Cetral Board of Direct Tax (CBDT) has notified ITR 1,2,3 and 4 for filing income tax return for the Assessment Year 2019-20.

Due date for filing income tax return for the tax payer not liable to tax audit is 31st July,2019. Taxpayer is hereby advise to file Income Tax Return on time to avoice late fees and interest.

The date of Availibilty of Income Tax Return (ITR) for the Assessment Year 2018-19 is as under.

Income Tax Return (ITR) Date of availability for filing
ITR 1 & 4 9th April, 2019
ITR 2 2nd May, 2019
ITR 3 10th May, 2019

Applicability of various type of Income Tax Return (ITR) is as under.

Income Tax Return Description
ITR 1 For Individuals being a Resident (other than Not Ordinarily Resident) having Total Income upto Rs.50 lakhs, having Income from Salaries, One House Property, Other Sources (Interest etc.), and Agricultural Income upto Rs.5 thousand
(Not for an Individual who is either Director in a company or has invested in Unlisted Equity Shares)
ITR 2 For Individuals and HUFs not having income from profits and gains of business or profession
ITR 3 For individuals and HUFs having income from profits and gains of business or profession
ITR 4 For Individuals, HUFs and Firms (other than LLP) being a Resident having Total Income upto Rs.50 lakhs and having income from Business and Profession which is computed under sections 44AD, 44ADA or 44AE
(Not for an Individual who is either Director in a company or has invested in Unlisted Equity Shares)

 

0

LEAVE A REPLY

Please enter your comment!
Please enter your name here