TAX

ITR 2024-25: Who’s Required to File and Why You Should Even If Not

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ITR 2024-25: Who’s Required to File and Why You Should Even If Not

ITR filing for the financial year 2024-25 (Assessment Year 2025-26) has officially begun, with the Income Tax Department permitting Excel Utility-based returns since May 30th. While online filing is still on the horizon, nearly 55,000 returns have already been filed as of June 2nd, 2025. Who Needs to File an Income Tax Return (ITR)? Whether … Read more

Prepare Your Taxes Offline: ITR-1 and ITR-4 Utilities Available

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Prepare Your Taxes Offline: ITR-1 and ITR-4 Utilities Available

The Income Tax Department has released the offline Excel-based utilities for filing Income Tax Returns (ITRs) for the Financial Year 2024–25 (which is the Assessment Year 2025–26). You can now download these tools for ITR-1 (Sahaj) and ITR-4 (Sugam) from the official income tax e-filing website. While the direct online filing facility isn’t active yet, … Read more