Central Board of Direct Taxes (CBDT) has issued Notification No.31/2020 to notify the new Income Tax Return (ITR) Forms for Assessment Year 2020-21.
The description for each form are laid in the below table:
| Sl No. | ITR | Particulars |
| 1 | ITR-1-Sahaj |
|
| 2 | ITR-2 | For Individuals and HUFs not having income from profits and gains of business or profession |
| 3 | ITR-3 | For Individuals and HUFs having income from profits and gains of business or profession |
| 4 | ITR-4-Sugam |
|
| 5 | ITR-5 | For persons other than-
a) Individual, b) HUF, c) Company and d) Person filing Form ITR-7 |
| 6 | ITR-6 | For Companies other than companies claiming exemption under section 11 |
| 7 | ITR-7 | For persons including companies required to furnish return under sections 139(4A) or 139(4B) or 139(4C) or 139(4D) only |
| 8 | ITR-V | ITR Acknowledgement |
Also, a new schedule ‘Schedule DI’ has been inserted to allow claim of investments/ deposits/ payments made between 1st April, 2020 to 30th June, 2020 for the previous year 2019-20 in respect of investments for claiming deductions under Chapter VIA, deductions under Section 10 AA and Payment/Acquisition/Purchase/Construction for the purpose of claiming deduction u/s 54 to 54GB
For further information and ITR Forms please refer the attached document.
Source: Central Board of Direct Taxes (CBDT)
