The tax return season has started again in the country. The Income Tax Department has started the facility for online filing of Income Tax Return Form (ITR) 1 and 4 by individuals, professionals and small businesses for the financial year 2022-23. The software/utilities to generate other ITR/Forms will be enabled shortly, the Income Tax Department said in a tweet.
“Enabled to file ITR 1 & 4 for Assessment Year 2023-24 in online mode on e-filing portal,” the department said in response to a person’s tweet. For those who do not need to get their accounts audited, the last date for filing income tax returns for FY 2022-23 is July 31.
ITR-1 is filed by individuals including salaried class and senior citizens. ITR-2 is filed by businesses and professionals who have opted for presumptive taxation and individuals whose annual income does not exceed Rs 50 lakh.
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