DelhiDesk The Income Tax Department has enabled online filing of ITR 1 and 4 for the Financial Year 2022-23 on behalf of individuals, professionals, and small business owners. The software will soon be enabled to prepare other income tax returns/forms. The deadline for filing income tax returns for the financial year 2022-23 is July 31 for those who do not need to get their accounts audited. ITR 1 is filed by salaried class, senior citizens, and individuals while ITR 2 is filled by business owners and professionals. ITR 4 is for resident individuals, HUF, and firms with total income up to Rs. 50 lakh and have income from business and profession. The choice between online and offline ITR depends on the status of the taxpayer and related factors.
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Here is the news bullets sorted by DelhiBreakings.com team.
– ITR 1 and 4 enabled for online filing of Income Tax Return for FY 2022-23
– Other income tax returns/forms will soon be enabled for online filing
– Last date for filing ITR for FY 2022-23 is July 31
– ITR 1 for salaried class and senior citizens, ITR 2 for business men and professionals, ITR 4 for Resident Individuals, HUF and Firms
– Online or offline ITR filing depends on status of tax payers and related factors
– Consider internet connectivity and amount of data to be fed when choosing between online and offline filing
– English summary: Online ITR filing starts for quick filing of Income Tax Return for FY 2022-23
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