Taxpayers Pay Attention! ITR-1, ITR-4 Forms Live On Portal: Who Can File? How To File? All You Need To Know

ITR Filing Update: In a major update related to income tax return filing, the Income Tax Department has made ITR-1 and ITR-4 forms available online for submission. People can file their ITR-1 (SAHAJ) and ITR-4 (SUGAM) forms for the assessment year 2025-26. Most of the taxpayers file their income tax returns under ITR SAHAJ and SUGAM forms.

Both of these forms are applicable to taxpayers who are earning a fixed income below a certain level and meet the eligibility criteria set in terms of property and asset holding.

What Are ITR-1 and ITR-4 Forms?

Salaried taxpayers and those who have a source of income from a pension, a single house property or other sources (excluding betting, gambling and lotteries) are eligible for ITR-1 form. The form is also applicable for investors who have an agricultural income of up to Rs 5,000. ITR-1 form is also applicable for income from a spouse or a minor.

ITR-4, which is also known as Sugam, is another type of ITR form that is applicable for Hindu Undivided Families (HUF), partnership firms generating an income from business or profession. ITR-4 is also applicable for individuals and businesses that have chosen presumptive taxation on business income under Section 44AE, 44ADA, and 44ADA of the Income Tax Act, 1961.

ITR-1, ITR-4 Filing: What Are The Key Documents To Prepare?

To file the ITR-4 form, taxpayers should have mandatory documents like Form 16, Form 16A, Form 26AS, and AIS. In addition to these forms it is important for them to have housing loan interest certificates, rental agreements, bank statements, rent receipts and receipt of investment premium payments.

For ITR-1 form filing, taxpayers are required to keep form 16 ready. Alongwith this they have to prepare and keep investment payment premium receipts (if applicable), house rent receipts, handy for submission.

How To Download and Submit ITR-4 Form?

ITR-4 form can be downloaded and submitted online as well as offline. People can file this form online via the e-filing portal, or submit the form in offline mode through the offline Utility service. Here are the key steps to file the ITR-4 Form online.

-Log in to your e-filing portal using your user ID and password.
-Click on e-File, go to the Income Tax returns section and choose the 'File Income Tax Return' option.
-Link your PAN and Aadhaar if it is not linked yet.
-Select the Assessment Year as 2024-25 and mode of filing as online. Click on continue.
-Select Status as applicable to you and click Continue to proceed further.
-Select the type of Income Tax Return form. Proceed ITR-4 or ITR-1, whichever is applicable in your case.
-Check the instructions, fill your data and attach the required documents.
-Review your data and enter the additional data. Click on confirm after checking your information and data.
-Enter your income and deduction details in the different section. Fill all the required details and confirm.
- Check your form summary and make the payment for the computed tax liability (if any).
-Review your form. Select the declaration checkbox and click on proceed to preview.
-Thoroughly preview your return and proceed to valuation.
-After validation then click on proceed to verification.
-Select your preferred e-verification option on the 'Verification page'
-Follow the steps to e-verify your return and complete your ITR filing.