An updated version of the common offline utility for the Income tax return (ITR) 1 to ITR 4 is been launched by the income tax department dated 22nd September 2023.
An offline income tax tool is a software resource offered by tax authorities, such as the income tax department, which enables individuals to complete and submit their income tax returns offline. This utility is commonly accessible as downloadable software or an Excel spreadsheet that individuals can complete with their personal and financial information.
SAHAJ (ITR-1) Form
ITR-1, also referred to as the Sahaj Form is one of the income tax return documents utilized by individual taxpayers in India to submit their annual income tax declarations. It is intended for individuals whose income originates from sources like salary or pension.
File ITR 2 Form
ITR-2 can be employed by individuals or Hindu Undivided Families (HUFs) who do not meet the eligibility criteria for filing ITR-1 (Sahaj). They should not have income from business or professional profit and gains, nor should they have income in the form of interest, salary, bonus, commission, or remuneration, received from a partnership firm.
ITR 3 Income Tax Return Form
Individual taxpayers in India who get income from a company or a profession fill out the ITR-3 income tax return form. It is designed for individuals, Hindu Undivided Families (HUFs), and partnership businesses that make money via professional services or other forms of entrepreneurship.
SUGAM (ITR-4) Form
Hindu Undivided Families (HUFs) in India that obtain revenue from a fictitious company use the ITR-4, popularly known as "Sugam," as their income tax return form. For taxpayers who have chosen the presumptive taxation system under Section 44AD, Section 44ADA, or Section 44AE of the Income Tax Act, this form has been particularly created.
The CBDT has discontinued the Excel and Java versions of ITR Utilities and replaced them with JSON Utility for Assessment Years 23-24. Here, you can learn how to download the ITR 1 to ITR 4 offline utility in JSON via this informative post.
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