Compliance With New ITR form and Additional Detail Requirement
The New Income tax return has been notified Vide notification number 32/2019 regarding changes and additional information while filling The Income Tax return for the A.Y 2019-20. 
* Taxpayer having only Income form Partnership Firm can File ITR 2 With Partnership firm income Insteed of ITR 3.
* ITR-1 can be filed only by an Individual only who is ordinarily resident in India. ITR-4 can be filed only by an Individual or HUF who is ordinarily resident in India and by a firm (other than LLP) resident in India.
* Now ITR-4 can be filed only by resident individuals, HUF and Firms having income upto Rs.50 Lacs. Those having income above Rs.50 Lacs will have to file ITR-3 and provide more information.
* Now ITR-4 can be filed only by resident individuals, HUF and Firms having income upto Rs.50 Lacs. Those having income above Rs.50 Lacs will have to file ITR-3 and provide more information.
Additional Discloser Requirement while filling of return:
1. Salaried Income:
2. Agriculture income:
3. Details Regarding Director:
4. GST registered Person :
5. Long Term Capital Gain:
6. Donation:
7. Deduction:
8. Paper Return:
9. Tax Credit:
10. Detailed information of shareholders: by Unlisted Companies and Startups
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Good presentation Pankaj...
ReplyDeleteManan Shah