CBDT Instructions for filing New Income Tax Return Forms (ITR 1 Sahaj, 2, 3, 4 Sugam, 5, 6, 7)
CBDT/ Income Tax Deptt. has issued Instructions for filing of all the New ITR Forms (ITR 1 Sahaj, ITR 2, ITR 3, ITR 4 Sugam, ITR 5, ITR 6 and ITR 7) in respect of FY 2018-19/ AY 2019-20 (download pdf). Instructions for ITR 3, 5 $ 6 also includes list of revised business codes applicable for FY 2018-19/ AY 2019-20.
It may be noted that these instructions are guidelines for filling the particulars in the applicable ITR Form. In case of any doubt, please refer to relevant provisions of the Income-tax Act, 1961 and the Income-tax Rules, 1962.
Instructions For Filing ITR (FY 2018-19/ AY 2019-20)
1. ITR 1 Sahaj Instructions:
Form ITR 1 Sahaj is to be used by an individual who is a resident other than not ordinarily resident, whose total income for the assessment year 2019-20 does not exceed Rs. 50 lakh and who has income under the following heads:-
(a) Income from Salary/ Pension; or
(b) Income from One House Property; or
(c) Income from Other Sources.
NOTE: Further, in a case where the income of another person like spouse, minor child, etc. is to be clubbed with the income of the assessee, this Return Form can be used only if the income being clubbed falls into the above income categories.
CBDT Instructions for Filing New Form ITR 1 Sahaj for FY 2018-19/ AY 2019-20
2. ITR 2 Instructions:
Form ITR 2 is to be used by an individual or a Hindu Undivided Family (HUF) who is not eligible to file Form ITR-1 (Sahaj) and who is not having any income under the head ‘Profits or gains of business or profession’.
Form ITR 2 should not be used by an individual whose total income for the Assessment Year 2019-20 includes Income under the head ‘Profits or Gains of Business or Profession’.
CBDT Instructions for Filing New Form ITR 2 for FY 2018-19/ AY 2019-20
3. ITR 3 Instructions:
Form ITR 3 is to be used by an individual or a Hindu Undivided Family who is having income under the head ‘Profits or gains of business or profession’ and who is not eligible to file Form ITR-1 (Sahaj), ITR-2 or ITR-4 (Sugam).
However, in a case where accounts are required to be audited u/s 44AB, it is mandatory to verify the ITR 3 electronically under digital signature. In case an assessee is required to furnish a report of audit under sections 10AA, 44AB, 44DA, 50B, 80 -IA, 80-IB, 80-IC, 80-ID, 80JJAA, 80LA, 92E, 115JB or 115JC, he shall file such report electronically on or before the date of filing the ITR 3.
4. ITR 4 Sugam Instructions:
Form ITR 4 Sugam is to be used by an individual or HUF, who is resident other than not ordinarily resident, or a Firm (other than LLP) which is a resident, whose total income for the assessment year 2019-20 does not exceed Rs. 50 lakh and who has income under the following heads:-
(a) Income from business where such income is computed on presumptive basis under Section 44AD (i.e. Gross Turnover upto Rs. 2 crore) or Section 44AE (income from goods carriage upto ten vehicles); or
(b) Income from Profession where such income is computed on presumptive basis under Section 44ADA (i.e. Gross receipt upto Rs. 50 lakh); or
(c) Income from Salary/ Pension; or
(d) Income from One House Property; or
(e) Income from Other Sources.
Note 1: The income computed on presumptive basis under sections 44AD or 44AE or 44ADA shall be presumed to have been computed after giving full effect to every loss, allowance, depreciation or deduction under the Income-tax Act.
Note 2: Further, in a case where the income of another person like spouse, minor child, etc. is to be clubbed with the income of the assessee, this Return Form can be used only if the income being clubbed falls into the above income categories.
CBDT Instructions for Filing New Form ITR 4 Sugam for FY 2018-19/ AY 2019-20
5. ITR 5 Instructions:
Form ITR 5 can be used by a person being a firm, Limited Liability Partnership (LLP), Association of Persons (AOP), Body of Individuals (BOI), Artificial Juridical Person (AJP) referred to in clause (vii) of section 2(31), local authority referred to in clause (vi) of section 2(31), representative assessee referred to in section 160(1)(iii) or (iv), cooperative society, society registered under Societies Registration Act, 1860 or under any other law of any State, trust other than trusts eligible to file Form ITR-7, estate of deceased person, estate of an insolvent, business trust referred to in section 139(4E) and investments fund referred to in section 139(4F). However, a person who is required to file the return of income under section 139(4A) or 139(4B) or 139(4D) shall not use this form.
CBDT Instructions for Filing New Form ITR 5 for FY 2018-19/ AY 2019-20
6. ITR 6 Instructions:
This Return Form can be used by a company other than a company which is required to file return in Form ITR-7.
CBDT Instructions for Filing New Form ITR 6 for FY 2018-19/ AY 2019-20
6. ITR 7 Instructions:
For persons including companies required to furnish return under sections 139(4A) or 139(4B) or 139(4C) or 139(4D) only.
CBDT Instructions for Filing New Form ITR 7 for FY 2018-19/ AY 2019-20
Related Posts:
ITR/ TAR Due Date Extended upto 31 Oct. 2019 (AY 2019-20): CBDT
CBDT’s 19 Clarifications/ FAQs on Filling Up New ITR forms (FY 2018-19/ AY 2019-20)
ITR filing due date extended from 31 July 2019 to 31 August 2019 for AY 2019-20: CBDT
Updated Excel Utility for E-filing of New ITR Forms: FY 2018-19/ AY 2019-20
Revised Business Codes List for FY 2018-19/ AY 2019-20 (ITR-3, 4, 5, 6 and 7)
New ITR Forms for FY 2018-19/ AY 2019-20 notified by CBDT (ITR 1 Sahaj, 2, 3, 4 Sugam, 5, 6, 7)
ICAI’s Technical Guide on ITR Forms (FY 2017-18/ AY 2018-19)
I have earned pension income from LIC Annuity plan during FY 2018-19. I understand that the such income is taxable. However, under which head of INCOME I can show the amount of pension in ITR 1 for AY 2019-20?
Pension falls under the category of “Salary” ?
I am a salaried Govt. Employee. I have income from salary and other sources like Bank F.D. interest from which TDS is deducted. Now in ITR1 for AY 2019-20 I have to report Total Taxes Paid which includes…. Total TDS claimed+ Self assessment tax+ Advance tax paid. Now what is this “Total TDS claimed”? Is it the sum total of TDS from salary as per Form 16 (Schedule TDS1)+ TDS on the Bank F.D. interest as per Form 16A (Schedule TDS2)?
In the ITR-3 that is required to be filed by people with presumptive income BUT who also have capital gains to be declared, the following discrepancy is there:
a) In the P & L schedule, a person is required to fill 61, or 62, or 63 if they have presumptive income. We are also required to fill the column 64 describing total gross turn over/ receipts. Now what is filled in serial no. 64 of the form is only a total of 61, 62, and 63. BUT, while calculating IT, the utility adds the value of the column 64 also (in effect doubling the income value), and hence calculates the tax value exorbitantly. The correct calculation would be either to add the values of columns 61, 62, and 63, OR, the values in columns 64 of P & L statement (because they are essentially the SAME) – instead the utility is adding all these values and in effect “doubling” the actual income in calculations.
b) If the column 64 is not filled and only 61, 62, or 63 as applicable are filed in the P & L schedule – Part A, we get an error after filing the tax from the automated system (saying that there is mismatch between Schedule BP and P & L indications).
It is really a difficult situation for those who have to file under sec 44AD and sec 44ADA, and also have capital gains/ income for other sources – almost making it impossible to file under presumptive income in view of the discrepancy in the ITR utility given by the department. I am wondering if anybody else noticed this yet!
In the case of Income under section 44AD/ADA, the requirement of mandatory filing of S. No. 64 has been removed.
Refer “CBDT_e-Filing_ITR 3 – Validation Rules for AY 2019-20 V 1.4”
https://www.incometaxindiaefiling.gov.in/eFiling/Portal/DownloadUtil/ITR_Validation_Rules/ITR-3/ITR_3_Rules_AY_2019-20_V1.4.pdf
Yes, this is a genuine problem in ITR-3. The utility must be revised at the earliest.
I am a salaried PSU Employee, while filing ITR-1 (AY-19-20) the deduction of NPS contributed by employer under CCD(2) is not giving benefit to us. As per FORM 16 Part B its showing deduction i.e employer contribution added to our total income. In AY 18-19 we got benefited but this year system disabled this benefit (Auto Populated as Zero). Please suggest.
THE LTCG for equity seems to have too many problems. So many terminologies or definition used such as cost of acquisition without indexation, cost of acquisition etc. finally the software did not compute the relief of 1 Lakh available on this and added the CG which was below the threshold to the CG and computed the tax. What should individuals do in such cases?