ITR-1 Sahaj vs ITR-2/ITR-4 Sugam, e-Filing portal, July 31 deadline, Section 234F penalties & ITR-V download
Visit Official Portal →💡 An Income Tax Return (ITR) is an annual statutory statement filed electronically on incometax.gov.in under Section 139 of the Income Tax Act 1961 declaring gross income, deductions, taxes paid, and claiming refunds. Non-audit individual taxpayers must file by July 31st using pre-filled AIS data and mandatorily e-verify within 30 days via Aadhaar OTP.
Instant e-filing submission | CPC Bangalore Intimation under Section 143(1) and Tax Refund credit: 15–45 working days
100% Free on incometax.gov.in | Late filing fee under Section 234F: ₹1,000 (if total income ≤ ₹5 Lakh) or ₹5,000 (if total income > ₹5 Lakh)
Every resident/NRI individual earning taxable income or meeting statutory criteria under Section 139(1) (electricity bills > ₹1 Lakh, foreign travel expenditure > ₹2 Lakh, bank deposits > ₹50 Lakh)
All individuals, professionals, and businesses whose gross total income exceeds the basic exemption limit (under Old or New Tax Regime), individuals holding foreign assets, claiming tax refunds, applying for home/car loans, or seeking overseas visas
Sign in using your 10-digit PAN and secure password. Download your Annual Information Statement (AIS) and Taxpayer Information Summary (TIS) from the 'Services' tab.
Choose ITR-1 Sahaj (salary, 1 house property, income < ₹50L), ITR-2 (capital gains, multiple properties, foreign assets), ITR-3 (business/professional income), or ITR-4 Sugam (Section 44AD/44ADA presumptive taxation).
Verify pre-filled salary from Form 16, interest from bank FDs/savings accounts, dividends, and LTCG/STCG capital gains.
Select the default New Tax Regime (Section 115BAC) or opt out to Old Tax Regime to claim Chapter VI-A deductions (80C, 80D, HRA, home loan interest under Section 24b).
Review final computation. Pay any remaining self-assessment tax via e-Pay Tax or review the calculated tax refund amount.
Submit return and immediately e-verify using Aadhaar OTP, Net Banking, or Demat EVC. Returns not e-verified within 30 days are declared legally invalid (Null & Void).
How to file a Revised Return under Section 139(5) to fix errors in your filed ITR:
Sign in at incometax.gov.in and go to 'e-File > File Income Tax Return'.
Provide the original 15-digit ITR-V Acknowledgment Number and Date of Original Filing.
Update missing deductions, correct salary/interest entries, and re-compute tax.
Submit and e-verify the revised return before the statutory December 31st deadline.
Download an official ITR-V Acknowledgment and Intimation Order PDF:
Sign in using your PAN and password.
Navigate to 'e-File > Income Tax Returns > View Filed Returns'.
Click 'Download Receipt' for the ITR-V Acknowledgment and 'Download Form' for the complete filled return.
Download the CPC Bangalore processing order confirming refund credit or nil demand.
Track your ITR processing and tax refund credit status online:
Go to incometax.gov.in and click 'Income Tax Return (ITR) Status' under Quick Links.
Input your 15-digit ITR-V Acknowledgment ID.
Check whether your return is 'Successfully e-Verified', 'Under Processing at CPC', or 'Refund Processed and Transmitted via NECS/RTGS'.
1) ITR-1 (Sahaj): For resident individuals with total income up to ₹50 Lakh from salary, one house property, and other sources (interest). 2) ITR-2: For individuals/HUFs not having business income, but having capital gains (shares/property), foreign assets/income, or owning multiple properties. 3) ITR-3: For individuals running businesses or independent professionals (doctors, lawyers, consultants). 4) ITR-4 (Sugam): For small businesses and professionals declaring presumptive income under Section 44AD, 44ADA, or 44AE with turnover up to ₹2 Crore (or ₹75 Lakh for professionals).
The statutory deadline for non-audit individual taxpayers is July 31st of the assessment year. If filed after July 31st (Belated Return under Section 139(4) up to December 31st), a mandatory late fee under Section 234F is levied: ₹1,000 if total taxable income is up to ₹5 Lakh, and ₹5,000 if total taxable income exceeds ₹5 Lakh, along with 1% per month interest under Section 234A.
1) Log into incometax.gov.in. 2) Go to 'e-File > Income Tax Returns > View Filed Returns'. 3) Click on 'Download Receipt (ITR-V)' against the relevant Assessment Year to save the official password-protected PDF (Password is your PAN in lower case + Date of Birth in DDMMYYYY format).
Under Section 87A of the Income Tax Act, resident individuals with taxable income up to ₹5 Lakh (under Old Regime) or up to ₹7 Lakh (under the default New Tax Regime) receive a full tax rebate, reducing their net income tax payable to ₹0 (Zero).
The AIS is a comprehensive financial ledger maintained by the Income Tax Department that aggregates high-value transaction data reported by banks, stock exchanges, mutual fund houses, and registrars (including savings interest, stock sales, dividend payouts, and vehicle/property purchases). Cross-verifying your ITR figures against the AIS prevents automated tax demand notices.
Visit the official government portal to start your application
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