ITR Filing Begins: Excel Utilities for ITR-1 and ITR-4 Now Available for AY 2025-26

Excel utilities for ITR-1 and ITR-4 now available for AY 2025-26 - The Income Tax Department has released the Excel utility versions of ITR Forms 1 and 4 for Assessment Year (AY) 2025-26, which corresponds to Financial Year (FY) 2024-25. These utilities are now available for download on the official income tax e-filing portal, allowing eligible taxpayers to prepare and file their income tax returns. ITR-1 (Sahaj) is for salaried individuals with income up to ₹50 lakh from salary, one house property, and other sources, while ITR-4 (Sugam) is for individuals, HUFs, and firms (other than LLP) with total income up to ₹50 lakh and income from business and profession computed under presumptive taxation schemes (Sections 44AD, 44ADA, or 44AE).