Tuesday 14 May 2019

CBDT RELEASED ITR FORMS FOR FY 2018-19 | AY 2019-20

CBDT RELEASED ITR FORMS FOR FY 2018-19 | AY 2019-20

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CBDT Released Latest Income Tax Return Forms for AY 2019-20, Download all ITR Forms For AY 2019-20 or FY 2018-19 available in Excel and Java Format.
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The income tax department wants more information from you about your finances and business. The new income-tax return forms released by the Central Board of Direct Taxes (CBDT) for filing returns for the financial year 2018-19 have several new columns.
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By collecting more specific information from taxpayers — from seeking details about allowances of salaried persons not exempt from tax to matching direct and indirect tax numbers of businesspersons — the income tax department aims to check tax evasion.
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Below are the details of some of the extra information income tax department seeks from taxpayers.
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1 . The new Sahaj form wants you to disclose specific details about your salary. It seeks an assessee's salary details in separate fields and in a breakup format such as allowances that are not exempt, value of perquisites, profit in lieu of salary and deductions claimed under section 16. Though these details are provided in the Form 16 of a salaried employee, now they have to be mentioned in the tax return for clarity of deductions.
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2 . The new Sahaj form also seeks details about income from property such as gross rent received/ receivable/ letable value; tax paid to local authorities; annual value; interest payable on borrowed capital; and income chargeable under the head house property.
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3 . Under the ITR-4, assessees who have presumptive income from business and profession will have to furnish their GST registration number and its turnover. This is aimed at checking tax evasion by comparing direct and indirect tax numbers.
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4 . Instead of the simple (ITR)-1 form, non-resident Indians (NRIs) will have file returns using the ITR-2 which seeks more information. NRIs will also have to provide details of one foreign bank account for refunds.
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5 . Certain types of taxpayers are now required to mention registration number of the firm of chartered accountant which has done audit for the tax return.
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6 . Businesses will have to disclose income from property.
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7 . Firms are required to quote Aadhaar number of their partners or members. Similarly, in case of a trust, Aadhaar number of related functionaries have to be mentioned.
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New Income Tax Return Forms (ITR Forms) For A.Y. 2019-20 is available for download, please download all ITR’s from below direct download link with Instructions…..
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ITR
DESCRIPTION
EXCEL UTILITY
JAVA UTILITY
ITR 1
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 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
For Presumptive Income from Business & Profession
ITR 5
For persons other than,- (i) individual, (ii) HUF, (iii) company and (iv) person filing Form ITR-7
DOWNLOAD
DOWNLOAD
ITR 6
For Companies other than companies claiming   exemption under section 11
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

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ITR Forms for FY 2017-18, AY 2018-19

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ITR
DESCRIPTION
PDF Format
EXCEL UTILITY
JAVA UTILITY
ITR 1
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 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
For Presumptive Income from Business & Profession
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) or 139(4E) or 139(4F)
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ITR Forms for FY 2016-17, AY 2017-18

To Download Forms in excel utility for F.Y 2016-17 and A.Y 2017-2018 click on below mentioned link:-

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ITR
DESCRIPTION
PDF Format
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
ITR 2
For Individuals and HUFs not carrying out business or profession under any proprietorship F.Y 2016-17
ITR 3
For individuals and HUFs having income from a proprietary business or profession F.Y 2016-2017
ITR 4
For presumptive income from Business & Profession F.Y 2016-17
ITR 5
For persons other than,- (i) individual, (ii) HUF, (iii) company and (iv) person filing Form ITR-7  F.Y 2016-17
ITR 6
For Companies other than companies claiming exemption under section 11 F.Y 2016-2017
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
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REGARDS
ACA SOURAV BAGARIA

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