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
- 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.
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.
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: