Date of filling returns: Income tax released ITR-1 and ITR-4 form, know the last date?

Date of filling returns: Income tax released ITR-1 and ITR-4 form, know the last date? Tezzbuzz | 01/06/2025 02:24:18

Mumbai. Now taxpayers will not have to face any kind of obstacle in filing their income tax return (ITR). The Income Tax Department has started the process of filing ITR for FY 2024-25. Under this, Excel utility version of ITR-1 and ITR-4 form has been uploaded on the official website. Taxpayers can easily fill their returns by downloading these forms.

Sharing this information on the social media platform X, the Income Tax Department said that Excel utility of ITR-1 and ITR-4 is now available on the portal. This step is a matter of relief, especially for taxpayers who want to file returns early or who have to file returns through professionals.

ITR-1: ‘Sahaj’ form for limited income with limited income

ITR-1 form has been named ‘Sahaj’ and it can be filled by taxpayers whose total annual income is ₹ 50 lakh or less. This includes people who have income from salary, rent, interest or other sources from home. Under this form, you can also include long -term capital gains up to Rs 1.25 lakh and agricultural income up to Rs 5,000, provided it is under section 112A.

ITR-4: ‘Sugam’ form for small traders and professionals if you do self-employment or are to small business and your annual income is less than Rs 50 lakh, then ITR-4 is suitable for you.

The name of this form is ‘Sugam’ and is for resident individuals, HUF and non-LLP firms. ITR-4 is for those who calculate their income under section 44 AD, 44 ADA or 44AE. Long -term capital gains up to Rs 1.25 lakh can also be included.

Now we will be able to file returns by September 15

This time the Income Tax Department has increased the deadline for filing ITR from 31 July to 15 September 2025. This information was given on 27 May. Forms are usually available in early April, but this time the process was delayed due to technical reasons.

CA’s opinion: big relief from detail

A chartered accountant said that many taxpayers are still not able to reach the annual information details (AIS) properly. In such a situation, increasing the deadline for filing ITR is a positive step, which will give enough time to both taxpayers and professionals.

Do not delay, fill the form soon

If you come under the purview of ITR-1 or ITR-4, now the time has come to prepare the documents and file the return. The facility is available on the portal and the last date has also been extended. In such a situation, avoid unnecessary delays and fulfill tax responsibility in time.