⚡ITR-1, ITR-4 Forms Released for AY 2025-26 with Key Simplifications

The Income Tax Department has notified ITR-1 and ITR-4 forms for the assessment year 2025–26, enabling individuals, Hindu Undivided Families (HUFs), and firms (excluding LLPs) with an annual income of up to INR 50 lakh to begin filing their income tax returns.