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
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
ITR Filing for Freelancers & Gig Workers: Your Essential Guide The freelance and gig economy is booming in India, but if you’re a part of it, you might be wondering about your tax obligations. Don’t sweat it! While your work structure is different from traditional employment, the income tax law recognizes your earnings under “business … 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