CBDT releases Income Tax Return forms for A.Y. 2019-20

CBDT releases Income Tax Return forms for A.Y. 2019-20

April 5, 2019 Fiscal, Industries, states 0

Central Board of Direct Taxes (CBDT) has issued Notification No.32/2019 to notify the new Income Tax Return (ITR) Forms for Assessment Year 2019-20.

The description for each form are laid in the below table:

Sl No. ITR Particulars
1 ITR-1-Sahaj
  1. Individuals being a resident other than not ordinarily resident having total income upto Rs.50 lakh, having   Income from Salaries, one house property, other sources (Interest etc.), and agricultural income upto Rs.5 thousand.
  2. Not for an Individual who is either Director in a company or has invested in unlisted equity shares.
2 ITR-2 For Individuals and HUFs not having income from profits and gains of business or profession
3 ITR-3 For Individuals and HUFs having income from profits and gains of business or profession
4 ITR-4-Sugam
  1. For Individuals, HUFs and Firms (other than LLP) being a resident having total income upto Rs.50 lakh and having income from business and profession which is computed under sections 44AD, 44ADA or 44AE (Presumptive Taxation Scheme)
  2. Not for an Individual who is either Director in a company or has invested in unlisted equity shares.
5 ITR-5 For persons other than-

a)            Individual,

b)            HUF,

c)            Company and

d)            Person filing Form ITR-7

6 ITR-6 For Companies other than companies claiming exemption under section 11
7 ITR-7 For persons including companies required to furnish return under sections 139(4A) or 139(4B) or 139(4C) or 139(4D) only
8 ITR-V ITR Acknowledgement

For further information please refer the attached document.

Source: E – Gazette

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