ITR Forms for AY 2019-20/ FY 2018-19 Notified by CBDT

Deepak Gupta | Apr 4, 2019 |

ITR Forms for AY 2019-20/ FY 2018-19 Notified by CBDT

ITR Forms for AY 2019-20/ FY 2018-19 Notified by CBDT

CBDT has finally released the Income Tax Return Forms for Assessment Year 2019-20 or Financial Year 2018-19.

The forms are updated as per changes in Finance Act 2019.

The CBDT has notified 7 types of Income-tax return forms. These Forms are ITR-1 or Sahaj, ITR-2, ITR-3, ITR-4 or Sugam, ITR-5, ITR-6 and ITR-7. Eligibility creteria of these forms is given below :

ITR Forms for AY 2019-20/ FY 2018-19 Notified

 

ITRPerson who is eligible to File

Form No.:ITR-1 SAHAJ

For individuals being a resident other than not ordinarily resident having Income from Salaries, one house property, other sources (Interest etc.) and having total income upto Rs.50 lakh

Form No.:ITR-2

For Individuals and HUFs not having income from profits and gains of business or profession

Form No.:ITR-3

For individuals and HUFs having income from profits and gains of business or profession

Form No.:ITR-4-Sugam

For Presumptive Income from Business & Profession

Form No.:ITR-5

For persons other than,- (i) individual, (ii) HUF, (iii) company and (iv) person filing Form ITR-7

Form No.:ITR-6

For Companies other than companies claiming exemption under section 11

Form No.:ITR-7

For persons including companies required to furnish return under sections 139(4A) or 139(4B) or 139(4C) or 139(4D) or 139(4E) or 139(4F)

 

https://www.youtube.com/watchv=SrUWjfwVA7I

Each return form is applicable according to the status of taxpayer and type of income he earns during the year.

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