CBDT has notified new ITR Forms (Income Tax Return Forms) SAHAJ (ITR-1), ITR-2 and SUGAM (ITR-4S) for AY 2015-16. However the schema for xml eReturn generation is still awaited.
Key changes observed in the notified forms is as follows:
- Aadhaar number to be mentioned in the ITRs.
- New ‘Schedule BA : Details of Bank Accounts‘ introduced. Assessee will now have to disclose details of all bank accounts held during the year (including opened/closed).
- New ‘Schdule FT : Details of Foreign travel and expenses’ incurred by the assessee during the year.
CBDT has also amended Rule 12 of the Income Tax Rules, 1962 expanding the scope of e-filing.
- Returns can be furnished in any of the following manner
- Electronically under Digital Signature; or
- Transmitting the data in the return electronically, under electronic verification code; or
- Transmitting the data in the return electronically and thereafter submitting Form ITR-V; or
- Paper form
- e-Filing NOT mandatory for:
- Individuals above 80 years and are furnishing ITR-1 or ITR-2
- Individuals/HUF with total income upto five lakhs
- Individuals claiming refund should mandatorily e-file the return
- Mandatory e-Filing with Digital Signature in the below mentioned cases
- Companies
- Assessees whose accounts are required to be audited U/s 44AB of the Act;
- Political party filing ITR 7
- ITR 1 and ITR 4S shall not be applicable to persons, who is a resident and has
- Assets (including financial interest in any entity) located outside India
- Signing authority in any account located outside India;
- Income from any source outside India.
For more information log on to:
http://www.incometaxindia.gov.in/Pages/downloads/income-tax-return.aspx
http://www.incometaxindia.gov.in/communications/notification/notification41_2015.pdf
please giv me excel formet itr v itr 1 -2015-16
Dear Sir/Madam,
When the forms get relesd? Please,release it quicly it is too late sir/madam.
Neha Tiwari
Dear Sir/Madam
When the forms of Return For AY 2015-16 get realesed ? Please,release it quickly.
we axpect quick actions from your side.
Thank U
NEHA TIWARI
Kindly provide me ITR1 excel sheet for AY2015-2016 &FY 2015-2016
itr1 2015-16 all formats
sir/madam
please release the income tax form 2015-16 salaried person and individual
Please provide salary on line e return form.
SALARY RETURN
Dear Sir/Madam
Could you please let me know where i can find the Schedule BA section in an online ITR-I form?
New ‘Schedule BA : Details of Bank Accounts‘ introduced. Assessee will now have to disclose details of all bank accounts held during the year (including opened/closed).
RajSV
Veri nice