Latin Manharlal Chat
BSE Prices delayed by 5 minutes...
     Prices as on Apr 19, 2021 - 4:01PM     
  ABB India 1393.9 [ 1.91% ]
  ACC 1876.85 [ -0.26% ]
  Axis Bank Ltd. 648 [ -3.19% ]
  Bajaj Auto Ltd. 3518.9 [ -3.21% ]
  Bank of Baroda 63.8 [ -5.20% ]
  Bharti Airtel 526.45 [ -2.61% ]
  Bharat Heavy Ele 44.05 [ -4.55% ]
  Bharat Petroleum 408.45 [ -1.33% ]
  Britannia Ind. 3729.7 [ 0.91% ]
  Cipla 946.6 [ 0.84% ]
  Coal India 124.65 [ -2.46% ]
  Colgate Palm. 1535.3 [ -2.18% ]
  Dabur India 569.85 [ -0.89% ]
  DLF Ltd. 236.8 [ -6.22% ]
  GAIL (India) Ltd. 136.5 [ -2.22% ]
  Grasim Inds. 1319.25 [ -2.51% ]
  HCL Technologies 996.85 [ -1.55% ]
  HDFC 2493.75 [ -3.10% ]
  HDFC Bank 1411.9 [ -1.16% ]
  Hero MotoCorp 2786.55 [ -3.70% ]
  Hindalco Indus. 361.45 [ -2.35% ]
  ICICI Bank 559.6 [ -1.24% ]
  IDFC L 44.75 [ -4.69% ]
  Indian Hotels Co 94.7 [ -4.34% ]
  IndusInd Bank 831.7 [ -3.89% ]
  Infosys 1362.6 [ 0.74% ]
  ITC Ltd. 205.6 [ -1.13% ]
  Jindal St & Pwr 414.15 [ -0.01% ]
  L&T 1310.8 [ -3.60% ]
  Lupin Ltd. 1061.45 [ 0.53% ]
  Mahi. & Mahi 794.7 [ -3.33% ]
  MTNL 15.35 [ -6.12% ]
  Nestle India 17081.25 [ -0.91% ]
  NIIT Ltd. 174.3 [ 1.43% ]
  NMDC Ltd. 137.8 [ -3.30% ]
  NTPC 99.1 [ -3.22% ]
  ONGC 103.1 [ -3.91% ]
  Punj. NationlBak 33.15 [ -4.88% ]
  Power Grid Corpo 201.15 [ -4.17% ]
  Reliance Inds. 1902.55 [ -1.63% ]
  SBI 331.25 [ -2.54% ]
  Vedanta 227.85 [ -1.70% ]
  Shipping Corpn. 98.95 [ -4.72% ]
  Sun Pharma. 640.3 [ -0.89% ]
  Tata Chemicals 731.85 [ -2.90% ]
  Tata Motors Ltd. 300.95 [ -2.89% ]
  Tata Steel 887 [ -0.29% ]
  Tata Power Co. 93.55 [ -3.71% ]
  Tata Consultancy 3163.1 [ -0.95% ]
  Tech Mahindra 996.5 [ -1.40% ]
  United Spirits 517.65 [ -0.29% ]
  Wipro Ltd 472.65 [ 0.72% ]

News Details

I-T Deptt launches offline utility for ITR 1, 4

Back
05/04/2021 18:19
The Income Tax Department has launched the offline utility for taxpayers filing ITR - 1 and 4 for 2020-21 fiscal year. The offline utility is available on the e-filing portal and is based on new technology “JSON” (JavaScript Object Notation), which is a light weight format for storing data.

The offline utility can be downloaded on computers with operating system Windows 7 or later versions.

“This Offline Utility is enabled only for ITR-1 and ITR-4. Other ITRs will be added in the utility in subsequent releases,” the department said, while releasing the step-by-step guide for its filing.

ITR Form 1 (Sahaj) and ITR Form 4 (Sugam) are simpler forms that cater to a large number of small and medium taxpayers. Sahaj can be filed by an individual having income up to Rs 50 lakh and who receives income from salary, one house property / other sources (interest etc).

ITR-4 can be filed by individuals, Hindu Undivided Families (HUFs) and firms with total income up to Rs 50 lakh and having income from business and profession.

I-T return filers can import and pre-fill the data from e-filing portal and can also fill the remaining data. Since the facility to upload ITR at the e-filing portal is not yet enabled, filers can fill and save the offline utility.

“Once filing is enabled, you can upload the same at e-filing portal,” the I-T department added.

Through the offline utility, taxpayers shall have to download the pre-filled data from the income tax e-filing portal and import the same on the new utility, which enables users to edit and save returns, pre-filled data and profile data.

Nangia Andersen India Director Neha Malhotra said the new utility is a user-friendly functionality for filing of returns and will afford greater ease to the taxpayers.

“The utility itself provides help in the form of FAQs, guidance notes, circulars and provisions of the law so as to enable hassle-free return filing. The government"s efforts, to build a favourable tax regime for taxpayers cannot be disregarded. Augmenting simplicity and removing impediments will go a long way in increasing compliance and facilitating good governance,” Malhotra added.

Last week, the I-T department had notified forms for filing tax returns for 2020-21.