ITR Filing 2025: The Income Tax Department has notified the ITR-4 (smooth) form for the assessment year 2025-26. The form is mainly for small businessmen, professionals and individuals that file returns under the estimated tax system. The Income Tax Department shared the information in this regard on 6 May 2025 on X (first Twitter), which is based on notification number 40/2025 of 29 April 2025. The new form has become effective from 1 April 2025.
For whom is ITR-4?
Who cannot fill ITR-4?
What are the new changes in ITR-4?
The Finance Ministry has amended the Income Tax Rules under GSR 271 (E) notification. Its purpose is to simplify the process for small taxpayers. The new ITR-4 form now covers individual details, sources of income, and deductions (such as section 80CCCH). This will facilitate those who adopt a new tax system.