New ITR Forms Applicable for AY 2019-20

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  • Last Updated on 8 April, 2021

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Which ITR Form is to be used for filing of return?

 
Individual and HUF
Nature of income ITR 1* (Sahaj) ITR 2 ITR 3 ITR 4 *
Salary Income
Income from salary/pension (for ordinarily resident person) ✓ ✓ ✓ ✓
Income from salary/pension (for not ordinarily resident and non-resident person)   ✓ ✓  
Any individual who is a Director in any company   ✓ ✓  
Income from House Property
Income or loss from one house property (excluding brought forward losses and losses to be carried forward) ✓ ✓ ✓ ✓
Individual has brought forward loss or losses to be carried forward under the head House Property   ✓ ✓  
Income or loss from more than one house property   ✓ ✓  
Income from Business or Profession
Income from business or profession     ✓  
Income from presumptive business or profession covered under section 44AD, 44ADA and 44AE (for person resident in India)       ✓
Income from presumptive business or profession covered under section 44AD, 44ADA and 44AE (for not ordinarily resident and non-resident person)     ✓  
Interest, salary, bonus, commission or share of profit received by a partner from a partnership firm     ✓  
Capital Gains
Taxpayer has held unlisted equity shares at any time during the previous year   ✓ ✓  
Capital gains/loss on sale of investments/property   ✓ ✓  
Income from Other Sources
Family Pension (for ordinarily resident person) ✓ ✓ ✓ ✓
Family Pension (for not ordinarily resident and non-resident person)   ✓ ✓  
Income from other sources (other than income chargeable to tax at special rates including winnings from lottery and race horses or losses under this head) ✓ ✓ ✓ ✓
Income from other sources (including income chargeable to tax at special rates including winnings from lottery and race horses or losses under this head)   ✓ ✓  
Dividend income exceeding Rs. 10 lakhs taxable under Section 115BBDA   ✓ ✓  
Unexplained income (i.e., cash credit, unexplained investment, etc.) taxable at 60% under Section 115BBE   ✓ ✓  
Person claiming deduction under Section 57 from income taxable under the head ‘Other Sources’ (other than deduction allowed from family pension)   ✓ ✓  
Deductions
Person claiming deduction under Section 80QQB or 80RRB in respect of royalty from patent or books   ✓ ✓  
Person claiming deduction under section 10AA or Part-C of Chapter VI-A     ✓  
Total Income
Agricultural income exceeding Rs. 5,000   ✓ ✓  
Total income exceeding Rs. 50 lakhs   ✓ ✓  
Assessee has any brought forward losses or losses to be carried forward under any head of income   ✓ ✓  
Computation of Tax liability
If an individual is taxable in respect of an income but TDS in respect of such income has been deducted in hands of any other person (i.e., clubbing of income, Portuguese Civil Code, etc.)   ✓ ✓  
Claiming relief of tax under sections 90, 90A or 91   ✓ ✓  
Others

Assessee has:

  ■  Income from foreign sources

  ■  Foreign Assets including financial interest in any foreign entity

  ■  Signing authority in any account outside India

  

✓

✓

  
Income to be apportioned in accordance with Section 5A   ✓ ✓  
* ITR-1 can be filed only by an Individual only who is ordinarily resident in India. ITR-4 can be filed only by an Individual or HUF who is ordinarily resident in India and by a firm (other than LLP) resident in India.
Other Assessees
Status of Assessee ITR 4 ITR 5 ITR 6 ITR 7
Firm (excluding LLPs) opting for presumptive taxation scheme of section 44AD, 44ADA or 44AE ✓      
Firm (including LLPs)   ✓    
Association of Persons (AOP)   ✓    
Body of Individuals (BOI)   ✓    
Local Authority   ✓    
Artificial Juridical Person   ✓    
Companies other than companies claiming exemption under Sec. 11     ✓  

Persons including companies required to furnish return under:

  ■  Section 139(4A);

  ■  Section 139(4B);

  ■  Section 139(4C);

  ■  Section 139(4D);

      

✓
Business Trust   ✓    
Investment Fund as referred to in Section 115UB   ✓    

 

 

For more updated information on Applicability and mode of filing new ITR forms for AY 2019-20, click here.

Disclaimer: The content/information published on the website is only for general information of the user and shall not be construed as legal advice. While the Taxmann has exercised reasonable efforts to ensure the veracity of information/content published, Taxmann shall be under no liability in any manner whatsoever for incorrect information, if any.

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