Important Update for Taxpayers..! ITR forms..!

ITR Filing: For a salaried class to easily file their ITR, Form-16 issued by their employer/employer is required. Are you an income tax filer? If you have to file income tax returns, this message will be useful for you. So far online forms for ITR are not issued by Income Tax Department. But offline ITR-1 and ITR-4 forms are provided for filing income tax returns for the financial year 2023-24. Offline ITR-1 and ITR-4 forms have come after CBDT announced them in February. Who can fill ITR-1 and ITR-4 forms?

ITR-4 is for them:

Your income is Rs. 50 lakhs or from agriculture under section 44AD, 44ADA or 44AE if Rs. ITR-4 is the form for you if you have income up to 5000 in business or professions like medicine law. In offline mode, taxpayers need to download the form.After that, it should be filled out and uploaded to the portal department. However, on the other hand, taxpayers can provide information about their income directly on the income tax portal in the online form as well. For the salaried class to easily file their ITR, Form-16 issued by their employer/employer is necessary. The last date for the issue of Form-16 by the employer is 15th June. In this way, there is no need to audit the accounts of the taxpayers. Income tax returns can be filed by July 31, 2023, based on Form-16.

మరింత సమాచారం తెలుసుకోండి:

income tax

Sowmiya Sriram

26/04/2023 11:02 PM