ITR or Income Tax Filing process for the financial year 2022-23 is ongoing and IT Department has made available Excel utilities for ITR-1 named Sahaj and ITR-2 named s.ugam. Taxpayers can download these utilities directly from the website and use them to file their ITR.
Excel Utilities Now Available for ITR Filing AY 2023-24
The Excel utility form for ITR-1 and ITR-4 has been made available by CBDT. But, for now, the salaried individuals will have to wait for the ITR filing process as Form-16 which they need is not yet enabled by the employers. They are expected to release Form-16 by June 15, after which the salaried individuals will be able to file ITR.
“Excel utilities for ITR 1 & 4 for AY 2023-24 have been enabled. Please refer to the live ticker on the e-filing portal: http://incometax.gov.in. The software/utilities for preparing other ITRs / Forms for A.Y. 2023-24 will be enabled shortly. Information regarding the same will be made available to taxpayers on the e-filing portal. We appreciate your patience while we are working on this,” the Income Tax Department.
What is an Excel Utility File?
With Excel-based Utility files, taxpayers can file their income tax return with ease electronically. The taxpayers can better understand the requirements IT departments need and use macros to file income tax returns with these utility files. For any technical issue, taxpayers can ensure help from CBDT-enabled ITR utility customer services and tax professionals.
Excel Utility of ITR-1 or Sahaj
“This is for individuals being a resident (other than not ordinarily resident) having total income up to Rs 50 lakh, having Income from salaries, one house property, other sources like interest etc.), and agricultural income up to Rs 5000.”
Excel Utility for ITR-4
“This is for Individuals, HUFs and Firms (other than LLP) being a resident having total income up to Rs 50 lakh and having income from business and profession, which is computed under sections 44AD, 44ADA or 44AE and agricultural income up to Rs 5000.”