The Income-tax Department has notified ITR Forms for A.Y 2019-20. The forms introduced seek more details as compared to previous years. Below is a list of changes brought in ITR Forms in simplified form including additional details required under each category of taxpayer.

Also Read- CBDT notifies ITR for A.Y. 2019-20 / F.Y. 2018-19 and Provisions relating to return of income under Income Tax Act, 1961-

In case of Individuals/HUFs not having BUSINESS INCOME
SALARY INCOME
1. • Name of employer

• Type of employment- whether, Govt, PSU, Private or Pension?

• Address of Employer with Pin code

TAN of employer (mandatory)

Monthly breakup detail of salary

PLEASE NOTE: Standard deduction of Rs. 40,000/- from salary income available from this year onwards
INCOME FROM HOUSE PROPERTY
2. In case the property is let out during the year –

• Name of the tenant

• PAN of the tenant (if tax deducted u/s 194-IB)

• TAN of the tenant (if tax deducted u/s 194-I)

INCOME FROM CAPITAL GAIN
3. In case you have sold any immovable property during the year 2018-19,

• Name of Buyer

• PAN of buyer (if the tax is deducted u/s 194-IA)

• Percentage share (if more than one buyer)

• Amount

• Address of property

• Pin code

• Fair Market Value as on 01.04.2001 (in case property is purchased before 01.04.2001)

• Stamp Duty Value as on date of sale

4. In case of sale of shares (purchased before 31.01.2018)

• Date of purchase

• Cost of acquisition

• Whether STT is paid or not?

• Whether shares sold are listed or not?

• Date of sale

• Sale consideration

• Fair market value as on 31.01.2018 (in case the share is held for more than one year)

DEDUCTION U/S 80C, 80D, 80G ETC.
5. In case of donations made under section 80G or 80GGA,

• Name and address of done

• PAN of done

• Amount of donation in cash (not in excess of Rs. 2000/-)

• Amount of donation in cheque

• Relevant clause under which deduction is claimed

PLEASE NOTE:

1. Get your return of income filed within due date else no deduction u/s 80C (LIC, PPF, tuition fees etc.),80D (Mediclaim), 80TTA (interest on savings bank account), 80G (donations), 80IA, 80IAB, 80IB,80IC,80ID will be available.

2. Deduction u/s 80TTB available to senior citizens upto Rs. 50,000/- on interest earned from deposits with banks. (Rs. 10,000 for other individuals u/s 8oTTA)

OTHER DETAILS REQUIRED
6. Details about Residential status

• No. of days you were in India in FY 2018-19

7. Details about Agriculture Income (In case your agricultural income exceeds Rs. 5,00,000/-)

• Name of district along with pin code in which agricultural land is located

• Measurement of agricultural land in Acre

• Whether the agricultural land is owned or held on lease?

• Whether the agricultural land is irrigated or rain-fed?

In case of Individuals / HUFs having BUSINESS INCOME including PARTNERSHIP FIRMS & COMPANIES
8. GST Details

• GSTIN No.

• Annual Turnover as per the GST return

9. Partnership Firm Details

• Name of the firm

• PAN No. of firm

• Whether the firm is liable for tax audit?

• Whether the firm is liable for transfer pricing audit?

• Profit sharing ratio in firm

• Share of profit from firm

• Capital balance as on 31st March 2019 in the firm

10. Directorship details

• Name of Company in which you are director

• PAN No. of Company

• Whether shares of the company are listed or unlisted?

• Your DIN No.

11. Shareholding Details (In case you held unlisted equity share at any time during FY 2018-19)
Shareholding Details in ITR
In case of Individuals/HUFs /Firms and Companies required to furnish Profit & Loss Account and Balance Sheet
12. In case you are required to furnish P&L account and Balance sheet for the year, you need to furnish your P&L account in 3 parts-

• Manufacturing account

• Trading account

• Profit & Loss account

13. In case there of bad debts of more than Rs. 1 lakh in respect of a debtor

• Name of the debtor

• Address of the debtor

• PAN of the debtor

14. In case of income from speculative activities,

• Turnover from speculative activities

• Gross Profit

• Expenditure

• Net Income from speculative activities

15. In case of audit under any other Act like, Companies Act or GST Act

• Relevant Act under which audit required

• Date of furnishing of audit report

FOR COMPANIES ONLY
16. Reporting of Shareholding and Assets and Liabilities by unlisted companies as per Annexure SH-1/2 and AL-1/2 of the ITR Forms

Author Bio

Qualification: CA in Practice
Company: Sonakshi Agarwal & Co.
Location: Agra, Uttar Pradesh, IN
Member Since: 26 Apr 2019 | Total Posts: 3

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6 Comments

  1. SURAJ KASLIWAL says:

    There is mistake in Article please delete the Part where you are trying to say
    PLEASE NOTE:
    1. Get your return of income filed within due date else no deduction u/s 80C (LIC, PPF, tuition fees etc.),80D (Mediclaim), 80TTA (interest on savings bank account), 80G (donations), 80IA, 80IAB, 80IB,80IC,80ID will be available.

    As per the below link of article it has been misunderstood by many professionals – https://taxguru.in/income-tax/section-80c-deduction-can-be-claimed-despite-late-return-filing-do-not-fall-for-rumours.html

    Kindly rectify your article accordingly. Thank You

  2. ANJALI YADAV says:

    IS THIS STATEMENT CORRECT?

    PLEASE NOTE:

    1. Get your return of income filed within due date else no deduction u/s 80C (LIC, PPF, tuition fees etc.),80D (Mediclaim), 80TTA (interest on savings bank account), 80G (donations), 80IA, 80IAB, 80IB,80IC,80ID will be available.

  3. VIPAN KUMAR VERMA says:

    I am under 30% Tax slab, Is all income from Lic are tax-free. Kindly advise me at the urgent.I am very confused now if 30% tax deposited by me very much loss in LiC samaridhi plan I hold these units more than 7 years
    secondly, I have no own house. retired on 31.08.2018 paid house Rent can I get HRA rebate u/s 80 GG.REMAINING SEVEN MONTHS. AFTER RETIREMENT.

  4. VIPAN KUMAR VERMA says:

    dear man continue from first comments
    I am under 30% Tax slab, Is all income from Lic are tax-free. Kindly advise me at the urgent.I am very confused now if 30% tax deposited by me very much loss in LiC samaridhi plan I hold these units more than 7 years

  5. VIPAN KUMAR VERMA says:

    +.
    Dear Mam
    I invested Rs. one lac in Single Premium of LIC Samradhi Plus as on May 2011 with insurance cover Rs.1.25 lac for the period of 10 years. But I repurchased the ALL the Units of Samadhi Plus on Nav basis during the month of Sep.2018. LIC Paid /transferred the full amount into my Saving Bank a/c Rs.191572/- through RTGS without intimating TDS deducted on them. When I saw my 26AS LIC show Income for the year 2018 Rs.193507/- & deducted 1% TDS Rs.1935/- on LIC Samridhi plus units. Now my question that What Income I shall take into MY ITR F.Y.2018-19 is the intial premium paid exempted from ITR, as Lic shows Full amount full inmcome in 26AS including premium as income for the year 2018. Or under whic section I shall get exemption or deduction. I am retired from PSU this year on 31.08.2018 & under 30% TDS slab.

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