The Income Tax Department has enabled Excel Offline Utility of ITR-1 and ITR-4 for AY 2023-24 and started the ITR Filing on Income Tax Portal.
Reetu | Apr 26, 2023 |
Income Tax Return Filing Started for AY 2023-24 on Income Tax Portal
The Income Tax Department has enabled Excel Offline Utility of ITR-1 and ITR-4 for AY 2023-24 and started the ITR Filing on Income Tax Portal.
Excel offline Utility for preparing and filing ITR-1 and ITR-4 for AY 2023-24 has released. Please click Downloads | Income Tax Department to access and download the same. Once prepared, you can upload the JSON at Income-tax website.
Let’s know about these Utilities forms:
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
Schema
Date of first release of JSON Schema : 11-Apr-2023
ITR-1 Notified Form AY 2023-24
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
Schema
Date of first release of JSON Schema : 11-Apr-2023
ITR-4 Notified Form AY 2023-24
In case of any Doubt regarding Membership you can mail us at [email protected]
Join Studycafe's WhatsApp Group or Telegram Channel for Latest Updates on Government Job, Sarkari Naukri, Private Jobs, Income Tax, GST, Companies Act, Judgements and CA, CS, ICWA, and MUCH MORE!"
