The Income Tax Department has officially released the JSON Schema for Income Tax Returns (ITR) 1 and ITR 4 for the Assessment Year 2023-24, which corresponds to the Financial Year 2022-23. These schemas are essential for filing tax returns and are available for download. ITR 1 is for resident individuals with income up to £50 lakh from salary, one house property, other sources, and limited agricultural income. ITR 4 is for resident individuals, HUFs, and firms (excluding LLPs) with income up to £50 lakh, including business or professional income computed under specific sections, and also allows for limited agricultural income.
The Income Tax Department has released JSON Schema ITR 1 and ITR 4 for AY 2023-24 (FY 2022-23)
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.
Document Schema (13KB)
Date of first release of JSON Schema 11-Apr-2023
ITR 4: For Individuals, HUFs and Firms (other than LLP) being a resident ha
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FAQ :
The Income Tax Department has released the JSON Schema for ITR 1 and ITR 4 for Assessment Year 2023-24 (Financial Year 2022-23).
ITR 1 is for resident individuals with a total income of up to £50 lakh. This includes income from salaries, one house property, other sources (like interest), and agricultural income up to £5,000.
ITR 4 is for resident individuals, HUFs, and firms (excluding LLPs) with a total income of up to £50 lakh. It's for those with income from business and profession computed under sections 44AD, 44ADA, or 44AE, and also allows for agricultural income up to £5,000.
The JSON Schemas for both ITR 1 and ITR 4 were first released on 11th April 2023.
The maximum total income for individuals filing under ITR 1 or ITR 4 is £50 lakh.