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    World Bank and Government of India Sign $88 million loan agreement for the implementation of Assam Inland Water Transport Project
    CBDT grants relaxation in eligibility conditions for filing of Income-tax Return Form-1 (Sahaj) and Form-4 (Sugam) for Assessment Year 2020-21
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January 16, 2020
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Development loan modernizes inland water transport, funding terminals, vessels, safety upgrades and institutional reform for better services.
A multilateral development loan finances modernization of Assam's inland water transport by upgrading terminals, deploying energy-efficient new and retrofitted vessels, improving navigation and safety equipment, enhancing passenger amenities with attention to women and vulnerable users, and implementing institutional reforms including corporatisation of ferry operations and establishment of a ports company, supported by strengthened regulation; the IBRD loan has a final maturity of 14.5 years including a five-year grace period.
January 10, 2020
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Eligibility for simplified ITR forms expanded to permit joint owners and proviso-based filers to use Sahaj or Sugam.
Persons who jointly own a single house property and otherwise meet conditions may file returns in ITR-1 (Sahaj) or ITR-4 (Sugam) as applicable; additionally, persons required to file solely by virtue of meeting one or more conditions in the seventh proviso to section 139(1) may file in ITR-1 if otherwise eligible.

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Acts Income Tax