Income tax returns: ITR-1, ITR-2, ITR-4 forms for FY 2023-24 (AY 2024-25) available on e-filing income tax portal

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.

Updated on: Apr 3, 2024, 24:05:11 IST

By HT News Desk

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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.

Income tax return: You can file ITR either completely online on the tax department’s e-filing income tax portal or partially online, partially offline as well.

How to file Income Tax return?

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.

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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HT News Desk
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

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