New Delhi: The Income-Tax department has released the offline forms --ITR 1, ITR 4 -- for filing I-T returns by individuals as well as businesses for FY 2022-23 (AY 2023-24). The Central Board of Direct Taxes (CBDT), had already through a notification dated February 10, notified ITR forms.


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“Excel utilities of ITR 1 and ITR 4 for AY 2023-24 are available for filing,” the income tax department online website said.


What is Excel utility Form of ITR 1, ITR 4 for AY 2023-24 


These Excel utilities are a tool that taxpayers can use to enter their income and other details required for filing their ITRs. 


Offline Form ITR 1, ITR 4 for AY 2023-24 Released: What does it mean?


The offline release of ITR forms 1 and 4 means that taxpayers can now download the forms in a PDF format from the Income Tax Department's website and fill them out manually. This is beneficial for taxpayers who may not have access to the internet or may face technical difficulties in using the online filing portal.


 


ITR 1 form is "For individuals being a resident (other than not ordinarily resident) having total income upto Rs.50 lakh, having Income from Salaries, one house property, other sources (Interest etc.), and agricultural income upto Rs.5 thousand.


ITR 1 form is "For Individuals, HUFs and Firms (other than LLP) being a resident having total income upto Rs.50 lakh and having income from business and profession which is computed under sections 44AD, 44ADA or 44AE and agricultural income upto Rs.5 thousand."


It may be noted that only the Excel utilities of ITR 1 and ITR 4 for AY 2023-24 (FY 2022-23) are available, while the JSON utility for both is not available. 


Amit Gupta,Managing Director, SAG Infotech said,"JSON stands for JavaScript Object Notation, and it is a file format used for data exchange between applications. The JSON utility is used by taxpayers who prefer to file their ITRs online, and it allows for a faster and more efficient process."


Gupta added that the delay in the release of the JSON utility may cause inconvenience for taxpayers who rely on it for filing their ITRs.


"However, the Excel utilities and offline release of ITR forms 1 and 4 provide an alternative for taxpayers who wish to file their returns manually," he said.


 


Additionally other than ITR 1 and ITR, the income tax department has not released the form for other income tax return forms.