Income tax department opens ITR filing window for those using ITR 4 form (Download Utility)

After notifying the income tax return (ITR) forms for FY 2019-20, the income tax department has released the ITR-4 utility (e-form) on its e-filing website. The ITR-4 form is available in Excel and Java formats.  

Income tax department opens ITR filing window for those using ITR 4 form

The ITR 4 form is for those Individuals, HUFs and Firms (other than LLP) being a Resident having Total Income upto Rs.50 lakhs and having income from Business and Profession which is computed under sections 44AD, 44ADA or 44AE (Not for an Individual who is either Director in a company or has invested in Unlisted Equity Shares)



Due to COVID-19, the government has permitted the taxpayers to make certain tax-saving investments for FY 2019-20 till June 30, 2020. Therefore, if you have made tax-saver investments eligible for deduction under sections 80C, 80D, 80E, and so on or donations under section 80G, between April 1 and June 30, you will have to share the details.

Also Read: Centre Releases Rs.36,400 Crore as GST Compensation to States

Form Description Microsoft
Excel
Java Instructions
ITR 1 For Individuals being a Resident (other than Not Ordinarily Resident) having Total Income upto Rs.50 lakhs, having Income from Salaries, One House Property, Other Sources (Interest etc.), and Agricultural Income upto Rs.5 thousand(Not for an Individual who is either Director in a company or has invested in Unlisted Equity Shares) PR1 
02/06/2020
PR1.1 
05/06/2020
ITR 4 For Individuals, HUFs and Firms (other than LLP) being a Resident having Total Income upto Rs.50 lakhs and having income from Business and Profession which is computed under sections 44AD, 44ADA or 44AE
(Not for an Individual who is either Director in a company or has invested in Unlisted Equity Shares)
PR1 
05/06/2020
PR1 
05/06/2020
 

Instruction for use of offline utilities:


    1. Select the Assessment Year
    2. Download either excel or Java utility. The utility by default will get downloaded in your system ‘download’ folder in a compressed mode (ZIP file)
    3. Extract (un-compress) the zip file containing the utilities. The folder will be extracted in the same location where the compressed utility was downloaded. Open the utility and start filling.

System Requirements

ITR Schema Validation Rules

Details of new ITR forms:

ITR Forms Applicability
ITR 1 Sahaj Resident Individuals (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 up to Rs 5000 is eligible to file ITR-1. It cannot be filed by an individual who is either a director in a company or has invested in unlisted equity shares. 
ITR 2 Individuals and HUFs not having income from profits and gains of business or profession can file ITR-2.
ITR 3 For individuals and HUFs having income from profits and gains of business or profession.
ITR 4 Sugam For individuals, HUFs and Firms (other than LLP) being a resident having a total income upto Rs 50 lakh and having income from business and profession, which is computed under sections 44AD, 44ADA or 44AE.
ITR 5 For persons other than (i) individual, (ii) HUF, (iii) company, and (iv) person filing Form ITR-7.
ITR 6 For Companies except the companies claiming exemption under section 11.
ITR 7 For persons including companies required to furnish return under sections 139(4A) or 139(4B) or 139(4C) or 139(4D) only.

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