Income Tax Returns: Five changes that you need know about for AY 19-20 – DNA India

  • Press Release|
  • < 1 minute
  • By Taxmann
  • |
  • Last Updated on 28 October, 2020
It is the season of filing Income Tax returns. The last date for filing an ITR is July 31. As per Taxmann, the CBDT has notified five important changes for the assessment year 2019-20.
For an individual, there are six different ITR forms to file a return. For income from salary, an individual has to file ITR 1, for income from capital gains, the taxpayer has to file ITR 2, ITR 3, if he/she has an income from business/profession and ITR 4, if an individual has income under presumptive taxation schemes such as income for small businesses or an individual is transporter who owns less than 10 vehicles, etc. The website also claims that there as many 75 changes made in the current ITR form.


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