Online itr filing: If you want to file ITR-1 or ITR-4, now you can also file it in online mode. The Income Tax Department has given its X (former name Twitter). The Income Tax Department has written in the tweet that now ITR-1 and ITR-4 form can be filled in online mode. For taxpayers, prefilled data of FY 2024-25 i.e. Assessment Year 2025-26 has been made available. Please tell that this time the deadline of ITR filing is September 15, 2025. If you miss this, you may have to pay a fine of ₹ 1000 on income less than 5 lakh and ₹ 5000 on more than ₹ 5 lakh.
For whom is ITR-1 form?
Income from salary, income from a house property (provided the loss of previous years is not carried out), in the position of Long-Term Capital Gains up to ₹ 1.25 lakhs (provided previous years Capital Los Carry Forward) from other sources. More than ₹ 50 lakh, more than ₹ 5000 agricultural income, more than ₹ 1.25 lakh long-term capital gains, business or profession, income from more than one house property, income from a company, having a director in a company, investing in unlisted stocks, investing in unlisted stocks, any property outside the country, having any property outside the country, having any deficit income, foreign income, any deficit carry forwards.
For whom is ITR-4 form?
Individuals, HUF and partnership firm have to file an ITR-4 form if there is income from business or profession. Apart from this, in the Income Tax, section 44AE, 44 ADA and 44 ADA of 1961, you have chosen Principal Taxation on Business Income, even if ITR-4 form has to be filed. However, if the total income is more than ₹ 50 lakh, more than one house property, property abroad, foreign income, directors in a company, investment in unlisted shares, if there is any deficit carry forward, then you cannot file ITR-4 form.