ITR Form 1 (Sahaj) and ITR Form 4 (Sugam) are simple formats, used by a large number of relatively low-income taxpayers.
New Delhi. Income tax department ( income tax department ) to fill ITR-1 (ITR-1) and ITR-4 (ITR-4) forms offline for the convenience of income taxpayers to file income tax returns for the financial year 2020-21. The facility has been launched. This offline facility is available on the e-filing portal and is based on the new technology JSON (Java Script Object Notation). It is a simple format for storing data.
The offline feature can be downloaded to computers with Windows 7 or later. Giving complete information for filing, the Income Tax Department said that the offline facility is only for ITR-1 and ITR-4. Other ITRs will be added later.
ITR Form 1 (Sahaj) and ITR Form 4 (Sugam) are simple formats, used by a large number of relatively low-income taxpayers. Sahaj Forms can be filled by individuals whose annual income is up to Rs 50 lakh and their income is derived from salary, property with one house / other sources (interest etc.).
CBDT notifies all ITR Forms 1 to 7 for AY 2021-22 vide Notification no. 21/2021 in G.S.R 242(E) dated 31/03/2021. To facilitate taxpayers & to minimize the compliance burden, no significant changes have been made in the ITR Forms this year as compared to last year’s Forms.(1/2) pic.twitter.com/HyglAD7Kxc
— Income Tax India (@IncomeTaxIndia) April 1, 2021
The ITR-4 form can be filled by individuals, Hindu undivided families and companies whose total income is up to Rs 50 lakh and whose source of income is business or profession. Neha Malhotra, director of Nangia Andersen India, said that the new facility is simple in terms of filing tax returns and this will make it much easier for taxpayers.
He said that it has been assisted through Frequently Asked Questions (FAQs). Also, guidance notes, circulars and provisions of law are also mentioned so that taxpayers can file returns without any problem. The department says that the level of compliance will increase due to increased ease of tax returns and elimination of bottlenecks.
