As per new Income Tax Forms you must have Aadhaar Number otherwise you will not be able to E-file IT Return . Though Due date for linking aadhaar number with PAN has been extended to 30.09.2019.
Income Tax department has released the New Income tax forms for the Financial year 2018-19 assessment year 2019-20 vide notification 32/2019 .However the E-filing of this forms is yet to be started on Income tax india Efiling site.
In the new Income Tax forms, those filing ITR-3 and ITR-6 (companies) will have to disclose information regarding turnover/gross receipts reported for Goods and Services Tax included now in ITR-3 and ITR- 6 also.
Some interesting changes include in new income tax forms :
· For landlords: For TDS relief, landlords will have to quote the PAN card of the tenant. They will also have to list the period of stay of the tenant. This will apply to individuals who earn from rent and file ITR-2.
· Those getting money in the form of donation would have to give details of the name of donors, their address and PAN.
· Taxpayers having an agricultural income need to file ITR-2 with details of the and, the name of the district when he owns the land and the PIN. They will also have to share details of the ownership of the land, whether it is irrigated or dependent on rainwater.
· The tax department has stopped investors and company directors from filing ITR with Sahaj and Sugam forms.
· In ITR-6, taxpayers would have to share details of money in foreign accounts, equities and bonds.
ITR last date
The last date of filing Income Tax Return (ITR) is July 31 for those who are not required to get their accounts audited.
For individuals being a resident (other than not ordinarily resident) having total income upto Rs.50 lakh, having Income from Salaries, one house property, other sources (Interest etc.), and agricultural income upto Rs.5 thousand
For Individuals and HUFs not having income from profits and gains of business or profession
For individuals and HUFs having income from profits and gains of business or profession
For Individuals, HUFs and Firms (other than LLP) being a resident having total income upto Rs.50 lakh and having income from business and profession which is computed under sections 44AD, 44ADA or 44AE
For persons other than,- (i) individual, (ii) HUF, (iii) company and (iv) person filing Form ITR-7
For Companies other than companies claiming exemption under section 11
For persons including companies required to furnish return under sections 139(4A) or 139(4B) or 139(4C) or 139(4D) only