Income Tax Returns Classes ITR 1 and 4 – 22/07/2025

(A)  ITR-1, also known as Sahaj, is the Income Tax Return form used by individual taxpayers in India. If you’re looking for class or training-related topics on ITR-1, here’s a well-organized list of subjects you can cover. These are useful for teaching or learning about filing ITR-1:

📘 Basics of ITR-1

1. What is ITR-1 (Sahaj)?

2. Who can file ITR-1?

3. Who cannot file ITR-1?

4. Difference between ITR-1 and other ITR forms

5. Eligibility Criteria for ITR-1

📄 Structure of ITR-1 Form

1. Part A: General Information

2. Part B: Gross Total Income

3. Part C: Deductions and Taxable Total Income

4. Part D: Tax Computation and Tax Status

5. Verification Section

6. Schedule DI – Details of Investments

7. Schedule 80D (Health Insurance Deductions)

💰 Sources of Income Covered Under ITR-1

1. Income from Salary / Pension

2. Income from One House Property

3. Income from Other Sources (e.g., interest)

4. Exempt Income (e.g., PPF interest, tax-free bonds)

🧾 Deductions and Exemptions

1. Section 80C (LIC, PF, ELSS, etc.)

2. Section 80D (Health Insurance)

3. Section 80TTA / 80TTB (Interest from Savings A/C)

4. Section 80G (Donations)

5. Other deductions (80CCD, 80E, etc.)

🖥️ How to File ITR-1

1. Filing ITR-1 Online (via e-Filing portal)

2. Pre-filled ITR Forms – Benefits and Verification

3. Using Aadhaar OTP / EVC / DSC for Verification

4. Steps to file through Income Tax Website

📅 Important Dates and Deadlines

1. ITR Filing Due Dates

2. Revised Return

3. Belated Return

4. Late Fees under Section 234F

⚠️ Common Mistakes to Avoid

1. Mismatch in Form 16 and Form 26AS

2. Incorrect Bank Details

3. Not declaring exempt income

4. Failing to verify return

📑 Documents Required

1. Form 16 / Salary Slip

2. Form 26AS & AIS

3. Bank Interest Certificates

4. Investment Proofs for Deductions

5. Aadhaar and PAN

🧮 Tax Calculation in ITR-1

1. Old vs New Tax Regime (from AY 2021-22)

2. Rebate under Section 87A

3. TDS and Advance Tax

🔁 After Filing ITR

1. E-verification Methods

2. Checking ITR Status

3. Refund Status and Processing

4. Rectification / Revised Return

(B) Here’s a structured list of ITR-4 (Sugam) class-related topics for training, workshops, or self-study. ITR-4 is used by individuals, HUFs, and firms (other than LLPs) who have presumptive income from business or profession.

🧾 ITR-4 (Sugam) Class Topics

📘 1. Introduction to ITR-4

• What is ITR-4 (Sugam)?

• Applicability: Who can file ITR-4?

• Inapplicability: Who cannot file ITR-4?

• Difference between ITR-1 and ITR-4

• Meaning of Presumptive Income

🧑‍💼 2. Eligibility Criteria for ITR-4

• Individuals, HUFs, and Firms (except LLPs)

• Income under Sections 44AD, 44ADA, and 44AE

• Total income up to ₹50 lakhs

• Income from one house property, salary/pension, other sources

📊 3. Presumptive Taxation Schemes

• Section 44AD: Business income (8%/6%)

• Section 44ADA: Professionals (50% of gross receipts)

• Section 44AE: Income from goods carriages

• Benefits and limitations of presumptive taxation

📄 4. Structure of ITR-4 Form

• Part A: General Information

• Part B: Gross Total Income

• Part C: Deductions and Taxable Income

• Part D: Tax Computation and Status

• Schedule BP: Business/Profession Details

• Schedule 80G, 80D, 80GGA etc.

• Schedule AL (Assets & Liabilities) — if applicable

• Schedule IT, TCS, TDS1, TDS2

🧮 5. Income Sources Covered

• Income from Business (Presumptive)

• Income from Profession (Presumptive)

• Salary or Pension

• Income from One House Property

• Income from Other Sources (e.g., bank interest)

📉 6. Deductions under Chapter VI-A

• Section 80C to 80U (LIC, PPF, 80D, 80G, etc.)

• Section 80JJAA (for new employment – business case)

• Rebate under Section 87A

• Tax regime selection: Old vs New (Section 115BAC)

🧾 7. Documents Required for Filing

• PAN, Aadhaar, Bank Details

• Business turnover/receipts summary

• Professional receipts (if 44ADA)

• Details of assets (if applicable)

• TDS Certificates, Form 26AS, AIS/TIS

🧠 8. Important Concepts to Teach

• Gross Receipts vs Turnover

• Calculation of Presumptive Income

• Books of Accounts: When not required

• Audit requirement when not opting for presumptive scheme

• Advance Tax in presumptive taxation

💻 9. Filing Process of ITR-4

• How to file on the Income Tax Portal

• Pre-filled data and manual input

• Using Aadhaar OTP, EVC, or DSC for verification

• Downloading ITR-V and e-verification

🧯 10. Common Mistakes and Errors

• Wrong Section selection (44AD vs 44ADA)

• Mismatch in turnover and bank entries

• Not opting in/out properly for presumptive income

• Missing Schedule AL for higher income

• Not verifying ITR

🗓️ 11. Key Due Dates and Penalties

• Filing due dates for individuals and firms

• Late filing fee under Section 234F

• Interest under Section 234A/B/C

• Revised Return and Belated Return

🏁 12. Post Filing Activities

• E-verification methods

• Refund tracking

• Rectification of errors

• Compliance notices and responses