ITR Form Sahaj (ITR-1) and Sugam (ITR-4) for AY 2020-21 released
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Загружено: 2020-01-05
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ITR Form Sahaj (ITR-1) and Sugam (ITR-4) for AY 2020-21 released
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ITR Form 1 is used by an individual who is a resident other than not ordinarily resident, whose total income for the assessment year 2020-21 does not exceed Rs. 50 lakh and who has income under the following heads:-
(a) Income from Salary/ Pension; or
(b) Income from One House Property; or
(c) Income from Other Sources.
One Can Download ITR 1 AY 2020-21 from Income Tax's Website, after 31st March 2020.
ITR Form 4 is to be used by an individual or HUF, who is resident other than not ordinarily resident, or a Firm (other than LLP) which is a resident, whose total income for the assessment year 2020-21 does not exceed Rs.50 lakh and who has income under the following heads:-
(a) Income from business where such income is computed on presumptive basis under Section 44AD (i.e. Gross Turnover upto Rs. 2 crore) or Section 44AE (income from goods carriage upto ten vehicles); or
(b) Income from Profession where such income is computed on presumptive basis under Section 44ADA (i.e. Gross receipt upto Rs. 50 lakh); or
(c) Income from Salary/ Pension; or
(d) Income from One House Property; or
(e) Income from Other Sources.
One Can Download ITR 4 AY 2020-21 from Income Tax's Website, after 31st March 2020.

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