Quick Summary
Income Tax Department releases Excel utilities of ITR 1 and ITR 4 for AY 2023-24 & made them available for filing.
ITR 1
For individuals being a resident (other than not ordinarily resident) having total income upto Rs.50 lakh, having Income from Salaries, one house property, other sources (Interest etc.), and agricultural income upto Rs.5 thousand.
Utility Excel Based
(Version 1.0) (2.40MB)
ITR 4
For Individuals, HUFs and Firms (other than LLP) being a resident having total income upto Rs.50 lakh and having income from business and profession which is computed under sections 44AD, 44ADA or 44AE and agricultural income upto Rs.5 thousand.
Utility Excel Based
(Version 1.0) (3.63MB)
FAQ :
The Income Tax Department has released the Excel utilities for ITR 1 and ITR 4 for the Assessment Year 2023-24.
ITR 1 is for resident individuals with a total income up to Rs. 50 lakh, who have income from Salaries, one house property, other sources (like interest), and agricultural income up to Rs. 5,000.
ITR 4 is for resident individuals, HUFs, and firms (other than LLPs) with a total income up to Rs. 50 lakh. This includes income from business and profession computed under sections 44AD, 44ADA, or 44AE, and agricultural income up to Rs. 5,000.
Both ITR 1 and ITR 4 are for individuals with a total income of up to Rs. 50 lakh.
Yes, the Excel utilities for ITR 1 and ITR 4 have been made available for filing income tax returns.
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