Income-tax returns, June 26 -- The income-tax department has released excel utility of its ITR-1 (Sahaj), ITR-2, ITR-3, and ITR-4 (Sugam) online forms for financial year 2025-26 i.e. assessment year 2026-27 and notified all ITR forms 1-5 for this tax year (FY26 / AY27).

Notably, availability of excel utility means that you can prepare your returns offline before uploading them digitally. Taxpayers have till 31 July to file their returns by logging into the e-filing portal with your User ID and password.

The types of income that shall not form part of ITR 1 form are as follows:

(a) Profits and gains from business and professions;

(b) Short term Capital gains;

(c) Long-term capital gain u/s 112A exceeding Rs.1.25 lakhs

(d) Income from...