The Income Tax Department has released Excel utilities for ITR Forms 1 (Sahaj) and 4 (Sugam) for the Assessment Year 2025-26, ...

ITR-1 can only be filed by an individual qualifying as ordinarily resident. The individuals should have a total income of up to ₹50 lakh (after clubbing of income, if any). Their earnings should ...

ITR-1 can be used by an individual who is a resident of India and has income only from salaries, income from other sources, and does not own more than one house property and his total income does ...

Individual taxpayers should familiarise themselves with these updates to ensure accurate and timely filing. ITR-1 (Sahaj): For salaried individuals The ITR-1, also known as 'Sahaj', is for ...

The ITR forms are broadly classified into 6 categories and are chosen basis the nature of income and category of taxpayer whether an individual taxpayer or a company among others. To avoid ...

You have to use ITR 3 if you are an individual or an HUF engaged in any business or profession, income and who are disqualified from using ITR 4(iStock) After we discussed as to who can use ITR 1 ...

Earlier ITR-1 form was applicable for both residents, residents not ordinarily resident (RNOR) and also non-residents. Now, this form is made available only for resident individuals. Earlier, an ...

Individuals and Hindu Undivided Families (HUFs) who do not have income from profits and gains from business or profession can file their returns with ITR-2 form. As per the newly notified ITR-2 form, ...

For example, form ITR-1 can only be used by a resident individual having total income up to Rs 50 lakh from salary, one house property and income from other sources. It cannot be used by a ...

individual partnership in a firm; income generated from one among salary/pension, house property, any other source; and turnover of the business exceeds ₹2 crore. (3.) ITR 4 or SUGAM ...

Filing the correct ITR form is imperative. In case of incorrect filing, Income Tax Department will send the receipt of a defective notice to an individual and ask him/her to rectify within a ...