing Income-tax Returns ITR 1, ITR 2, ITR 3 and ITR 4 for the AY 2023-24.
Date of release of latest version of utility: 22-Sep-2023
Date of release of first version of utility: 09-Jun-2023
Date of release of latest version of utility: 01-Aug-2023
Date of release of first version of utility: 09-Jun-2023
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