Apr 02, 2024 12:57 PM IST
Income tax return: The tax department released offline Excel utilities of ITR-1, ITR-2 and ITR-4 as well as ITR-1, ITR-2, ITR-4 and ITR-6.
The Income Tax Department made online income tax return forms- ITR-1, ITR-2 and ITR-4, for FY 2023-24 (AY 2024-25)- available on the e-filing portal. Taxpayers eligible to file their tax returns can do so using these ITR forms for FY 2023-24. Earlier, the tax department released offline Excel utilities of ITR-1, ITR-2 and ITR-4 as well as ITR-1, ITR-2, ITR-4 and ITR-6 for FY 2023-24 (AY 2024-25). The last date to file income tax returns for FY 2023-24 (AY 2024-25) is July 31, 2024.
How to file Income Tax return?
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You can file ITR either completely online on the tax department’s e-filing income tax portal or partially online, partially offline as well.
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How to file ITR online?
You can file income tax return online by logging into your account on the e-filing income tax portal. Under the ‘File income tax return’ option, most of the taxpayer’s data is pre-filled from their Annual Information Statement (AIS) and Form 26AS. You should cross-check from your documents and complete the form.
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How to file ITR offline?
You can also file ITR offline using utilities of JSON and Excel which can be downloaded from the e-filing income tax portal. You can also get a pre-filled data in the offline utilities from your e-filing income tax account.
Eligibility criteria to file ITR-1, ITR-2 AND ITR-4
You can file tax return using ITR-1, ITR-2 and ITR-4 depending on sources of income in the financial year.
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ITR-1 can be filed by taxpayers who are resident individuals, having income from salaries, one house property and other sources of income. Gross total income from all sources should not exceeding ₹50 lakh in a financial year.
ITR-2 can be filed by taxpayers having more than one house property and capital gains.
ITR-4 is used by taxpayers having income from business and professions taxable under sections 44AD, 44ADA and 44AE.
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