Now the Salaried Employees can file their income tax return for the Assessment Year 2020-2021.
Applicability of Form ITR-1
For Individuals being a Resident (other than Not Ordinarily Resident) having Total Income upto Rs.50 lakhs, having Income from Salaries, One House Property, Other Sources (Interest etc.), and Agricultural Income upto Rs.5 thousand(Not for an Individual who is either Director in a company or has invested in Unlisted Equity Shares)
New Excel / Java Utility for Form ITR-1 for the Assessment Year 2020-2021 has been launched by the Income Tax Department.
Last Date to file Income Tax Return for the Assessment Year 2020-21 is 30th November 2020
Click Here to download ITR Forms for A.Y. 2020-2021
Compiled by :
CA IP Mukesh Mittal
B.Com., FCA
Insolvency Professional
Independent Director
Certified Concurrent Auditor
9215536951, 9813340495
ca.mukeshmittal@gmail.com
https://camukeshmittal.blogspot.com
DISCLAIMER: The Author have taken utmost care while drafting the article but it may occur that certain error creeps in. This article is for academic purpose and should not be treated as a professional advice. The readers are advised to refer the Bare Acts and Rules before making any judgment.
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