CBDT Notified New ITR Forms for the A.Y 2021-22

 The Central Board of Direct Taxes (CBDT) notified the new Income Tax Return (ITR) Forms for Assessment Year 2021-22. 

The Board notified the Income-tax (7th Amendment) Rules, 2021 which seeks to further amend Income- tax Rules, 1962. In the Income-tax Rules, 1962 , in rule 12, in sub-rule (1),  in the opening portion, for the figure “2020”, the figure “2021” shall be substituted. After sub-clause (vi), the sub-clauses shall be inserted, namely “is a person in whose case tax has been deducted under section 194N; or is a person in whose case payment or deduction of tax has been deferred under sub-section (2) of section 191 or sub-section (1C) of section 192.”

 In the principal rules, in Appendix-II, for Forms

SAHAJ ITR-1,

 ITR-2, 

ITR-3,

 SUGAM ITR-4,

 ITR-5,

 ITR-6,

 ITR-7



ITR-1 Sahaj

Form ITR-1 Sahaj is for the individuals being a resident (other than not ordinarily resident) having total income upto Rs.50 lakh, having Income from Salaries, one house property, other sources (Interest, etc.), and agricultural income upto Rs.5 thousand and not for an individual who is either Director in a company or has invested in unlisted equity shares or in cases where TDS has been deducted under section 194N or if income-tax is deferred on ESOP.

 Form ITR-1 Sahaj consists of five parts.

 Part-A consists of General Information,

 Part-B consists of gross total income,

 Part-C consists of deductions and taxable total income, 

Part-D consists of Computation of Tax Payable and Part-E consists of other Information.

 This form also consists of details of Advance Tax and Self-Assessment Tax payments and details of TDS/TCS 

ITR-2

Form ITR-2 is for Individuals and HUFs not having income from profits and gains of business or profession.


ITR-3

Form ITR-3 is for individuals and HUFs having income from profits and gains of business or profession.

ITR-4 Sugam

  • Form  ITR-4 is for Individuals, HUFs and Firms (other than LLP) being a resident having total income upto Rs.50 lakh and having income from business and profession which is computed under sections 44AD, 44ADA or 44AE
  • The form is not for an individual who is either Director in a company or has invested in unlisted equity shares or if income-tax is deferred on ESOP

ITR-5

  • Form ITR-5 is for persons other than- (i) individual, (ii) HUF, (iii) company, and (iv) person filing Form ITR-7
  • For Example Partnership Firm, LLP, local authority, AOP/BOI – other cooperative banks, other cooperative society, society registered under society registration Act, 1860 or any other Law corresponding to that state, Primary agricultural credit society/cooperative bank, Rural development bank, Business trust, investment fund, Trust other than trust eligible to file Return in ITR 7, any other AOP/BOI, artificial juridical person, sub-status- Estate of the deceased, Estate of the insolvent, Other AJP

ITR-6

Form ITR-6 is for Companies other than companies claiming exemption under section 11

ITR-7

Form ITR-7 is for persons including companies required to furnish return under sections 139(4A) or 139(4B) or 139(4C) or 139(4D) only


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