ITR Filing Opens for AY 2026-27 As IT Department Enables ITR-1 And ITR-4

The Income Tax Department has enabled Excel utilities and online filing options for ITR-1 and ITR-4 forms for the assessment year 2026-27. This update was announced on May 15, 2026, through the official e-filing portal.

The activation marks the beginning of the annual income tax return filing season for individuals and small businesses. These two forms are among the most widely used for return filing in India.

Filing Opens for AY 2026-27

The availability of ITR-1 and ITR-4 enables taxpayers to begin submitting their income tax returns for the new assessment year. The e-filing portal now supports both online submission as well as Excel utility-based filing for these forms.

This rollout aligns with the department’s phased approach to enabling return forms each year. The filing window opens well in advance of the July 31, 2026, deadline for individuals not subject to audit.

Applicability Of ITR-1 (Sahaj)

ITR-1, also known as Sahaj, is designed for resident individuals with total income of up to ₹50 lakh. Eligible income sources under this form include salary, income from one house property, and other sources such as interest.

However, the form is not applicable to individuals who are classified as non-residents or not ordinarily residents. This makes ITR-1 suitable primarily for salaried taxpayers with relatively simple income structures.

Applicability Of ITR-4 (Sugam)

ITR-4, or Sugam, is intended for individuals, Hindu Undivided Families, and firms other than LLPs with income up to ₹50 lakh. This form is specifically for taxpayers who opt for the presumptive taxation scheme under sections 44AD, 44ADA, or 44AE of the Income Tax Act.

The presumptive scheme simplifies tax computation by allowing income declaration at prescribed rates. As a result, ITR-4 is commonly used by small businesses and professionals.

Filing Timeline and Phased Utility Release

The release of ITR-1 and ITR-4 utilities marks the initial phase of the return filing process for AY 2026-27. The deadline for filing returns for individuals not requiring tax audit is July 31, 2026.

The Income Tax Department typically enables different forms in stages based on taxpayer categories. Other return forms are expected to be made available gradually in the coming weeks.

Role Of ITR And Filing Requirements

An income tax return is a formal document through which taxpayers disclose details of income, deductions, and taxes paid. It also helps determine the overall tax liability for a financial year.

The choice of the appropriate ITR form depends on the taxpayer’s income profile, source of earnings, and category. Accurate selection and submission of the correct form are essential for compliance with tax regulations.

Conclusion

The enabling of ITR-1 and ITR-4 for AY 2026-27 marks the beginning of the income tax filing season. These forms cater to salaried individuals, small businesses, and professionals under specific income criteria.

The phased rollout of utilities ensures structured access to return filing options. Overall, the development reflects the annual progression of the tax compliance cycle in India.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.