Filing your Income Tax Return (ITR) can be confusing, but choosing the correct form is essential to avoid penalties. Making a mistake can lead to a defaulted ITR and a potential tax notice. To simplify the process, here is a breakdown of the most common ITR forms—ITR-1, ITR-2, ITR-3, and ITR-4—and who should use them. … Read more
Correct Your Tax Filings: ITR-U Facility Now Live for AY 2021-22 & 2022-23 The Income Tax Department has launched the Updated Return (ITR-U) filing facility for Assessment Years (AY) 2021-22 and 2022-23, specifically for taxpayers using ITR-1 and ITR-2 forms. This is a crucial opportunity for eligible individuals to rectify any errors or omissions in … Read more
The Income Tax Department has rolled out significant updates to ITR forms for the Financial Year 2024-25 (Assessment Year 2025-26), aiming to simplify tax filing for many.1 These changes, particularly to ITR-1, ITR-2, and ITR-4, broaden eligibility for some and streamline reporting for others.2 ITR-1 (Sahaj) Gets a Simpler Path for Capital Gains Previously, any … Read more
The Income Tax Department issued Common Offline Utility for filing Income-tax Returns (ITR 1 and ITR 4) for the AY 2025-26 updated on June 11, 2025. Common Offline Utility (ITR 1 and ITR 4) Common Offline Utility for filing Income-tax Returns ITR 1 and ITR 4 for the AY 2025-26. Date of release of latest … Read more
ITR E-Filing for FY 2024-25 (Assessment Year 2025-26) Now Live! The Income Tax Department has just activated the online e-filing utility for the financial year 2024-25. This means eligible taxpayers can now start filing their income tax returns! Currently, only ITR-1 (Sahaj) and ITR-4 (Sugam) forms are available for online filing. If you need to … Read more
ITR-1 & ITR-4 Online Filing Activated for AY 2025–26: Key Changes & Extended Deadline Great news for taxpayers! The Income Tax Department has officially enabled online filing for ITR-1 (Sahaj) and ITR-4 (Sugam) for Assessment Year 2025–26 (Financial Year 2024–25). This means you can now file your income tax returns through the e-filing portal, which … Read more
Income Tax Alert: ITR-1 & ITR-4 Excel Utility Out, File Without Internet ITR File: There is big news for millions of taxpayers in India. The Income Tax Department has released the Excel utility for ITR-1 (Sahaj) and ITR-4 (Sugam) forms for the assessment year 2025-26. This means that now salaried, pensioners, freelancers, and small businessmen can … Read more
ITR filing alert 2025-26: Excel utilities for ITR-1, ITR-4 now support LTCG, rent receipts, new tax regime The Income Tax Department has released updated Excel utilities for ITR-1 (Sahaj) and ITR-4 (Sugam) for the Assessment Year 2025–26 (Financial Year 2024–25), incorporating critical compliance and disclosure changes aligned with the Finance Act, 2024. These utilities, available … Read more