New Delhi: The Income Tax Department has released offline forms – ITR 1, ITR 4 for filing of IT returns by individuals as well as businesses for the financial year 2022-23 (Age 2023-24). The Central Board of Direct Taxes (CBDT) had already notified ITR forms through a notification dated 10 February.
“Excel utility of ITR 1 and ITR 4 for assessment year 2023-24 are available for filing,” said the online website of the Income Tax Department.
ITR 1 form is for “Individuals being residents (other than ordinarily resident) having total income up to Rs 50 lakh, income from salary, income from one house property, other sources (interest etc.), and agricultural income 5 up to Rs.Thousand.
ITR 1 Form is for “Individuals, HUFs and Firms (other than LLPs) having total income up to Rs.50 lakh and income from business and profession computed under section 44AD, 44ADA or 44AE and agricultural income up to Rs. 5 thousand.”
It may be noted that only Excel utilities are available for ITR 1 and ITR 4 for AY 2023-24 (FY 2022-23), while JSON utility is not available for both. Additionally, apart from ITR 1 and ITR, the Income Tax Department has not released forms for other income tax return forms.