itr 1

Income Tax Returns (ITRs)-Forms and Due Dates

Income Tax - EXTENSION OF DUE DATES  Central Board of Direct Taxes (CBDT), through its Circular No. 17/2021, dated September 9, 2021, has extended the due date for filing Income Tax Returns (ITRs) for Assessment Year 2021-2022 (Financial Year 2020-2021). The said extension of time lines for income tax returns and audit reports (wherever applicable) h...

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All about ITR-1(SAHAJ)

Income Tax - ITR-1 (SAHAJ) This return is applicable for a Resident Individual (other than Not Ordinarily Resident) having Total Income from any of the following sources up to Rs. 50 lakhs 1. Salary/Pension 2. One House Property 3. Other sources (Interest, Family Pension, Dividend etc.) 4. Agricultural Income up to Rs. 5,000 Note: ITR-1 cannot be use...

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ITR Forms applicable for individuals for AY 2021-2022

Income Tax - Recently, the Central Board of Direct Taxes (CBDT) in April 2021 notified new ITR forms for the financial year 2021-2022. Later in May 2021, they extended the timeline for submitting direct tax compliances for the current financial year.   In India, every individual has to file for income tax returns i.e. ITR in every financial year. [&...

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Solution to Problems of New Income Tax Portal

Income Tax - Government released New ITR filing portal on 7th June, 2021 for improving efficiency of IT Portal, best user interface and better user services. However, since the day of its launch, portal is facing many problems/errors like unable to File ITR on New Portal, unable to do EVC (E-verify) of ITR, non launching of schema of […]...

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ITR 1 and ITR-2 for A.Y 2021-22

Income Tax - ITR 1 and ITR 2 filing for A.Y 2021-22 : Hello readers, my friends requested to write an article on ITR 1 and ITR 2 filing as we all know we have to file our Income tax returns till 30.09.2021- It is very important to choose correct form based on our income, exemptions, residential status […]...

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Rule 12 of Income Tax Rules wef 01.04.2021 | ITR | AY 2021-22

Income Tax - Taxguru Team compiled Rule 12 of Income Tax Rules considering amendment vide Notification No. 21-2021/Income Tax Dated 31st March, 2021 and Notification No. 82/2021-Income Tax | Dated: 27th July, 2021 for ready reference of our readers. Changes are Marked in Red Coloure. Revised Rule 12 of Income Tax Rules are applicable from 01.04.2021 ...

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Instructions for filling ITR-6 For A.Y. 2021-22 | F.Y. 2020-21

Income Tax - These instructions are guidelines for filling the particulars in Income‐tax Return Form‐6 for the Assessment Year 2021‐2 relating to the Financial Year 2020‐21. In case of any doubt, please refer to relevant provisions of the Income‐tax Act, 1961 and the Income tax Rules, 1962. 1. Assessment Year for which this Return Form is ap...

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Instructions for filling ITR-1 SAHAJ For A.Y. 2021-22 | F.Y. 2020-21

Income Tax - Instructions for filling ITR–1 SAHAJ For A.Y. 2021–22\ F.Y. 2020-21 General Instructions These instructions are guidelines to help the taxpayers for filling the particulars in Income-tax Return Form-1 for the Assessment Year 2021-22 relating to the Financial Year 2020-21. In case of any doubt, please refer to relevant provisio...

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ITR-1–Validation Rules for AY 2021-22

Income Tax - ITR 1 – Validation Rules for AY 2021-22 Version 1.0 2nd April 2021 Directorate of Income Tax (Systems) E-2, A.R.A. Centre, Ground Floor Jhandewalan Extension New Delhi – 110055 Document Revision List Document Name: ITR 1 – Validation Rules for AY 2021-22 Version Number: 1.0 Revision Details Version No. Revision Date Revision Descrip...

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How to download/Install ITR-1 & ITR-4 Offline utility for AY 2021-22

Income Tax - Introduction to ITR Offline utility Assessment Year 2021-22 ITR-1 and 4* * Enabled for ITR-1 & 4 as of now Steps to Download and install Offline Utility and fill the same Let us understand the execution steps for ITR 1 & ITR 4……. Step by Step Guide – Download & Install Offline Utility Step 1 […]...

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AO deemed to have applied his mind if facts are on record

CIT, Delhi Vs. M/s. Kelvinator of India Limited (Supreme Court of India) - In CIT Vs Kelvinator of India Ltd. 256 ITR 1 the Full Bench of the Delhi High Court was considering a case of reopening u/s 147 within 4 years from the end of the assessment year. The Court held that when a regular order of assessment is passed in terms of section 143 (3) of the Act, a presumption c...

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CBDT notifies ITR Forms for AY 2021-22

Notification No. 21/2021-Income Tax/G.S.R. 242(E) - (31/03/2021) - CBDT notifies all ITR Forms 1 to 7 for AY 2021-22 vide Notification no. 21/2021 in G.S.R 242(E) dated 31/03/2021. To facilitate taxpayers & to minimize the compliance burden, no significant changes have been made in the ITR Forms this year as compared to last year’s Forms. The Central Board of...

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ITR (Income Tax Return Forms) 1 to 7 for AY 2020-21 notified

Notification No. 31/2020-Income Tax [G.S.R. 338(E)] - (29/05/2020) - CBDT notifies Form ―Sahaj (ITR-1), Form ITR-2, Form ITR-3, Form Sugam (ITR-4), Form ITR-5, Form ITR-6, Form ITR-7 and Form ITR-V for Assessment Year 2020-21 i.e. financial Year 2019-20. Also Read- Rule 12 of Income Tax Rules wef 29.05.2020 | ITR | AY 2020-21 MINISTRY OF FINANCE (Department of Reve...

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CBDT relaxes eligibility for filing ITR Form-1 (Sahaj) & Form-4 (Sugam)

NA - (09/01/2020) - It has been decided to allow a person, who jointly owns a single house property, to file his/her return of income in ITR-1 or ITR-4 Form, as may be applicable, if he/she meets the other conditions....

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CBDT releases Form Sahaj (ITR-1) and Sugam (ITR-4) for A.Y. 2020-21

Notification No. 01/2020-Income Tax [G.S.R. 9(E)] - (03/01/2020) - CBDT vide Notification No. 01/2020-Income Tax has released Format of Revised Form Sahaj (ITR-1) and Sugam (ITR-4) as applicable for Assessment Year 2020-2021 and also added a new proviso to Income Tax Rule 12 and provided who cannot file Form Sahaj (ITR-1) and Sugam (ITR-4) for A.Y. 2020-21. MINISTR...

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ITBA Functionality to Rectify ITR 1 to 6 for A.Y. 2017-18 Launched

ITBA- Rectification Instruction No.5 - (28/06/2019) - The functionality for rectification of processing u/s 143(1) of ITR 1,2,3,4,5, & 6 for A.Y. 2017-18 is now made available in Income Tax Business Application (ITBA). All the steps for initiating, working on the rectification proceedings and passing of rectification Order will be same as described in ...

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Recent Posts in "itr 1"

Income Tax Returns (ITRs)-Forms and Due Dates

EXTENSION OF DUE DATES  Central Board of Direct Taxes (CBDT), through its Circular No. 17/2021, dated September 9, 2021, has extended the due date for filing Income Tax Returns (ITRs) for Assessment Year 2021-2022 (Financial Year 2020-2021). The said extension of time lines for income tax returns and audit reports (wherever applicable) h...

Read More
Posted Under: Income Tax |

All about ITR-1(SAHAJ)

ITR-1 (SAHAJ) This return is applicable for a Resident Individual (other than Not Ordinarily Resident) having Total Income from any of the following sources up to Rs. 50 lakhs 1. Salary/Pension 2. One House Property 3. Other sources (Interest, Family Pension, Dividend etc.) 4. Agricultural Income up to Rs. 5,000 Note: ITR-1 cannot be use...

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Posted Under: Income Tax |

ITR Forms applicable for individuals for AY 2021-2022

Recently, the Central Board of Direct Taxes (CBDT) in April 2021 notified new ITR forms for the financial year 2021-2022. Later in May 2021, they extended the timeline for submitting direct tax compliances for the current financial year.   In India, every individual has to file for income tax returns i.e. ITR in every financial year. [&...

Read More
Posted Under: Income Tax |

Solution to Problems of New Income Tax Portal

Government released New ITR filing portal on 7th June, 2021 for improving efficiency of IT Portal, best user interface and better user services. However, since the day of its launch, portal is facing many problems/errors like unable to File ITR on New Portal, unable to do EVC (E-verify) of ITR, non launching of schema of […]...

Read More
Posted Under: Income Tax | ,

Rule 12 of Income Tax Rules wef 01.04.2021 | ITR | AY 2021-22

Taxguru Team compiled Rule 12 of Income Tax Rules considering amendment vide Notification No. 21-2021/Income Tax Dated 31st March, 2021 and Notification No. 82/2021-Income Tax | Dated: 27th July, 2021 for ready reference of our readers. Changes are Marked in Red Coloure. Revised Rule 12 of Income Tax Rules are applicable from 01.04.2021 ...

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Posted Under: Income Tax | ,

ITR 1 and ITR-2 for A.Y 2021-22

ITR 1 and ITR 2 filing for A.Y 2021-22 : Hello readers, my friends requested to write an article on ITR 1 and ITR 2 filing as we all know we have to file our Income tax returns till 30.09.2021- It is very important to choose correct form based on our income, exemptions, residential status […]...

Read More
Posted Under: Income Tax |

ITR Forms Guide, Income Tax Act, 1961

What is ITR and why one should file ITR? Income Tax Return (ITR) is notified form by CBDT, in which the taxpayers file their information about his income earned and investment details to the income tax department. Till now the department has notified 7 various forms i.e. ITR 1, ITR 2, ITR 3, ITR 4, […]...

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Posted Under: Income Tax |

ITR forms applicable for Individuals for AY 2021-22

The Deadline for filing income tax return for the AY 2021-22 is extended to September 30, 2021.The following are forms applicable for an Individual who are required to file their returns for the Previous Year 2020-21 and ITR-1 (Sahaj)- This form  is applicable for a Resident individual Having a total income upto ₹50 lakhs from [&hellip...

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Posted Under: Income Tax |

Income Tax Return Forms for Individual & HUF For AY 2021-22

1. ITR – 1 (SAHAJ) – Applicable for Individual– This form is applicable for a Resident (other than Not Ordinarily Resident) Individual having Total Income from any of the following sources upto Rs. 50 lakh. ♦ Salary/Pension ♦ One House Property ♦ Other sources ♦ Agricultural Income upto Rs.5000. But, this ITR – 1 cannot [&...

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Posted Under: Income Tax |

ITR for assessment year 2021-22- Who can use & which ITR

Forms of income tax return prescribed under Income tax law What is ITR ? ITR stands for Income Tax Return. It is a prescribed form through which the particulars of income earned by a person in a financial year and taxes paid on such income are communicated to the Income-tax Department. It also allows carry […]...

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Posted Under: Income Tax |

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