welcome KR On Mon, 2 Jun 2025 at 05:04, APS Mani <[email protected]> wrote:
> Thanks for the guidance. Mani > > > > On Sun, Jun 1, 2025 at 7:08 PM Rajaram Krishnamurthy < > [email protected]> wrote: > >> ITR filing 2025: Excel utilities for ITR 1 and 4 for FY 2024-25 (AY >> 2025-26) released by Income Tax dept; Check who can file >> >> The Income Tax Department has released the Excel utility versions of ITR >> Forms 1 and 4 for AY 2025-26, enabling taxpayers to prepare for FY 2024-25 >> filings. A key change in ITR-1 now invalidates filings for certain TDS >> sections, directing taxpayers with income from sources like online games or >> crypto to use other appropriate forms. >> >> ITR Excel utilities - ITR1, ITR 4 >> >> The Income Tax Department has released the Excel utility versions of >> Income Tax Return (ITR) Forms 1 and 4 for the Assessment Year 2025–26. >> These tools are now available for download on the official income tax >> e-filing portal, allowing eligible taxpayers to start preparation for >> filing of income tax returns for FY 2024-25 (AY 2025-26). >> >> The Income Tax Department has announced the release of excel utilities >> via a post on X (formerly Twitter). “Attention taxpayers! The Excel Utility >> for ITR-1 and ITR-4 for AY 2025-26 has been enabled and is now available >> for taxpayers,” the Income Tax Department said on X. >> >> However, a very important change has been made in the schema for ITR-1. >> A new validation rule has been introduced in the utility itself: if certain >> TDS section codes appear in Schedule TDS2 or TDS3—such as 194B, 194BB, >> 194S, 194LA, 195, 196A, 194Q, 194R and others—the income tax return will >> now be considered invalid for filing under ITR-1. This means taxpayers >> having income under special rates or from sources like online games, >> lotteries, crypto, property transfers, must use ITR-2 or other >> appropriate forms. This is a very welcome and practical change. In past >> years, many taxpayers unknowingly filed ITR-1 with such incomes, only to >> face defective return notices from CPC. By building this validation >> directly into the utility, the Department has helped prevent incorrect >> filings at source, saving both time and confusion.” >> >> Choose right income tax return form for ITR filing FY 2024-25 (AY 2025-26) >> >> Taxpayers are advised to carefully check the eligibility criteria before >> selecting and filing their income tax return FY 2024-25 (AY 2025-26). >> Choosing the incorrect form may lead to complications or rejection of the >> ITR by the Income Tax Department. Tax experts recommend thorough reading of >> the instructions to avoid errors in ITR filing. >> >> K Rajaram IRS 1625 >> > -- You received this message because you are subscribed to the Google Groups "Thatha_Patty" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To view this discussion visit https://groups.google.com/d/msgid/thatha_patty/CAL5XZopo30%3DL3%2B%3De43FafL4fnK1%3D6sgu2uA-HwG098pxTaDSEg%40mail.gmail.com.
