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Navin Agicha

SOME IMPORTANT CHANGES IN ITR 1, ITR 2, ITR 2A AND ITR 4S IN AY 2015-16 AS NOTIFIED IN NOTIFICATION NUMBER 49/2015 DATED 22.06.15:-

CBDT has vide Notification No. 49/2015 Dated 22.06.2015 notified Form ITR-1, ITR-2 and ITR-4S for Assessment Year 2015-16 (Financial Year 2014-15). The Notification also made Several Change in Rule 12 of Income Tax Rules, 1962.

ITR WISE CHANGES IN AY 2015-16 ARE AS FOLLOWS:-

ITR-1

  • Introduction of AadharCard Number in ITR. (Those Who Give Aadhar Card Details, They also have to Send ITR V because at present OTP system is not implemented).
  • NotApplicable for those having agricultural more than Rs. 5000/- (If agricultural Income exceeds Rs. 5000/- then they have to use ITR 2 or 2A)
  • Not Applicable for those who have income from Capital Gains.
  • Bank Account in which any Refund will be credited.
  • All Bank Accounts held during year(Excluding Dormant account) (Details Required are as follows :- IFSC Code, Name of Bank,Account Number, Type of Account)

ITR-2

  • Introduction of Aadhar Card Number in ITR. (Those Who Give AadharCard Details, They also have to Send ITR V because at present OTP system is not implemented).
  • Option of Giving Two Email ID’s
  • Option to give Passport Number
  • Details of Any Assets from located outside india, Signing authority in any account located outside india, income from any source from outside india.
  • Details of Amount Utilized and Unutilized in Capital Gain Account Scheme
  • Details for Non Resident relating to STCG
  • Details for Non-Residents- STCG not chargeable to tax in India as per DTAA ( Details required like Country name, Article of DTAA, Weather TRC Obtained?)
  • Details for Non Resident relating to LTCG
  • Income From Other Sources for Non Resident ( Details required like Country name, Article of DTAA,Rate of DTAA, Weather TRC Obtained?)
  • Bank Account in which any Refund will be credited.
  • All Bank Accounts held during year(Excluding Dormant account) (Details Required are as follows :- IFSC Code, Name of Bank, Account Number, Type of Account)

ITR-2A

  • Introduction of Aadhar Card Number in ITR. (Those Who Give AadharCard Details, They also have to Send ITR V because at present OTP system is not implemented).
  • Option of Giving Two Email ID’s
  • Option to give Passport Number
  • Bank Account in which any Refund will be credited.
  • All Bank Accounts held during year(Excluding Dormant account) (Details Required are as follows :- IFSC Code, Name of Bank, Account Number, Type of Account)

ITR 4S

  • Introduction of Aadhar Card Number in ITR. (Those Who Give AadharCard Details, They also have to Send ITR V because at present OTP system is not implemented).
  • Not Applicable for those having agricultural more than Rs. 5000/- (If agricultural Income exceeds Rs. 5000/- then they have to use ITR 4)
  • Not Applicable for those who have income from Capital Gains.
  • Bank Account in which any Refund will be credited.
  • All Bank Accounts held during year(Excluding Dormant account) (Details Required are as follows :- IFSC Code, Name of Bank, Account Number, Type of Account)

(Author can be reached at agicha.navin@gmail.com)

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0 responses to “Important Changes in ITR 1, ITR 2, ITR 2A & ITR 4S in AY 2015-16”

  1. ravish says:

    i have submitted ITR-I, but need to modify income now. how to do it. pls reply ASAP.

    how would i get acknowlegge number?

  2. Vipin Bansal says:

    I have saving bank a/c in India Post office. It is not having IFSC Code. what should I do

  3. S P Singh says:

    Dear Sir,

    I have wrongly mentioned my Aadhar No. in Passport no. column in ITR 4. Is it necessary to send correction to IT department through e-filing. Kindly guide me. Though I am submitting ITR-V separately.

    Thanks and regards,

    S P Singh

  4. SANDEEP says:

    IS IT MANDATORY TO DISCLOSE PASSPORT NUMBER IN RETURN

  5. Bishwajit says:

    Hi,

    I have one house jointly with spouse and another is under construction have few questions kindly answer:-

    1) 1st house is self occupied and I am claiming tax benefit for the same but second house is under construction for last 4 years with loan from SBI.I am paying interest and now they have started deducting principal amount as well.Am i eligible for tax benfit for second house?

    2) Which form shall I fill for filing tax return in above case?

  6. SB says:

    Response :

    The bank accounts do not match is because there is a field on top saying = How many bank accounts? You will have 1 account where you will expect refund if any. Then there are say N other accounts. In the space for How many bank accounts, you need to enter 1 + N. Most likely our total count does not match.

    Also, if you type the IFSC code, the Java software will automatically supply the bank name because the first 4 characters are unique to each bank. Do not enter the bank name by hand.

    Lastly, I prefer to use the Java or Excel utilities, rather than direct online submission. You do not need to be connected to the internet all the time, there is no session time out, and you can come back, revisit your return as many times as you want, before you have verified it and are happy to submit it.

  7. G C Dabral says:

    Sir
    I am in merchant navy and had been maintaining NRE/NRI status ie employed more tan 184 days abroad.
    I had been filing ITR 1 so far.
    I have taken possession of second house in sept 2014.
    Kindly advise, which form should I file return.

  8. chetan says:

    FOR SMALL BUSINESS,PROFESSION WHICH FORM IS FILLED.IS IT IS FORM 4S OR FORM 5.

  9. Varaprasad Daitha says:

    08-07-2015

    Sir,

    I have been filing the returns of income online for the past 4 years. Today while trying to file the return of income of my daughter-in-law in form No. 4S (as in previous year), I have filled all her bank accounts in the two banks i.e. SBH and ICICI. When clicked submit button, the message was that “the bank accounts did not match”. I had not declared the RD accounts and TDR accounts in SBH.

    The point is that whether the RD and TDR accounts are also to be declared. I have no objection to declare even these accounts.

    Please advise me. I am not a regular tax practitioner and I shall use this information for family members filing only.

    Yours truly,

  10. anjaneyulu says:

    I have filed the IT return – ITR – 1 with wrong details of advance tax paid and uploaded the return. Pl advise how to send the revised ITR and which form to be selected so as to send correct information.

  11. sunil says:

    Very confusing article batter not to post. In all cases not applicable if agriculture income >5000/- .Mistake in copy/paste resulted in confusing artilce

  12. NAVIN AGICHA says:

    FOR SANDEEP KUMAR, THERE IS NO PROBLEM IN 80G WHILE ADDING ROWS, I HAVE CHECKED IT, AND I WILL SUGGEST YOU TO ENABLE MICROS OR DOWNLOAD ITR4S AGAIN.

  13. NAVIN AGICHA says:

    ABOVE I HAVE MENTIONED ABOUT OPT SYSTEM , BUT THAT IS STILL NOT IMPLEMENTED BY INCOME TAX, SORRY FOR INCONVENIENCE. AT PRESENT PROCEDURE IS SAME AS EARLIER EVEN AFTER MENTIONING AADHAR CARD, NO OTP WILL BE PROVIDED AND ITR V IS REQUIRED TO BE SENT TO BANGALORE WITHIN 120 DAYS.

  14. M K SRIDHARN says:

    Sir, I am presently staying in USA and have no mobile but I have aadhar number
    Whether the department will send OTP through e mail or whether I can generate
    ITRV and post it. What is the position of residents who had come abroad?

  15. SANDEEP KUMAR says:

    I AM TRYING TO ADD DONATION IN 80 G COLUMN . BUT IT CAN NOT MODIFIED . ANY UPDATE ABOUT DONATION UPDATE IN ITR.

  16. VINODKUMAR PANPALIYA says:

    PLEASE CORRECT AGRI.INCOME LINE IN ITR 2 AND ITR2A

  17. NAVIN AGICHA says:

    for Sarveshwar Mundra,
    Sir, It there is agricultural income more than 5000 and suppose there is any capital gain or any international transaction, then ITR 2 is required to be filled.
    and IF there is agricultural income more than 5000 and no other income which required ITR 2 necessary then ITR 2A is required to be filled.
    And IF agricultural income is less then or equal to Rs 5000/- and other income which can be filled in ITR 1 then ITR 1 is required to be filled.

  18. Mahes Ray says:

    My query is same as that of Mr. Sarveshwar Mundra.

  19. sarveshwar mundra says:

    Sir,
    why you delete my comment requiring clarification.

  20. sarveshwar mundra says:

    Please clarify in ITR 2 and ITR 2A regarding point – Not Applicable for those having agricultural more than Rs. 5000/-( they have to use ITR 2 or 2A )

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