CBDT releases new ITR Forms for FY 2017-18 | AY 2018-19

CBDT releases new ITR Forms for FY 2017-18 | AY 2018-19

CBDT releases new ITR Forms for FY 2017-18 | AY 2018-19 The Central Board of Direct Taxes (CBDT) has released the new Income-tax return (ITR

authorCA Deepak GuptadateApr 5, 2018
Last update on Apr 5, 2018
CBDT releases new ITR Forms for FY 2017-18 | AY 2018-19 The Central Board of Direct Taxes (CBDT) has released the new Income-tax return (ITR) Forms for Financial Year 2017-18 relevant for Assessment Year 2018-19. The new ITR forms incorporates the changes made by the Finance Act, 2017 in the Income-tax Act. The new forms asks taxpayers to provide figures of Ind AS complaint financial statements, GSTR no., GST turnover, etc. CBDT releases Forms 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 as applicable for Financial Year 2017-18 relevant for  Assessment Year 2018-19 in pdf.

Below is Official Notification


[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB- SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE [CENTRAL BOARD OF DIRECT TAXES]

NOTIFICATION

New Delhi, the 3rd day of April, 2018

Income-tax

G.S.R. 332 (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. (1) These rules may be called the Income-tax (Second Amendment) Rules, 2018. (2) They shall be deemed to have come into force with effect from the 1st day of April, 2018.

2. In the Income-tax rules, 1962 (hereinafter referred to as the principal rules), in rule 12,

(a) in sub-rule (1),-

(I) for the figures 2017, the figures 2018 shall be substituted; (II) in clause (a),

(i) for the words an individual, the words an individual who is a resident other than not ordinarily resident and shall be substituted;

(ii) in sub-clause (ii), after the words brought forward loss, the words or loss to be carried forward shall be inserted;

(iii) in the proviso, for item (I), the following shall be substituted, namely:-

(I) has assets (including financial interest in any entity) located outside India; (IA) has signing authority in any account located outside India; (IB) has income from any source outside India; (IC) has income to be apportioned in accordance with provisions of section 5A;;

(III) in clause (c), for the words derived from a proprietory, the words under the head shall be substituted;

(IV) in clause (d), for the words deriving income from a proprietory, the words having income under the head shall be substituted;

(b) in sub-rule (5), for the figures 2016, the figures 2017 shall be substituted.

3. In the principal rules, in Appendix II, for Forms Forms 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 be respectively substituted, namely:-

[Notification No.16/2018/ F.No.370142/1/2018-TPL]

(Dr. T.S. Mapwal) Under Secretary to the Government of India

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 (First Amendment) Rules, 2018, vide notification number GSR 176 (E), dated 19th February, 2018. Explanatory Memorandum: By giving retrospective effect to the amendment rules, no one will be adversely affected and the retrospectivity is being given to the present rules as these are applicable for the assessment year commencing on the 1st day of April, 2018 i.e. Assessment Year 2018-19. Download Notification 16_2018 Click Here
ITR forms in PDF FY 2017-18 | AY 2018-19 Excel Utility and Java are awaiting for FY 2017-18 | AY 2018-19 Income tax department has released ITR forms for A.Y. 2018-19 (F.Y 2017-18) in PDF on 3rd day of April, 2018.   Post issuance of forms in PDF form  assesses are waiting for excel utility and in Java Version of forms for F.Y 2017-18 | A.Y 2018-19 so that they can start filing of there income tax return. ITR Forms in Excel utility and in Java for F.Y 2017-18 and A.Y 2018-19 is not yet released once released by Income Tax Department it will be updated here.

CBDT releases new ITR Forms for FY 2017-18 | AY 2018-19

To Download Forms in excel utility for F.Y 2017-18 and A.Y 2018-2019 click on below mentioned links. As of now only PDF forms has been released Excel and Java Utility not yet released. Once Excel and Java Utility will be released will be updated here:-
ITR Description PDF Form Excel Utility Java Utility
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 Download Download Download
ITR 2 For Individuals and HUFs not having income from profits and gains of business or profession Download Download Download
ITR 3 For individuals and HUFs having income from profits and gains of business or profession Download Download Download
ITR 4 (Sugam) For Presumptive Income from Business & Profession Download Download Download
ITR 5 For persons other than,- (i) individual, (ii) HUF, (iii) company and (iv) person filing Form ITR-7 Download Download Download
ITR 6 For Companies other than companies claiming exemption under section 11 Download Download Download
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) Download Download Download

To Download Forms in excel utility for F.Y 2016-17 and A.Y 2017-2018click on below mentioned link:-
Forms (ITR-1), ITR-2, SUGAM  (ITR-3) (ITR-4) and  ITR-V for F.Y 2016-17 and A.Y 2017-18:
 
ITR Description Excel Utility Java Utility
ITR 1 For Individuals having Income from Salaries, one house property, other sources (Interest etc.) and having total income upto Rs.50 lakh F.Y 2016-17 Download Download
ITR 2 For Individuals and HUFs not carrying out business or profession under any proprietorship F.Y 2016-17 Download Download
ITR 3 For individuals and HUFs having income from a proprietary business or profession F.Y 2016-2017 Download Download
ITR 4 (Sugam) For presumptive income from Business & Profession F.Y 2016-17 Download Download
ITR 5 For persons other than,- (i) individual, (ii) HUF, (iii) company and (iv) person filing Form ITR-7  F.Y 2016-17 Download Download
ITR 6 For Companies other than companies claiming exemption under section 11 F.Y 2016-2017 Download Download
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) F.Y 2016-2017 Download Download

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