CBDT has vide notification No. 21/2017 released ITR for Assessment Year 2017-18 / Financial Year 2016-17 and Same can downloaded from the link given at the end of the post. the number of ITR Forms have been reduced from the existing nine to seven forms. The existing ITR Forms ITR-2, ITR-2A and ITR-3 have been rationalized and a single ITR-2 has been notified in place of these three forms. Consequently, ITR-4 and ITR-4S (Sugam) have been renumbered as ITR-3 and ITR-4 (Sugam) respectively.
| Form No.: ITR-1 SAHAJ | For Individuals having Income from Salaries, one house property, other sources (Interest etc.) and having total income upto Rs.50 lakh
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Download |
| Form No.: ITR-2 | For Individuals and HUFs not carrying out business or profession under any proprietorship
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Download |
| Form No.: ITR-3 | For individuals and HUFs having income from a proprietary business or profession) (Please see rule 12 of the Income-tax Rules, 1962 | Download |
| Form No.: ITR-4-Sugam | For Presumptive Income from Business & Profession | Download |
| Form No.: ITR-5 | For persons other than,- (i) individual, (ii) HUF, (iii) company and (iv) person filing Form ITR-7 | Download |
| Form No.: ITR-6 | For Companies other than companies claiming exemption under section 11] | Download |
| Form No.: ITR-7 | For persons including companies required to furnish return under sections 139(4A) or 139(4B) or 139(4C) or 139(4D) or 139(4E) or 139(4F) | Download |
| Form No.: Acknowledgement | Acknowledgement | Download |
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
DEPARTMENT OF REVENUE
[CENTRAL BOARD OF DIRECT TAXES]
NEW DELHI
NOTIFICATION NO. 21/2017, Dated: March 30, 2017
S.O.1006(E).– 1. (1) These rules may be called the Income-tax (Fourth Amendment) Rules, 2017.
(2) They shall come into force with effect from the 1st day of April, 2017.
2. In the Income-tax rules, 1962 (hereinafter referred to as the principal rules), in rule 12,−
(a) in sub-rule (1),-
(I) in the opening portion, for the figures “2016”, the figures “2017” shall be substituted;
(II) in clause (a), in the proviso,-
(i) in sub-clause (II), the word “or” coming at the end shall be omitted;
(ii) after sub-clause (III), the following sub-clauses shall be inserted, namely:-
“(IV) has total income, exceeding fifty lakh rupees;
(V) has income taxable under section 115BBDA; or
(VI) has income of the nature referred to in section 115BBE;”;
(III) clause (b) and clause (ba) shall be omitted;
(IV) for clause (c), the following clause shall be substituted, namely:-
“(c) in the case of a person being an individual [not being an individual to whom clause (a) applies] or a Hindu undivided family where the total income does not include income derived from a proprietory business or profession, be in Form No.ITR-2 and be verified in the manner indicated therein;”;
(V) in clause (ca),-
(i) in the opening portion, for the words, figures and letters “business income and such income is computed in accordance with special provisions referred to in section 44AD and section 44AE of the Act for computation of business income, be in Form SUGAM (ITR-4S)”, the words, figures and letters ‘income under the head “Profits or gains of business or profession” and such income is computed in accordance with special provisions referred to in section 44AD, section 44ADA and section 44AE of the Act for computation of such income, be in Form SUGAM (ITR-4)’ shall be substituted;
(ii) in the proviso,-
(A) in sub-clause (II), the word “or” coming at the end shall be omitted;
(B) after sub-clause (III), the following sub-clause shall be inserted, namely:-
“(IV) has income taxable under section 115BBDA; or
(V) has income of the nature referred to in section 115BBE;”;
(VI) in clause (d),-
(i) the words, brackets and letter “clause (b)” shall be omitted;
(ii) for the words, letters and number “Form No. ITR-4” the words, letters and number “Form No. ITR-3” shall be substituted;
(b) in sub-rule (2), for the words, letters, brackets and number “Form SUGAM (ITR-4S) or Form No. ITR-4” the words, letters, brackets and number “Form SUGAM (ITR-4)” shall be substituted;
(c) in sub-rule (3), in the Table,-
(A) for serial number 1 and entries relating thereto, the following serial number and entries thereto shall be substituted, namely:-
| Sl. | Person | Condition | Manner of furnishing return of income |
| (i) | (ii) | (iii) | (iv) |
| “1 | Individual or Hindu undivided family | (a) Accounts are required to be audited under section 44AB of the Act; | Electronically under digital signature; |
| (b) Where total income assessable under the Act during the previous year of a person,-
(i) being an individual of the age of 80 years or more at any time during the previous year; or (ii) whose income does not exceed five lakh rupees and no refund is claimed in the return of income, and who furnishes the return in Form No. SAHAJ ITR-1 or Form No. SUGAM (ITR-4)
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(A) Electronically under digital signature; or
(B) Transmitting the data electronically in the return under electronic verification code; or (C) Transmitting the data in the return electronically and thereafter submitting the verification of the return in Form ITR-V; or (D) Paper form; |
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| (c) In any other case | (A) Electronically under digital signature; or
(B) Transmitting the data electronically in the return under electronic verification code; or (C) Transmitting the data in the return electronically and thereafter submitting the verification of the return in Form ITR-V;”; |
(d) in sub-rule (5), for the figures “2015”, the figures “2016” shall be substituted.
3. In the principal rules, in Appendix II,-
(a) for “Form Sahaj (ITR-1)”, the following Form shall be substituted, namely:- “Sahaj (ITR-1)”;
(b) for “Form ITR-2”, the following Form shall be substituted, namely:- “ITR-2”;
(c) “Form ITR-2A” shall be omitted;
(d) for “Form ITR-3” the following Form shall be substituted, namely:- “ITR-3”;
(e) for “Form ITR-4S”, the following Form shall be substituted, namely:- “Sugam (ITR-4)”;
(f) “Form ITR-4” shall be omitted;
(g) for “Form ITR-5”, the following Form shall be substituted, namely:- “ITR-5”;
(h) for “Form ITR-6”, the following Form shall be substituted, namely:- “ITR-6”;
(i) for “Form ITR-7”, the following Form shall be substituted, namely:- “ITR-7”;
(j) for “Form ITR-V”, the following Form shall be substituted, namely:- “ITR-V”.
F.No.370142/5/2017-TPL
(Dr. T S Mapwal)
Under Secretary to the Government of India
Note.- The principal rules were published in the Gazette of India, Extraordinary, Part-II, Section 3, Sub-section (ii) vide notification number S.O.969(E), dated the 26th March, 1962 and last amended by the Income-tax (Third Amendment) Rules, 2017, vide notification number S.O. No. 283(E), dated 23rd March, 2017.
Deduction u/s 80GG (house rent paid)for those not in receipt of HRA, is not included in ITR-1 form.
Sir,
NHAI and REC Capital Bonds expire on 31st March 2017. How about those who have just sold properties and wish to invest in such bonds to avail of capital gains exemption. Will the Govt come out with new Series of Bonds since the investments need to be made within 6 months of sale of property.