New ITR Forms (FY 2019-20/ AY 2020-21) notified: ITR 1 Sahaj, 2, 3, 4 Sugam, 5, 6, 7

CBDT notifies new Income Tax Return (ITR) forms for FY 2019-20/ AY 2020-21 (i.e. ITR 1 Sahaj, 2, 3, 4 Sugam, 5, 6, 7 and ITR-V), vide Income-tax (12th Amendment) Rules, 2020 (Notification No. 31/2020 dt. 29 May 2020), in line with the amendments made by the Finance Act, 2019. You can download pdf copy of Income Tax Return (ITR) forms for FY 2019-20/ AY 2020-21 notified by CBDT.

It may be noted that ITR 1 Sahaj for AY 2020-21 is available from 2nd June 2020 for e-Filing at Income Tax e-filing website. Further, other ITRs will be enabled for e-filing shortly.

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 Sugam: 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 [Not for an individual who is either Director in a company or has invested in unlisted equity shares].

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.

Form ITR-V VERIFICATION FORM: Where the data of the Return of Income in Form ITR-1 (SAHAJ), ITR-2, ITR3, ITR-4 (SUGAM), ITR-5, ITR-7 filed but NOT verified electronically.

New Income Tax Return Forms for FY 2019-20/ AY 2020-21 notified (ITR 1 Sahaj, 2, 3, 4 Sugam, 5, 6, 7 amd ITR-V): CBDT Income Tax Notification No. 31/2020 dt. 29 May 2020

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:-

(please refer attachment for above ITR Forms)

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.

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