New Income Tax Return Forms for AY 2020-21 | New ITR Forms
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CBDT had notified New Income Tax Return Forms for the Assessment Year 2020-21 discussed by CA. Satuti Mahajan.
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• New Income Tax Return Forms for AY 2020-21...
CBDT has vide Notification No. 31/2020 dated 29.05.2020 notified the new ITR forms for FY 2019-20/ AY 2020-21 in line with the amendments made by the Finance Act, 2019.
The ITR-1 (Sahaj) and ITR-4 (Sugam) notified earlier vide Notification No. 01/2020 dated 03.01.2020 have been revised to incorporate the changes or amendments prescribed by the Taxation and other Laws (Relaxation of
Certain Provisions) Ordinance, 2020 promulgated on 31.03.2020 in order to provide relief due to outbreak of COVID-19 and the consequent lockdown imposed in the whole country since 25th March 2020.
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