CBDT notifies Income Tax Returns (ITRS) for AY 2021-22.
ITR-1 SAHAJ not for individuals who is either Director in a company or has invested in unlisted equity shares or where TDS deducted u/s 194N or if income–tax is deferred on ESOP
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
New Delhi, the 31st March, 2021
G.S.R. 242(E).–In exercise of the powers conferred by section 139read with 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 Income–tax Rules, 1962, namely:–
1.Short title and commencement.—(1) These rules may be called the Income–tax (7th Amendment) Rules, 2021.
(2) They shall come into force with effect from the 1stday of April, 2021.
2. In the Income–tax Rules, 1962 (hereinafter referred to as the principal rules), in rule 12, in sub–rule (1), ––
(a) in the opening portion, for the figure “2020”, the figure “2021” shall be substituted;
(b) in clause (a), in the proviso,––
(i) in sub–clause (v), the word “or” shall be omitted;
(ii) after sub–clause (vi), the following sub–clauses shall be inserted, namely:––
“(VII) is a person in whose case tax has been deducted under section 194N; or
(VIII) is a person in whose case payment or deduction of tax has been deferred under sub–section (2) of section 191 or sub–section (1C) of section 192;”;
(c) in clause (ca), in the proviso, after sub–clause (V), the following sub–clause shall be inserted, namely:—
“(VI) has income of the nature specified in clause (vi) of sub–section (2) of section 17 on which tax is payable or deductible, as the case may be, under sub–section (2) of section 191 or sub–section (1C) of section 192;.”
3. In the principal rules, in Appendix–II, for Forms SAHAJ ITR–1, ITR–2, ITR–3, SUGAM ITR–4, ITR–5,ITR–6, ITR–7 and ITR–V the following Forms shall, respectively, be substituted, namely:—
| ITR–1SAHAJ |
[For individuals being a resident (other than not ordinarily resident)having total income up to Rs. 50 lakh, having Income from Salaries, one house property, other sources (Interest etc.),and agricultural income upto Rs.5 thousand] [Not for an individual who is either Director in a company or has invested in unlisted equity shares or in cases where TDS has been deducted u/s 194N or if income–tax is deferred on ESOP] (Refer instructions for eligibility) |
| ITR-2 |
[For Individuals and HUFs not having income from profits and gains of business or profession] |
| ITR-3 |
For individuals and HUFs having income from profits and gains of business or profession) |
| ITR-4 SUGAM |
For Individuals, HUFs and Firms (other than LLP) being a resident having total income upto Rs.50 lakh and having income from business and profession which is computed under sections 44AD, 44ADA or 44AE] |
| ITR-5 |
For persons other than-(i) individual, (ii) HUF, (iii) company and (iv) person filing Form ITR-7] |
| ITR-6 |
For Companies other than companies claiming exemption under section 11] |
| ITR-7 |
or persons including companies required to furnish return under sections139(4A) or 139(4B) or 139(4C) or 139(4D) only] |
| NDIAN INCOME TAX RETURN ACKNOWLEDGEMENT |
Where the data of the Return of Income in Form ITR-1 (SAHAJ), ITR-2, ITR-3, ITR-4(SUGAM), ITR-5, ITR-6, ITR-7 filed and verified |
[F. No. 370142/5/2021–TPL]
SHEFALI SINGH,
Under Secy., Tax Policy and Legislation
Note:–The principal rules were published vide notification S.O. 969 (E), dated the 26th March, 1962 and last amended vide notification GSR 212(E), dated the 26th March, 2021.
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