JSON Schema for ITR 1 and ITR 4 got released

The Income Tax Department has released the JSON Schema of ITR 1 and ITR 4 for AY 2023-24 (FY 2022-23) on 11th April 2023.

To whom is ITR 1 applicable?

Individuals who are residents (other than ordinarily resident) and have a total income of up to Rs.50 lakh from salaries, one house property, other sources (interest, etc.), and agricultural income of up to Rupees Five thousand are eligible for the ITR-1 form. 

To whom is ITR 4 applicable?

Individuals, HUFs, and Firms (other than LLP) who are residents and have a total income of up to Rs.50 lakh, income from business and profession computed under sections 44AD, 44ADA, or 44AE, and agricultural income of up to Rupees Five thousand are eligible for the ITR-4 form.