The Income Tax Department has released the offline forms (JSON utility) for ITR-1 and ITR-4 applicable for the financial year 2023-24 (AY 2024-25). These offline income tax return forms will be used for filing ITR from April 1, 2024, for FY 2023-24 (AY 2024-25).
The JSON utility is a file format used when downloading or importing the pre-filled return data into the offline utility and is also used when generating the prepared ITR in the offline utility, as per the income tax e-filing website.
The last date to file
income tax returns for FY 2023-24 (AY 2023-24) for those taxpayers whose accounts are not required to be audited is July 31, 2024.
Income tax return filing methods
The income tax department allows taxpayers to file their
income tax returns either fully online or via a partial offline mode.
In the partial offline route, a taxpayer downloads the utility form from the income tax e-filing website (JSON utility released by the tax department).
Once the utility form is downloaded, a taxpayer is required to manually fill in the income and other required information applicable to the particular financial year.
The taxpayer can also import data in the JSON utility instead of manually filling in the data.
Once all the details are filled, the schema will be uploaded on the income tax e-filing website.
In the fully online mode, a taxpayer can log into their account on the e-filing website and file ITR.
Online ITR forms
The income tax department has notified the income tax return forms for the financial year 2023-24.
Once the ITR forms are notified, the income tax department is required to release the online and offline forms on the e-filing website.
ITR-1 (SAHAJ) can be used by an individual whose total income includes income from salary/pension, income from one house property (excluding cases where loss is brought forward from previous years); or income from other sources (interest etc.), and agricultural income up to ₹5,000.
ITR-4, also known as Sugam, is available for Individuals, HUFs, and firms (other than LLP) being a resident having total income up to ₹50 lakh and having income from business and profession which is computed under sections 44AD, 44ADA or 44AE under Income Tax Act.
LLP or limited liability partnership is a partnership in which some or all partners have limited liabilities.
