Income tax return filing for AY 2026-27 begins: ITR-1 & ITR-4 filing now live on e-filing portal

Income tax return filing for AY 2026-27 begins: The income tax department has enabled both the Excel utility and online filing for ITR-1 and ITR-4 for Assessment Year 2026-27, making it easier for taxpayers to submit their returns. The facilities are now live on the official e-Filing portal, allowing individuals and small business owners to complete their tax filings efficiently.

Taxpayers using ITR-1, which is meant for salaried individuals and pensioners, and ITR-4, applicable for certain businesses and professionals under the presumptive taxation scheme, can now access the forms online or download the Excel utility for offline preparation.

“Attention taxpayers! The Excel utility and Online filing for ITR-1 and ITR-4 for AY 2026-27 has been enabled and is now available for taxpayers on the e-Filing portal.,” tax department posted on social media platform X.

What Is ITR-1?

However, ITR-1 cannot be used in certain cases. For example, if you have capital gains, income from a business or profession, agricultural income above ₹5,000, more than one house property, or foreign income/assets, this form is not applicable.

What Is ITR-4?

ITR-4, also known as Sugam, is designed for individuals, Hindu Undivided Families (HUFs), and certain firms (excluding LLPs) whose income does not exceed ₹50 lakh and who choose the presumptive taxation scheme.

ITR-4 is not suitable for taxpayers with foreign income or assets, more than one house property, capital gains, or those who maintain regular accounting books instead of opting for presumptive taxation.

ITR filing due date 2026