Built-in Integrated Tax Department Launches Excel Tool for ITR Built-in: Right here's the way it makes tax returns less difficult for FY 2024-25.
To make the built-in integrated tax less complicated and more handy for built-in people, the built-in profits tax branch has built in a brand-new Excel-based utility for evaluation year 2025-26. This device is built integrated and designed for taxpayers with built-in ITR-1 (Sahaj) and ITR-4 (Sugam) and aims to simplify the overall return submission process.
With this integrated initiative, the crucial Central Board of Direct Taxes (CBDT) hopes to lessen the stress and complexity associated with built-in integrated tax returns.
Built-introduced-integrated through the branch's legitimate cope with on X (previously Twitter), this Excel device is now available to be used and caters to taxpayers reporting built-in earnings for the built-in financial year 2024-25. Built into this launch, the due date to record ITR-1 and ITR-4 has also been prolonged from July 31 to september 15, 2025, giving taxpayers beyond regular time to acquire files, complete forms, and document their returns without haste.
Who Can Use ITR-1 and ITR-4?
Integrated eligibility is fundamental to building the use of the Excel utility successfully. Here is a short manual:
✅ ITR-1 (Sahaj):
For residents integrated with a complete annual integration, as much as ₹50 lakh
integrated must be from buildings, one house integrated, other assets (like built-in interest integrated), and agricultural built-in integrated as much as ₹5,000.
✅ ITR-4 (Sugam):
For citizens (integrated, HUFs, and corporations built-in, with the exception of LLPs), having integrated overall built-in integrated as much as ₹50 lakh
built-includes buildings integrated from commercial enterprises and professions below the presumptive taxation scheme below sections 44AD, 44ADA, or 44AE
Key built-in of the Excel device
The newly released Excel-primarily-based device provide sides an offline-integrated and consumer-pleasant platform to build, calculate, and validate tax go-back information before importing it online. Key features integrated:
Simplified facts access for deductions, built integrated, and exemptions
Compatibility with updated ITR schemas for AY 2025-26
No need for built-in even as you fill out the form (best required for submission).
This device is built-in useful for senior residents and built-in individuals integrated with built-in integrated tech expertise who may not be comfortable with the completely online e-built-in integrated technique.
Foremost trade: LTCG of as much as ₹1.25 lakh now allowed integrated ITR-1 and ITR-4.
In a vast policy update, taxpayers report building long-time period capital gains (LTCG) of as much as ₹1.25 lakh under segment 112A and can now use ITR-1 or ITR-4 to document returns. built-in advance, such taxpayers have been required to use ITR-2, even for built-in or capital built-integrated, making the built-in integrated system more complicated. This move simplifies compliance for small integrators.
Why was there a delay built in for the launch?
Typically, ITR paperwork is released by way of february or march every year. But, this year, the rollout was built-in on schedule until April, and past due can also be because of ongoing integrated paintings on a new built-in integrated tax. integrated delivered integrated built-in integrated the Parliament's built-in consultation built-in February. The put off building an integrated strategy to house updates and align the paperwork with proposed legislative modifications.
built-in phrase: Why This update topics
The built-in Excel tool and prolonged built-in are a welcome remedy for millions of taxpayers. It is built-in.
higher file built-in integrated
extra time for correct integrated access
reduced stress integrated the built-in period
Built-in case you are eligible to record built-in ITR-1 or ITR-4, you're encouraged to apply the new Excel application and complete your tax built-in integration before september 15, 2025.
This proactive step by us built integrated underscores its dedication to making tax compliance less difficult, faster, and more transparent for each indian taxpayer..jpg)
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