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Income Tax Department notifies ITR forms 1, 4 for assessment year 2025

IndiaTimes Saturday, 23 December 2023
The Income Tax Department has notified ITR forms 1 and 4 for assessment year (AY) 2024-25. Individuals and entities with annual total income of up to Rs 50 lakh can start filing returns for the income earned this financial year. ITR Form 1 (Sahaj) is for a resident individual having income of up to Rs 50 lakh, while ITR Form 4 (Sugam) is for individuals, HUFs, and firms with total income of up to Rs 50 lakh and income from business and profession.
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