Online ITR Filing: Even if the tax liability is zero, it is mandatory to file ITR if the income is more than a limit. It can be filed both offline and online. ITR-1 and ITR-4 filing is now active in online mode as well. Check the deadline and penalty for missing the deadline along with which taxpayers ITR-1 and ITR-4 are for?
Online ITR Filing: If you have to file ITR-1 or ITR-4, now you can also file it in online mode. The Income Tax Department has given its information on X (formerly Twitter). The Income Tax Department has written in the tweet that now ITR-1 and ITR-4 forms can also be filled in online mode. Prefilled data for the financial year 2024-25 i.e. assessment year 2025-26 has been made available for taxpayers. Let us tell you that this time the deadline for ITR filing is 15 September 2025. If you miss it, then you may have to pay a fine of ₹ 1000 on income less than ₹ 5 lakh and ₹ 5000 on income more than ₹ 5 lakh.
Kind attention taxpayers!
Income Tax Return Forms of ITR-1 and ITR-4 are now enabled to file through Online mode with prefilled data for Assessment Year 2025-26 for taxpayers.
Visit: https://t.co/5XSxJVCtPx@FinMinIndia@nsitharamanoffc @officeofPCM @PIB_India
— Income Tax India (@IncomeTaxIndia) June 3, 2025
ITR-1 form has to be filed in case of income from salary, income from one house property (provided loss of previous years is not carried forward), income from other sources (except earnings from lottery and horse racing), long-term capital gains up to ₹ 1.25 lakh (provided capital loss of previous years is not carried forward). ITR-1 cannot be filed in case of income more than ₹ 50 lakh, agricultural income more than ₹ 5000, long-term capital gains more than ₹ 1.25 lakh, income from business or profession, income from more than one house property, being a director in a company, investment in unlisted shares, having any property outside the country, having foreign income, any loss carried forward.
Who is ITR-4 form for?
Individuals, HUF and partnership firms have to file ITR-4 form if they have income from business or profession. Apart from this, if presumptive taxation on business income has been chosen under sections 44AE, 44ADA and 44ADA of Income Tax, 1961, then ITR-4 form has to be filed. However, if the total income is more than ₹ 50 lakh, income from more than one house property, property abroad, foreign income, directorship in a company, investment in unlisted shares, any loss carry forward, then ITR-4 form cannot be filed.
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