Income Tax Forms 9-9 The Worst Advices We’ve Heard For Income Tax Forms 9-9

The assets tax filing division begins with the alpha of a new banking year. Keeping the timing in check, the Central Board of Direct Tax has notified the assets tax acknowledgment (ITR) forms for individuals as able-bodied as companies for the banking year 2018-19 (assessment year 2019-20).



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The ITR forms for the year accommodate no changes in ITR-a or Sahaj (that is filed by the salaried chic individuals but sections of ITR 2,3,5, 6 and 7 accept been rationalised.

ITR for the FY 2018-19 needs to be filed aural the end of FY 2019-20, however, to abstain a penalty, you charge to book it by 31 July 2019 (for those who do not charge to get their accounts audited).



The assorted ITR forms and who charge to book them:



ITR-1 or Sahaj

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It should be filed by individuals with a absolute assets of up to Rs 50 lakh in the FY, accepting assets from salaries (or pension), one abode property, added sources (like interest), and agronomical assets up to Rs 5,000.

ITR-2

It is to be filed by individuals and HUFs who accept assets beyond Rs 50 lakh for the year, from salaries (or pension), one abode property, added sources (like interest), and agronomical assets over Rs 5,000.

ITR-3

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For individuals and HUFs accepting assets from profits and assets of business or profession.

ITR-4 or Sugam

It is meant for individuals, HUFs and firms (other than LLP) accepting a absolute assets of up to Rs 50 lakh and accepting presumptive assets from business and profession.

Those filing ITR-3 and ITR-6 (companies) will accept to acknowledge advice apropos about-face / gross receipts appear for Goods and Services Tax included now in ITR-3 and ITR- 6 also. Last year, it was applicative alone for those assessees filing ITR-4.

income tax forms 2018-19
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With inputs from PTI

Also Read:

Missed March 31 Deadline For ITR Filing: IT Dept May Take This Course

IT Dept To Analysis Tax Evasion Through Project Insight This FY

income tax forms 2018-19
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Last Updated: December 7th, 2019 by darurat
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