ITR Decoded: All about new ITR Forms

ITR Decoded: All about new ITR Forms

New income tax return forms will be used to report income earned in the financial year 2018-19

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Archit Gupta
  • May 2, 2019,
  • Updated May 2, 2019 8:23 PM IST

New income tax return forms (ITR forms) have been notified for the Assessment Year 2019-20 (FY 2018-19). These forms will be used to report income earned in the financial year 2018-19. Notably, the facility of paper filing is now available only to those who are more than 80 years of age and are filing ITR-1 or ITR-4. All other taxpayers must file ITR online mandatorily.

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The forms notified for AY 2019-20 require additional detailed disclosures for a variety of income sources, transactions and so on. The following are details on who can file specific ITR forms:

New income tax return forms (ITR forms) have been notified for the Assessment Year 2019-20 (FY 2018-19). These forms will be used to report income earned in the financial year 2018-19. Notably, the facility of paper filing is now available only to those who are more than 80 years of age and are filing ITR-1 or ITR-4. All other taxpayers must file ITR online mandatorily.

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The forms notified for AY 2019-20 require additional detailed disclosures for a variety of income sources, transactions and so on. The following are details on who can file specific ITR forms:

Read more!
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