AI OCR 
TaxTMI 
TaxTMI 
TaxTMI 
Income-tax (Thirtieth Amendment) Rules, 2023 - New ITR forms - Form ITR-1 SAHAJ and Form ITR-4 SUGAM
X X X X Extracts X X X X
X X X X Extracts X X X X
.... ITR-4 SUGAM, the following Form shall be substituted, namely:- [F. No. 370142/45/2023-TPL (Part-I)] SURBENDU THAKUR, Under Secy. Tax Policy & Legislation Note: The principal rules were published vide notification number S.O.s 969(E) dated the 26th March, 1961 and last amended vide notification number G.S.R. 900 dated the 19th December, 2023. ============= Document 1 FORM ITR-1 SAHAJ INDIAN INCOME TAX RETURN [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] Assessment Year [Not for an individual who is either Director in a company or has invested in 2024 unlisted equity shares or in cases where TDS has been deducted u/s 194N or if income-tax is deferred on ESOP] (Refer instructions for eligibility) 25 PART A GENERAL INFORMATION (A2) First Name (A4) Date of Birth DDMMYYYY (A5) Aadhaar Number (12 digits)/Aadhaar Enrolment Id (28 digits) (If eligible for Aadhaar No.) (A2a) (A1) PAN Middle Name (A3) Last name (A6) Mobile No. (A7) Email Address (A15) Filed u/s (Tick) [Pl....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... e-filing utility) id e Income from retirement benefit account maintained in a country other than notified country u/s 89A ie Less allowances to the extent exempt u/s 10 (drop down to be provided in e-filing ii utility) ii (Ensure that it is included in salary income u/s 17(1)/17(2)/17(3) ) iia iii iv iva iia Less: Income claimed for relief from taxation u/s 89A iii Net Salary (i - ii-iia) iv Deductions u/s 16 (iva + ivb + ivc) a Standard deduction u/s 16(ia) b Entertainment allowance u/s 16(ii) c Professional tax u/s 16(iii) ivb ivc v Income chargeable under the head 'Salaries' (iii - iv) B1 Amount (Rs) (If Yes) Amount (Rs) (If Yes) (Tick) Yes ☠No Whole- Rupee() only B2 Tick applicable option ☠Self-Occupied ☠Let Out ☠Deemed Let Out i Gross rent received/ receivable/lettable value during the year i ii Tax paid to local authorities ii iii Annual Value (i - ii) iii iv iv 30% of Annual Value v Interest payable on borrowed capital vi Arrears/Unrealised rent received during the year less 30% V vi vii Income chargeable under the head ‘House Property' (iii - iv - v) + vi (If loss, put the figure in negative) B2 Not....
X X X X Extracts X X X X
X X X X Extracts X X X X
....RMATION Details of all Bank Accounts held in India at any time during the previous year (excluding dormant accounts) Sl. IFS Code of the Bank Name of the Bank Account Number Type of account (Dropdown to be provided by E-filing utility) Select Account for Refund Credit I 1. Minimum one account should be selected for refund credit. 2. In case of Refund, multiple accounts are selected for refund credit, then refund will be credited to one of the account decided by CPC after processing the return. Schedule-IT Details of Advance Tax and Self-Assessment Tax payments BSR Code Date of Deposit (DD/MM/YYYY) Col (1) Col (2) Serial Number of Challan Tax paid Col (3) Col (4) R1 R2 ˇˇˇˇˇˇˇˇˇˇˇˇ Schedule-TDS Details of TDS/TCS [As per Form 16/16A/16C/27D issued by the Deductor(s)/ Employer(s)/ Payer(s)/ Collector(s)] TAN of deductor/Collector or PAN/ Aadhaar No. of the Tenant Col (2) Name of the Deductor/ Collector/Tenant Year of tax deduction/ collection Tax Deducted/ collected TDS/TCS credit out of (5) claimed this Year Gross payment/ receipt which is subject to tax deduction/collection Col (3)....
X X X X Extracts X X X X
X X X X Extracts X X X X
....(4)-After due date, ☠139(5)- Revised Return, ■119(2)(b)- After Condonation of delay (A21) If revised/defective then enter Receipt No. and Date of filing of original return (DD/MM/YYYY) 139(9) 142(1) ☠148 ☠153C (A22) If filed in response to notice u/s 139(9) /142(1)/148/153C or order u/s 119(2)(b)- enter Unique Number/ Document Identification Number (DIN) & Date of such Notice or Order (A23) Have you exercised the option u/s 115BAC(6) of Opting out of new tax regime? (default is "No") ☠No ☠Yes, within the due date Yes, but beyond the due date (If option other than 'No' is selected, please furnish date of filing and Acknowledgement number of form 10-IEA) Note-For Opting out, option should be exercised on or before the due date for filing return u/s 139(1) (A24) Are you filing return of income under Seventh proviso to section 139(1) but otherwise not required to furnish return of income? (Not applicable in case of firm) - (Tick) □ Yes No If yes, please furnish following information as provided in e-filing utility [Note: To be filled only if a person is not required to furnish a return of income under section 139(1) but filing re....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... HOUSE PROPERTY i Gross rent received/receivable/lettable value during the year ii Tax paid to local authorities iii Annual Value (i - ii) iv 30% of Annual Value v Interest payable on borrowed capital vi Arrears/Unrealized Rent received during the year Less 30% Income chargeable under the head ‘House Property' (iii - iv – v) + vi iva ivb ivc B2 i ii iii iv V vi vii (If loss, put the figure in negative) Note:-Maximum loss from house property that can be set-off is INR 2, |00,000. To avail the benefit of carry forward and set of loss, please use ITR -3/5. B3 Income from Other Sources drop down like interest from saving account, deposit etc. to be provided in e- B4 B4 filing utility specifying nature of income and in case of dividend and Income from retirement benefit account maintained in a notified country u/s 89A, please mention quarterly breakup for allowing applicable relief from section 234C NOTE-Fill "Sch TDS2†if applicable. Less: Deduction u/s 57(iia) (in case of family pension only) Less: Income claimed for relief from taxation u/s 89A B5 Gross Total Income (B1+B2+B3+B4) To avail the benefit of carry forward and set of loss, pl....
X X X X Extracts X X X X
X X X X Extracts X X X X
....0 provided by E-filing utility) Credit ii 1. Minimum one account should be selected for refund credit. 2. In case of Refund, multiple accounts are selected for refund credit, then refund will be credited to one of the account decided by CPC after processing the return SCHEDULE BP – DETAILS OF INCOME FROM BUSINESS OR PROFESSION COMPUTATION OF PRESUMPTIVE BUSINESS INCOME UNDER SECTION 44AD S. No. (i) Name of Business Business code E1 Gross Turnover or Gross Receipts (E1 limited to Rs.2 Crores, however if E1b is less than or equal to 5% of E1 then the limit under E1 is extended to Rs.3 Crores.) Description a Through a/c payee cheque or a/c payee bank draft or bank electronic clearing system received or prescribed electronic modes received before specified date Ela b Receipts in Cash Elb Ñ Any mode other than a and b Elc E2 Presumptive Income under section 44AD a 6% of Ela or the amount claimed to have been earned, whichever is higher E2a b 8% of (E1b+E1c) or the amount claimed to have been earned, whichever is higher E2b Ñ Total (a + b) E2c NOTE If Income is less than the above percentage of Gross Receipts, it is mandatory to have a ta....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ital E12 Secured loans E13 Unsecured loans E14 Advances E11 E12 E13 E14 E15 Sundry creditors E15 E16 Other liabilities E16 E17 Total capital and liabilities (E11+E12+E13+E14+E15+E16) E17 E18 Fixed assets E18 E19 Inventories E19 E20 Sundry debtors E20 E21 Balance with banks E21 E22 Cash-in-hand E22 E23 Loans and advances E23 E24 Other assets E24 E25 Total assets (E18+E19+E20+E21+E22+E23+E24) E25 NOTE Please refer to instructions for filling out this schedule (E15, E19, E20, E22 are mandatory and others if available) SCHEDULE IT DETAILS OF ADVANCE TAX AND SELF ASSESSMENT TAX PAYMENTS R1 R2 R3 NOTE BSR Code Col (1) Date of Deposit (DD/MM/YYYY) Col (2) Enter the totals of Advance tax and Self-Assessment tax in D13 & D14 Challan No. Col (3) Tax paid Col (4) Schedule TCS Details of Tax Collected at Source [As per Form 27D issued by the Collector(s)] Name of the Collector Details of amount paid as mentioned in Form 26AS Tax Collected Col (2) Col (3) Col (4) Amount out of (4) being claimed Col (5) SI Tax Collection Account No Number of the Collector (1) Col (1) I li NOTE Please enter total of column (5) of Sche....