Income Tax Department notifies ITR forms 1, 4 for assessment year 2025

The Income Tax Department has notified ITR forms 1 and 4 for assessment year (AY) 2024-25. Individuals and entities with annual total income of up to Rs 50 lakh can start filing returns for the income earned this financial year. ITR Form 1 (Sahaj) is for a resident individual having income of up to Rs 50 lakh, while ITR Form 4...