itr 1

CBDT relaxes conditions of filing of ITR I & ITR-4 for AY 2020-2021

Income Tax - The CBDT relaxed eligibility conditions related to filing of ITR Form-1 and ITR Form-4 for Assessment Year 2020-2021. For ensuring that the e-filing utility for filing of return for the assessment year 2020-2021 is available as on 1st April 2020, the Income-tax Return (ITR) Forms ITR-1 (Sahaj) as well as ITR-4 (Sugam) for the assessm...

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Key Changes in ITR Forms 1 & 4 for Assessment Year 2020-21

Income Tax - The Central Board of Direct Taxes (CBDT) has notified the Income-tax Return (ITR) Forms 1 and 4 for the Assessment Year 2020-21. These ITR Forms will be applicable for filing of Income-tax return in respect of income earned during the previous year 2019-20 (between 01-04-2019 to 31-03-2020)....

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Notice u/s 143(1) for any deduction/allowance in ITR which was not considered in Form 16/16A

Income Tax - This amendment is going to hit hard for those Income Tax Assessee’s (Majorly Salaried Employees) who used to make manipulative claims of allowances (LTA, medical, HRA etc) or deductions (Section 80C, 80D) in Return of Income and claims refund of TDS deducted from Salary....

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Major Rollback by CBDT in respect of very first notification of Year 2020

Income Tax - Within days after notifying the New ITR Forms, CBDT vide a Press release dated 09.01.2020 has rolled back the non-applicability clauses which were inserted through Notification 01/2020 dated 03.01.2020 by amending Rule 12 of the Income-tax rules, 1962. This gives a major relief to taxpayers who jointly own House property or to those High ...

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6 key changes in ITR-1 for financial year 2019-20- You need to know

Income Tax - The Income Tax department has notified the Income tax Return (ITR) Forms for F.Y. 2019-20 on January 3, 2020. Here’s a list of the 6 key changes introduced in the ITR1 for financial year 2019-20. ♦ Passport details In this year’s ITR-1, taxpayers will have to provide their passport number (if they have one). This […]...

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ITR 1, 2, 3, 4, 5, 6 & 7 for AY 2019-20 are available for e-Filing

Income Tax - Excel / Java Utility for ITR 1, ITR 2, ITR 3, ITR 4, ITR 5, ITR 6 & ITR 7 for AY 2019-20 / FY 2018-19 are available for e-Filing. Update on 08/07/2019 All Income Tax Return Preparation Software for AY 2019-20 are now available for e-Filing. Update on 04.06.2019 ITR 7 For persons including […]...

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Download Sahaj (ITR 1), 2, 3, Sugam (ITR-4), 5, 6, 7 for A.Y. 2018-19

Income Tax - CBDT has vide notification No.16/2018 dated: 03rd April 2018 released ITR-1 SAHAJ, ITR-2, ITR-3, ITR-4-Sugam, ITR-5, ITR-6, ITR-7 and Acknowledgement- ITR-V for Assessment Year 2018-19 / Financial Year 2017-18 and Same can downloaded in PDF Format (Return Filing Utilities are also expected to be released soon) from the links given below:-...

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Download e-Filing utility for ITR 1 & ITR 4S for AY 2016-17

Income Tax - In a Record and following Punjab High Court Direction in the case of Vishal Garg & Ors. Vs. Union of India & Anr. CBDT has first released ITR for A.Y. 2016-17 on 30/03/2016 vide Notification No. 24/2016 and now it further releases Online e-filing utility for the following ITR Forms :- Link to Download all […]...

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Commencement of Electronic filing of Income Tax Returns for AY 15-16

Income Tax - The Income Tax Department has released the software for preparing the Income Tax Return forms 1- SAHAJ, 2, 2A and 4S- SUGAM for AY 2015-16. The e-filing of these return forms has been enabled on the e-filing website- https://incometaxindiaefiling.gov.in/...

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ITR Forms Simplified – New ITR-2A to come- Due Date extended to 31.08.2015

Income Tax - Govt to simplify ITR Forms- New ITR-2A to come- Due Date extended to 31.08.2015 from 31.07.2015- No need for Foreign Travel and Dormant Bank A/c details Income Tax Return Forms ITR 1, 2 and 4S Simplified for Convenience of the Tax Payers; A New Form ITR 2A Proposed which can be Filed by an Individual […]...

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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 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 - (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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CBDT notifies ITR for A.Y. 2019-20 / F.Y. 2018-19

Notification No. 32/2019-Income Tax [G.S.R. 279(E)] - (01/04/2019) - 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 A.Y. 2019-20 / F.Y. 2018-19 vide Notification No. 32/2019 dated 1st April, 2019. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notificatio...

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CBDT notifies ITR-1, ITR-2, ITR-2A and ITR-4S to be filed for AY 2015-16

Notification No. 49/2015 - Income Tax - (22/06/2015) - Notification No. 49/2015 - Income Tax Dated: June 22, 2015 S.O. 1660 (E).– In exercise of the powers conferred by section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:-...

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Recent Posts in "itr 1"

CBDT relaxes conditions of filing of ITR I & ITR-4 for AY 2020-2021

The CBDT relaxed eligibility conditions related to filing of ITR Form-1 and ITR Form-4 for Assessment Year 2020-2021. For ensuring that the e-filing utility for filing of return for the assessment year 2020-2021 is available as on 1st April 2020, the Income-tax Return (ITR) Forms ITR-1 (Sahaj) as well as ITR-4 (Sugam) for the assessm...

Read More
Posted Under: Income Tax |

Key Changes in ITR Forms 1 & 4 for Assessment Year 2020-21

The Central Board of Direct Taxes (CBDT) has notified the Income-tax Return (ITR) Forms 1 and 4 for the Assessment Year 2020-21. These ITR Forms will be applicable for filing of Income-tax return in respect of income earned during the previous year 2019-20 (between 01-04-2019 to 31-03-2020)....

Read More
Posted Under: Income Tax |

Notice u/s 143(1) for any deduction/allowance in ITR which was not considered in Form 16/16A

This amendment is going to hit hard for those Income Tax Assessee’s (Majorly Salaried Employees) who used to make manipulative claims of allowances (LTA, medical, HRA etc) or deductions (Section 80C, 80D) in Return of Income and claims refund of TDS deducted from Salary....

Read More
Posted Under: Income Tax |

Major Rollback by CBDT in respect of very first notification of Year 2020

Within days after notifying the New ITR Forms, CBDT vide a Press release dated 09.01.2020 has rolled back the non-applicability clauses which were inserted through Notification 01/2020 dated 03.01.2020 by amending Rule 12 of the Income-tax rules, 1962. This gives a major relief to taxpayers who jointly own House property or to those High ...

Read More
Posted Under: Income Tax |

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....

Read More

6 key changes in ITR-1 for financial year 2019-20- You need to know

The Income Tax department has notified the Income tax Return (ITR) Forms for F.Y. 2019-20 on January 3, 2020. Here’s a list of the 6 key changes introduced in the ITR1 for financial year 2019-20. ♦ Passport details In this year’s ITR-1, taxpayers will have to provide their passport number (if they have one). This […]...

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Posted Under: Income Tax |

Major changes in new ITR forms released by CBDT for A.Y. 2020-2021

The Central Board of Direct Taxes (CBDT) has recently notified two Income Tax Return (ITR) forms for the assessment year 2020-21. Usually, the tax department issues new ITR forms in the first week of April of the relevant assessment year. However, in contrast to the old tradition, it has notified two ITR forms ITR-1 and […]...

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Posted Under: Income Tax |

Analysis of revised ITR-1 (Sahaj) & ITR-4 (Sugam) for AY 2020-21

Analysis of CBDT Notification 01/2020 Revised format of ITR-1 and ITR-4 for FY 19-20 notified!! ITR Forms which usually are issued somewhere around in the first week of April of the relevant Assessment Year, this time have been issued on 3rd January itself!! [Only ITR-1(Sahaj) & ITR-4(Sugam)] The very reason for the same is the [&hell...

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Posted Under: Income Tax |

Rule 12 of Income Tax Rules wef 01.04.2020 | ITR | AY 2020-21

Taxguru Team compiled the Rule 12 of Income Tax Rules based on the RECENT amendment in rule 12 vide Notification No. 01/2020-Income Tax dated 3rd January, 2020 for ready reference of our readers. Changes are Marked in Red Coloure. Rule 12 of Income Tax Rules as applicable from 01st April 2020 i.e. for Income Tax […]...

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Posted Under: Income Tax |

Download Form Sahaj (ITR-1) for A.Y. 2020-21

CBDT has released Form Sahaj (ITR-1) for A.Y. 2020-21 format for Assessment Year 2020-21 i.e. for Financial year 2019-20 vide Notification No. 01/2020-Income Tax dated 3rd January, 2020 Sahaj (ITR-1) for A.Y. 2020-21 is applicable For individuals being a resident (other than not ordinarily resident) having total income upto Rs.50 lakh, ha...

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Posted Under: Income Tax |

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