Income Tax Department Releases Updated Offline Utility for Filing ITRs and Other Utilities
By: Admin
July 27, 2024
Categories: Important News | Income Tax Case Law
4 Min Read
The Income Tax Department has released updated offline utility tools for filing Income-tax Returns (ITRs) for AY 2024-25, specifically for ITR forms 1 to 4. These tools help individuals and entities accurately submit their returns in compliance with the latest regulations.
Key Updates:
- Common Offline Utility (Version 1.1.4)
For ITR 1 to ITR 4, the latest version is available for download.
Released on July 27, 2024.
- ITR 1 (Excel Version 1.1)
For individuals with income up to ₹50 lakh, including income from salaries and one house property.
Latest update released on June 28, 2024.
- ITR 2 (Excel Version 1.5)
For individuals and HUFs without income from business or profession.
Latest update released on July 23, 2024.
- ITR 3 (Excel Version 1.2)
For individuals and HUFs with income from business or profession.
Latest update released on July 5, 2024.
- ITR 4 (Excel Version 1.2)
For individuals, HUFs, and firms with total income up to ₹50 lakh and income from business computed under sections 44AD, 44ADA, or 44AE.
Latest update released on July 13, 2024.
Other ITR Forms:
ITR 5: Released on July 5, 2024.
ITR 6: Released on July 18, 2024.
ITR 7: Released on July 18, 2024.
These updates ensure accurate filing and compliance with the income tax provisions for the assessment year 2024-25.
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