The Central Board of Direct Taxes (CBDT) has released JSON Utility for ITR-1 & ITR-4 for Assessment Year 21-22 and accordingly discontinued Excel and Java Version of ITR Utilities from AY 2021-22.
Recently, CBDT had notified New Income Tax Return Forms for AY 2021-22 vide Notification no.21/2021 dated 31.03.2021.
Keeping in view the ongoing crisis due to COVID pandemic and to facilitate the taxpayers, no significant change have been made to the ITR Forms in comparison to the last year’s ITR Forms. Only the bare minimum changes necessitated due to amendments in the Income-tax Act, 1961 have been made.
The ITR 1 is for individuals being a resident (other than not ordinarily resident) having total income up to Rs.50 lakh, having Income from Salaries, one house property, other sources (Interest etc.), and agricultural income up to Rs.5 thousand (Not for an individual who is either Director in a company or has invested in unlisted equity shares or in cases where TDS has been deducted u/s 194N or if income-tax is deferred on ESOP
The ITR 4 is 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 or if income-tax is deferred on ESOP)).
Read our Guide to ITR 1 and ITR 4 JSON Utillity - Income Tax Return filing
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