CBDT notifies Income Tax Return Forms for AY 2019-20 [Read Notification]

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The Central Board of Direct Taxes (CBDT) has notified the income tax return forms for the year 2019-20.
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Last year, the Government brought numerous reforms in the tax return forms.
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One of the major reforms made in the notified ITR Forms is the designing of a one-page simplified ITR Form-1(Sahaj). This ITR Form- 1(Sahaj) can be filed by an individual having income up to Rs.50 lakh and who is receiving income from salary one house property / other income (interest etc.). Various parts of ITR Form-1 (Sahaj) viz. parts relating to tax computation and deductions have been rationalised and simplified for easy compliance.
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This will reduce the compliance burden to a significant extent on the individual tax payer. This initiative will benefit more than two crore tax-payers who will be eligible to file their return of income in this simplified Form.
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Simultaneously, the number of ITR Forms have been reduced from the existing nine to seven forms. The existing ITR Forms ITR-2, ITR-2A and ITR-3 have been rationalized and a single ITR-2 has been notified in place of these three forms. Consequently, ITR-4 and ITR-4S (Sugam) have been renumbered as ITR-3 and ITR-4 (Sugam) respectively. There is no change in the manner of filing of ITR Forms as compared to last year. All these ITR Forms are to be filed electronically.
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To Read the full text of the Notification
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