The authoritative anatomy of the tax administration said some fields accept been “rationalised” in the latest forms and that there is no change in the address of filing the ITRs as compared to aftermost year.
All the seven ITRs are to be filed electronically except for some chic of taxpayers, the CBDT said in a statement.
The best basal — ITR-1 or Sahaj — is to be abounding by the salaried chic of taxpayers, which was acclimated by 3 crore taxpayers during the aftermost banking year.
The anatomy this time seeks an assessees bacon capacity in abstracted fields and in a breakdown architecture such as allowances that are not exempt, amount of perquisites, accumulation in lieu of bacon and deductions claimed beneath area 16.
These capacity are provided in the Anatomy 16 of a salaried agent and a chief tax official said that these are now meant to be mentioned in the ITR for accuracy of deductions.
The CBDT said the ITR-1 can be filed by an alone who “is citizen added than not commonly citizen and accepting assets of up to Rs 50 lakh and who is accepting assets from salary, one abode acreage or added absorption income”.
“Further, the genitalia apropos to bacon and abode acreage accept been rationalised and capacity of basal capacity of bacon (as accessible in Anatomy 16) and assets from abode acreage accept been mandated,” CBDT agent Surabhi Ahluwalia said.
The ITR-2 has “also been rationalised” for individuals and HUFs (Hindu Undivided Families) accepting assets beneath any arch added than business or profession.
“The individuals and HUFs accepting assets beneath the arch business or profession shall book either ITR-3 or ITR-4 in presumptive assets cases,” the annual said.
Under the ITR-4, assessees who accept presumptive assets from business and profession will accept to accouter their GST allotment cardinal and its turnover.
In case of non-resident taxpayers, the claim of capacity capacity of “any one” adopted coffer annual has been connected like the aftermost time for the purpose of acclaim of refund, it said.
Further, the annual said, the claim of capacity capacity of banknote drop fabricated during a defined aeon (in the deathwatch of the agenda ban of 2016) as provided in ITR anatomy for the Appraisal Year 2017-18 has been “done abroad with” this time.
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