The Income Tax Department has written in the tweet that now ITR-1 and ITR-4 forms can also be filled in online mode. Prefilled data for the financial year 2024-25 i.e. assessment year 2025-26 has been made available for taxpayers. Let us tell you that this time the deadline for ITR filing is 15 September 2025. If you miss it, then you may have to pay a fine of ₹ 1000 on income less than ₹ 5 lakh and ₹ 5000 on income more than ₹ 5 lakh.

ITR-1 form has to be filed in case of income from salary, income from one house property (provided loss of previous years is not carried forward), income from other sources (except earnings from lottery and horse racing), long-term capital gains up to ₹ 1.25 lakh (provided capital loss of previous years is not carried forward).

ITR-1 cannot be filed in case of income more than ₹ 50 lakh, agricultural income more than ₹ 5000, long-term capital gains more than ₹ 1.25 lakh, income from business or profession, income from more than one house property, being a director in a company, investment in unlisted shares, having any property outside the country, having foreign income, any loss carried forward.

Who is ITR-4 form for?

Individuals, HUF and partnership firms have to file ITR-4 form if they have income from business or profession. Apart from this, if presumptive taxation on business income has been chosen under sections 44AE, 44ADA and 44ADA of Income Tax, 1961, then ITR-4 form has to be filed. However, if the total income is more than ₹ 50 lakh, income from more than one house property, property abroad, foreign income, directorship in a company, investment in unlisted shares, any loss carry forward, then ITR-4 form cannot be filed.

The post Online ITR Filing: Online filing of ITR-1 and ITR-4 started, these forms are for these taxpayers first appeared on Rightsofemployees.com.

Income tax payers can now file Income Tax Return (ITR filing 2022-23) on the e-filing portal for the assessment year 2022-23. The last date for filing income tax return for any common person for the financial year 2021-22 is July 31, 2022 (ITR filing 2022-23 Last Date). On the other hand, the last date for filing income tax return for such persons whose business audit is required is 31 October 2022. If a taxpayer has done any specified foreign or domestic transaction, then he can settle this work by 30 November 2022.

When you file ITR online on the e-filing portal, you will get the option to choose any one of the two forms there. ITR Form-1 and ITR Form-4. You have to choose one of these two forms. Today we are telling you which taxpayer has to fill Form-1.

They have to fill Form-1

Most of the taxpayers file income tax return through ITR Form-1. It is also known as Sahaj. This form is to be filled by those people whose total income including salary, property, interest and agriculture income up to Rs 5000 is up to Rs 50 lakh. When a taxpayer selects ITR Form-1 on the e-filing portal, the taxpayer-related information is pre-filled in the form on the e-filing website. But it is important that you check those information properly once. If there is any wrong information in them, then correct it.

They cannot fill Form-1

If you are Individual, HUF (Hindu Undivided Family) and Firm (other than LLP) and your income is up to Rs 50 lakh and you have income from business and profession as per section 44AD, 44ADA or 44AE, then you have to submit ITR Form-1 Will not fill. You have to file your ITR by selecting ITR Form-4.

The post Income Tax Return 2022-23: Which people have to file returns using ITR Form 1, read full information first appeared on Rightsofemployees.com.