CBDT notifies Income Tax Returns (ITRs) Forms for AY 2020-21. Download Notification
MINISTRY OF FINANCE
(Department of Revenue)
(CENTRAL BOARD OF DIRECT TAXES)
New Delhi, the 29th May, 2020
INCOME-TAX
G.S.R. 338(E).—In exercise of the powers conferred by section 139 read 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 the Income-tax Rules, 1962, namely:—
1. Short title and commencement.–(1) These rules may be called the Income-tax (12th Amendment) Rules, 2020.
(2) They shall come into force with effect from the date of publication in the Official Gazette.
2. In the Income-tax Rules, 1962,
(a) in rule 12, in sub-rule (1)─
(I) in clause (a), in the proviso,-
(i) in item (V), the word ―or shall be inserted at the end;
(ii) items (VII) and (VIII) shall be omitted;
(II) in clause (ca), in the proviso, item (VI) shall be omitted.
(b) in Appendix II, for 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”, the following Forms shall, respectively, be substituted, namely:-
| ITR-1 SAHAJ | For individuals being a resident (other than not ordinarily resident)having total income upto 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 |
| 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 | 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 | For persons including companies required to furnish return under sections 139(4A) or 139(4B) or 139(4C) or 139(4D) only] |
| ITR-V | Where the data of the Return of Income in Form ITR-1 (SAHAJ), ITR-2, ITR-3, ITR-4(SUGAM), ITR-5, ITR-7 filed but NOT verified electronically |
| INDIAN 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. 370142/32/2019-TPL]
ANKUR GOYAL, Under Secy.
Note : The principal rules were published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii) vide notification number S.O. 969(E), dated the 26th March,1962 and last amended by the Income-tax (11th Amendment) Rules, 2020, vide notification number G.S.R. 329 (E) dated 28.5.2020.
SC laid downs guidelines for use of ITRS for assessing annual income of deceased person under Motor Vehicles Act 1988…
CBDT condones delay in filing Form No. 10AB furnished electronically between 01.10.2025 to 31.03.2026. CBDT has condoned the delay in…
Supreme Court expresses serious concerns over AI generated judgments/paragraphs relied upon by the NCLT/NCLAT In a recent judgment, the Hon'ble…
ICAI to take disciplinary action for quoting very low and incommensurate fee by Chartered Accountants As per the announcement made…
NSDL latest e-TDS TCS RPU Version 6.0 from FY 2007-08 NSDL has revised the e-TDS TCS RPU utility for preparing…
Requirement for filing Form 67 for claiming Foreign Tax Credit (FTC) is only directory and not mandatory - ITAT In…