• Source:JND
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ITR Filing 2025: The Income Tax Returns (ITRs) have activated an online tool for filing income tax returns for the fiscal year 2024–2025 (assessment year 2025–2026). The official e-filing portal is now available for taxpayers to use to file their returns. Only the ITR-1 and ITR-4 forms are currently available for online filing. Until these forms are made available, those who must file ITR-2 or ITR-3 will have to wait.

To guarantee compliance and prevent fines, choosing the appropriate ITR form is crucial.

ITR-1 (Sahaj) Can Be Filed by Whom?

Residents with a total income of up to Rs 50 lakh are eligible to file an ITR-1. Salary, a single home, a family pension, and additional income like interest are all considered eligible sources of income. Additionally, it covers agricultural income up to Rs 5,000 and long-term capital gains up to Rs 1.25 lakh under Section 112A.

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ITR-4 (Sugam) Can Be Filed by Whom?

Residents, Hindu Undivided Families (HUFs), and businesses (apart from LLPs) earning up to Rs 50 lakh are eligible to fill out this form. It applies to people who make money through their business or profession under the presumptive taxation scheme (Sections 44AD, 44ADA, or 44AE). Additionally, under Section 112A, it allows for capital gains up to Rs 1.25 lakh, small amounts of agricultural income (up to Rs 5,000), interest, family pensions, one house property, and salary income.

Important Documents Needed

The following documents should be kept on hand to properly file your return: your PAN and Aadhaar card, your employer's Form 16, Form 26AS and AIS, bank account information, interest certificates, and proof of investment (if you are claiming deductions under the previous tax regime). If applicable, you might also require records of foreign assets, business income, property, or capital gains.

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Eligible taxpayers should begin filing as soon as possible now that the portal is operational to prevent a last-minute rush and possible mistakes.