Excel Utilities of ITR-1, ITR-2, ITR-4 and ITR-6 & Offline Utilities for ITR-1, ITR-2, ITR-4 and ITR 6 for AY 2024-25 available for filing.
CBDT in March 2024 has notified all income tax returns (ITRS) forms ITRs 1 Sahaj ITR-2, 3, ITR 4 Sugam, ITR-5, ITR-6 and ITR-7 for Assessment Year 2024-25
CBDT by now has notified all income tax return forms (ITRS) for AY 2024-25. The new forms incorporates the changes required by the operation of section 115BAC as starting from AY 2024-25, new personal tax regime has been made the default one and one has to opt out of it in order to stick to the old regime.
Accordingly the new ITRs-now contain the following response:
Have you exercised the option u/s 115BAC(6) of Opting out of new tax regime? (default is “No”) No Yes, within the due date Yes, but beyond the due date ( If option other than ‘No’ is selected, please furnish date of filing and Acknowledgement number of form 10-IEA)
Do you wish to exercise the option u/s 115BAC(6) of Opting out of new tax regime? (default is “No”) Yes No
Note-For Opting out, option should be exercised on or before the due date for filing return u/s 139(1)
| ITR | Applicability | Version/Date | e-filing / Excel Utility |
| All ITRs | Common Offline Utility for filing Income-tax Returns ITR 1, ITR 2 and ITR 4 for the AY 2024-25. | 1.10 dated 01.04.2024 | Click Here >> |
| ITR-1 Sahaj | For individuals being a resident (other than not ordinarily resident) having total income up to Rs.50 lakh, having Income from Salaries, one house property, other sources (Interest etc.), and agricultural income up to Rs.5 thousand | 1.00 dated 01.04.2024 | Excel Utility Click Here >> |
| ITR-2 | For Individuals and HUFs not having income from profits and gains of business or profession | 1.00 dated 01.04.2024 | Excel Utility Click Here >> |
| ITR-3 | For individuals and HUFs having income from profits and gains of business or profession | PDF Form-3 | Not released yet |
| ITR-4 Sugam | For Individuals, HUFs and Firms (other than LLP) being a resident having total income upto Rs.50 lakh and having income from business and profession which is computed under sections 44AD, 44ADA or 44AE | 1.00 dated 01.04.2024 | Excel Utility Click Here >> |
| ITR-5 | For persons other than- (i) individual, (ii) HUF, (iii) company and (iv) person filing Form ITR-7 | PDF Form-5 | Not released yet |
| ITR-6 | For Companies other than companies claiming exemption under section 11 |
1.10 dated 01.04.2024 1.00 dated 23.04.2024 |
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| ITR-7 | For persons including companies required to furnish return under sections 139(4A) or 139(4B) or 139(4C) or 139(4D) only | PDF Form-7 | Not released yet |
Tag: CBDT Notification No. 105/2023 to 24/2024
- No statutory requirement of pre-deposit for stay of demand under Income Tax Act – HC
- Engagement of Company Secretaries as Young Professionals at RoC Mumbai and Pune
- Applicability of Section 115BBE rws 69, 69A 69C in a case before Settlement Commission
- Jewellery purportedly received from grandparent under Will added as unexplained credits
- SC lays down tests to determine if a debt is financial debt or operational under IBC
