She added that the online mode will be quicker if all details are readily available, and the taxpayer is comfortable working directly on the tax filing portal. Radhika Viswanathan from Deloitte Haskins & Sells LLP, said, “Online or offline ITR is not a selection by random choice but depends on the taxpayers’ situation and associated factors.' The Excel utilities of these ITR forms for AY 2023-24 are available for filing. The income tax department recently released the offline ITR-1 and ITR-4 forms. Online ITR Vs Offline ITR: Which One Is For You? Radhika Viswanathan from Deloitte Haskins & Sells LLP tells what you should keep in mind while filing the income tax return for the assessment year 2023-24.

For example, ITR for 2022-23 (financial year) will be filed in 2023-24 (assessment year), starting April 1 until July 31. There might be confusion among the ITR filers between online ITR and offline ITR.

The ITR is filed for the previous financial year at the start of the new year. It is mandatory to file if your income is above Rs 2.50 lakh in a year. ITR For Assessment Year 2023-24: An income tax return or ITR is the yearly account of your income and investments shared with the government for tax purposes.

Download itr online