- Due to COVID pandemic there are only minimum changes due to Income Tax Amendments
- There is no Change in the manner of filing the ITR forms
The Central Board of Direct Taxes has notified Income Tax Return Forms (ITR Forms) for the Assessment
Year 2021-22 vide Notification no.21/2021 in G.S.R. 242(E) dated 31.03.2021. Keeping in view the ongoing
crisis due to COVID pandemic and to facilitate the taxpayers, no significant change have been made to the
ITR Forms in comparison to the last year’s ITR Forms. Only the bare minimum changes necessitated due to
amendments in the Income-tax Act, 1961 have been made.
ITR Form 1 (Sahaj) and ITR Form 4 (Sugam) are simpler Forms that cater to a large number of small and
medium taxpayers. Sahaj can be filed by an individual having income upto Rs. 50 lakh and who receives
income from salary, one house property / other sources (interest etc.). Similarly, Sugam can be filed by
individuals, Hindu Undivided Families (HUFs) and firms (other than Limited Liability Partnerships (LLPs))
having total income upto Rs. 50 lakh and income from business and profession computed under the
presumptive taxation provisions.
Individuals and HUFs not having income from business or profession (and not eligible for filing Sahaj) can
file ITR-2 while those having income from business or profession can file ITR Form 3. Persons other than
individual, HUF and companies i.e. partnership firm, LLP etc. can file ITR Form 5. Companies can file ITR
Form 6. Trusts, political parties, charitable institutions etc. claiming exempt income under the Act can file
ITR-7.
File your Income Tax Return with TaxRodo