notification no. 01/2020 f. no. 370142/32/2019 tpl / gsr 9 e cbdt notifies itr 1 and itr 4 for assessment year 2020 21

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 3rd January, 2020 INCOME-TAX G.S.R. 9(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 (1st Amendment) Rules, 2020. (2) They shall come into force with effect from the 1st day of April, 2020. 2. In the Income-tax rules, 1962 (hereinafter referred to as the principal rules), in rule 12,− (a) in sub-rule (1),- (I) in the opening portion, for the figures “2019”, the figures “2020” shall be substituted; (II) in clause (a), in the proviso,- (i) in item (V), the word “or” occurring at the end shall be omitted; (ii) after item (VI), the following items shall be inserted, namely:- “(VII) owns a house property in joint-ownership with two or more persons; or (VIII) is required to furnish a return of income under seventh proviso to sub-section (1) of section 139.”; (III) in clause (ca), - (ii) in the proviso, after item (V), the following item shall be inserted, namely:- “(VI) owns a house property in joint-ownership with two or more persons.”; (b) in sub-rule (5), for the figures “2018”, the figures “2019” shall be substituted. 3. In the principal rules, in Appendix II, for Form “Sahaj (ITR-1)” and “Sugam (ITR-4)”, the following Forms shall, respectively, be substituted, namely:- [Notification No. 01/2020/F. No. 370142/32/2019-TPL] ANKUR GOYAL, Under Secy. 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 (16th Amendment) Rules, 2019, vide notification number GSR. 960(E), dated 30th December, 2019. ¹Hkkx IIµ[k.M 3(i)º Hkkjr dk jkti=k % vlk/kj.k 11 FORM ITR-1 SAHAJ INDIAN INCOME TAX RETURN [For individuals being a resident (other than not ordinarily resident) having total income upto Rs.50 lakh, having Income from Salaries, one house property (single ownership), interest income, Family pension income 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 or has any brought forward / carry forward loss under the head ‘Income from House Property’ or has to furnish return under seventh proviso to section 139(1) of the Income Tax Act] (Refer instructions for eligibility) Assessment Year 2 0 2 0 - 2 1 PART A GENERAL INFORMATION PAN Name Date of Birth Aadhaar Number (12 digit)/Aadhaar Enrolment Id (28 digit) (If eligible for Aadhaar) D D M M Y Y Y Y Mobile No. Email Address Address: Flat/Door/Block No. Name of Premises/Building/Village Road/Street/Post Office Area/locality Town/City/District State Country Pin code Do you have a valid Indian passport? YES/NO (dropdown to be provided) If Yes, provide the passport number Filed u/s (Tick) [Please see instruction]
139(1)-On or before due date,
139(4)-Belated,
139(5)-Revised,
119(2)(b)- after condonation of delay. Or Filed in response to notice u/s
139(9),
142(1),
148 If revised/defective, then enter Receipt No. and Date of filing original return (DD/MM/YYYY) / / If filed in response to notice u/s 139(9)/142(1)/148 or order u/s 119(2)(b)- enter Unique Number & Date of such Notice or Order / / PART B GROSS TOTAL INCOME Whole- Rupee( ) only B1 Details of Employer: TAN of Employer (mandatory if tax is deducted), Name of employer, Nature of Employer), Address of Employer, Town/City, State, PIN/ ZIP Code (If TAN is provided address details will be prefilled) Enter employer details here S A L A R Y / P E N S I O N i Gross Salary (ia + ib + ic) i a Salary as per section 17(1) ia b Value of perquisites as per section 17(2) ib c Profit in lieu of salary as per section 17(3) ic (Add multiple rows for Gross Salary in case of more than one employer) ii Total Gross Salary (from all employers) ii iii Less allowances to the extent exempt u/s 10 (drop down to be provided in e-filing utility) (Ensure that it is included in Total Gross Salary in (ii) above) iii iv Net Salary (ii – iii) iv v Deductions u/s 16 (va + vb + vc) v a Standard deduction u/s 16(ia) va b Entertainment allowance u/s 16(ii) vb c Professional tax u/s 16(iii) vc vi Income chargeable under the head ‘Salaries’ (iv – v) B1 B2 Tick applicable option
Self Occupied
Let Out
Deemed Let Out, Address of property; Town/City; State; PIN Code/ ZIP Code Enter tenant details here If Let out, Name and PAN, or Aadhaar of tenant (if available) HOUSE PROPERTY i Gross rent received/ receivable/ letable value i ii The amount of rent which cannot be realized ii iii Tax paid to local authorities iii iv Total (ii+iii) iv v Annual Value (i – iv) [nil, if self -occupied etc. as per section 23(2)of the Act] v vi 30% of Annual Value vi vii Interest payable on borrowed capital vii viiiTotal(vi+vii) viii ix Arrears/Unrealised rent received during the year less 30% ix x Income chargeable under the head ‘House Property’ (v – viii) + ix B2 ( ) B3 Income from Other Sources (drop down to be provided in e-filing utility specifying nature of income) Less: Deduction u/s 57(iia) (in case of family pension only) Less: Deduction u/s. 57(iv) [in case of interest received u/s. 56(2)(viii)] B3 B4 Gross Total Income (B1+B2+B3) (If loss, put the figure in negative) B4 ( ) 12 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(i) PART C – DEDUCTIONS AND TAXABLE TOTAL INCOME (Refer instructions for Deduction limit as per Income-tax Act) 80C 80CCC 80CCD(1) 80CCD(1B) 80CCD(2) 80D (Details are to be filled in the drop down to be provided in e-filing utility) 80DD (Details are to be filled in the drop down to be provided in e-filing utility) 80DDB (Details are to be filled in the drop down to be provided in e-filing utility) 80E 80EE 80EEA 80EEB 80G (Details are to be filled in the drop down to be provided in e-filing utility) 80GG (Details are to be filled in the drop down to be provided in e- filing utility) 80GGA (Details are to be filled in the drop down to be provided in e- filing utility) 80GGC 80TTA 80TTB 80U (Details are to be filled in the drop down to be provided in e- filing utility) Total deductions C1 Total Income (B4-C1) C2 Exempt Income: For reporting purpose (NOTE – If agricultural income exceeds Rs.5000/-, other ITR, as applicable, has to be filed) Drop down to be provided in e-filing utility mentioning nature of exempt income, relevant clause and section PART D – COMPUTATION OF TAX PAYABLE D1 Tax payable on total income D2 Rebate u/s 87A