Bank balance disclosure made mandatory in ITR-4 for AY 2026-27
CBDT has said a major compliance change is mandatory disclosure of bank balances under the revised income tax return forms for taxpayers filing ITR-4 for Assessment Year (AY) 2026-27.
Tag: ITR-4 of income tax
ITR Form of ITR-1 and ITR-4 are enabled to file through Online mode
Income Tax Return Form of ITR-1 and ITR-4 are enabled to file through Online mode with prefilled data at the e-filing portal.
ITR Filing 2025: Confused Between ITR 1 And 4? Know Key Differences To File Correct Income Tax Return
The income tax department has enabled the Excel utilities of ITR-1 (Sahaj) and ITR-4 (Sugam) for the financial year 2024-25 (assessment year 2025-26), thus allowing offline return filing. Online ITR forms will be enabled soon. Tax experts say it is necessary to choose the correct ITR form to avoid any future income tax notice.
Excel Utilities of ITR-1 and ITR-4 for AY 2025-26 is available in the portal
The Income tax portal made excel utilities of ITR-1 and ITR-4 for AY 2025-26 available on 30.05.2025.
Income Tax – Here’s how to make a switch between new and old tax regimes
During the Union Budget 2023-24, Finance Minister declared that the new tax structure will be established as the default regime.
Notification no. 105/2023 dated 22.12.2023 Income tax
ITR-1 and ITR-4 has been substituted by CBDT vide Notification no. 105/2023 dated 22.12.2023.