ITR Filing 2025: The Income Tax Department has issued ITR Form 1 and Form 4 (ITR-1, ITR-4) for the Assessment Year 2025-26. With the help of Rs. Person and organizations with total income up to Rs 50 lakh can file returns. In the financial year, Rs. People with long-term capital gains up to Rs 1.25 lakh file ITR-1. Earlier, ITR-2 had to be filled to file tax returns on long-term capital gains.
Who can fill ITR Form-1 and 4?
According to the notification, individuals with income up to Rs 50 lakh, HUF, companies, business, other professional can file ITRs in the financial year 2024-25 (April-March). A large number of small and medium taxpayers file returns under ITR Form 1 (easy) and ITR Form 4 (easy).
ITR returns under various forms
Due to new facilities in ITR Form 1 (easy) and ITR Form 2, people can easily use them to file returns. This has made the process of filing ITR simple and convenient. Rupee. 1. Annual Income Rs. Be 3 lakhs. Income, house property, other sources and agricultural income of Rs 50 lakh. People with annual income of Rs 5000 can file ITR under Sahaj. Whose income Rs. HUFs and companies who are professionals with assets up to Rs 50 lakhs file returns under smooth. Businessmen, HUFs and Non-Pessers Tax payers file returns under ITR-2. Whereas salaried employees mostly file IT returns through Form-16.
