ITR 1 and 4 Released by CBDT, Filers can File their Return Now

ITR 1 and 4 Released by CBDT, Filers can File their Return Now

As we all know that CBDT has released ITR Forms for FY 2018-19 or AY 2019-20. 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.

Now out of these 7 Forms ITR 1 and 4 have been released by CBDT

ITR 1 is 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

ITR 4 is for For Presumptive Income from Business & Profession.