There are a few key points to remember about the new ITR forms that the government has announced.

The Income Tax Return Forms (ITR Forms) for the Assessment Year 2021-22 have been released by the Central Board of Direct Taxes (CBDT).

Changes to the Current ITR Forms

In contrast to last year’s ITR Forms, no major improvements have been made to the ITR Forms. Only the bare minimum changes were introduced as a result of revisions to the Income-tax Act of 1961.

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This has been achieved in light of the current COVID pandemic crisis.


Details about ITR Forms:
Easy ITR Forms to Make Doing Business Easier
  • Simpler ITR Forms 1 (Sahaj) and 4 (Sugam) are available for a significant number of small and medium taxpayers.
  • A person with income up to Rs. 50 lakh who receives income from salary, one house property, or other sources may file a Sahaj [ITR-1] (interest etc.).
  • Individuals, Hindu Undivided Families (HUFs), and companies (other than Limited Liability Partnerships (LLPs)) with total income up to Rs. 50 lakh and income from company and profession computed under the presumptive taxation provisions are entitled to file Sugam [ITR-4].
Other Forms
  • Individuals and HUFs without business or occupation income (and therefore not entitled to file Sahaj) can file ITR Form 2.
  • Individuals and HUFs with business or technical income will file ITR Form 3.
  • ITR Form 5 may be filed by individuals, HUFs, and companies such as partnership firms, LLPs, and so on.
  • ITR Form 6 may be filed by companies
  • ITR Form 7 may be filed by trusts, political parties, charitable organisations, and those who are seeking exempt profits under the Act.