New ITR Forms for FY 2017-18/ AY 2018-19 with Excel Utility

Simplified New Income Tax Return (ITR) Forms for AY 2018-19 (corresponding to FY/ PY 2017-18) notified by CBDT (Download pdf copy and Excel Utility)

CBDT has notified the new Income Tax Return (ITR) forms for FY 2017-18/ AY 2018-19 for simplified manual submission/ e-filing of returns, vide Notification No. 16/2018 dt. 3 April, 2018. Further, Excel/ Java Utility for Form ITR-1 Sahaj has been released and e-filing has been enabled on e-filing website on 14 April, 2018.

New ITR forms incorporates the amendments made by the Finance Act, 2017. Also, new ITR forms requires assessees to quote GST Registration No., GST Turnover, etc. and to provide the figures of Ind AS compliant financial statements.

There is no change in the manner of filing of ITR Forms as compared to last year as these are to be filed electronically. Where return is furnished in ITR Form-1 (Sahaj) or ITR-4 (Sugam), certain persons have an option to file return in paper form.

Requirement of furnishing details of cash deposit for specified period as provided in ITR Form for AY 2017-18 has been done away with from AY 2018-19.

Requirement of furnishing details of any one foreign Bank account has been provided for NRIs for the purpose of credit of refund.

Individuals & HUFs having income under the head business or profession to file either ITR Form-3 or ITR Form-4 (in presumptive income cases).

ITR Form-2 has also been rationalised. Individuals & HUFs having income under any head other than business or profession are eligible to file ITR Form-2.

For AY 2018-19 too, a one page simplified ITR Form-1 (Sahaj) has been notified.This can be filed by an individual who is resident other than not ordinarily resident,having income upto Rs. 50 lakh from salary, one house property/ other income (interest, etc.).

Download pdf copy/ Excel Utility of New ITR Forms AY 2018-19

1. ITR 1 Sahaj:

For individuals being a resident other than not ordinarily resident having Income from Salaries, one house property, other sources (Interest etc.) and having total income upto Rs.50 lakh:

Form ITR-1 Sahaj (PDF) 

ITR-1 Sahaj (Excel Utility) – Updated 14 April, 2018

2. ITR-2

Form ITR-2 (PDF)

3. ITR-3

Form ITR-3 (PDF)

4. ITR-4 Sugam

Form ITR-4 Sugam (PDF)

5. ITR-5

Form ITR-5 (PDF)

6. ITR-6

Form ITR-6 (PDF)

7. ITR-7

Form ITR-7 (PDF)

CBDT Notifications/ Press Releases on New ITR Form FY 2017-18/ AY 2018-19

New ITR Forms for FY 2017-18/ AY 2018-19 notified: CBDT Press Release dt. 5 Apr. 2018

The Central Board of Direct Taxes(CBDT) has notified Income Tax Return Forms (ITR Forms) for the Assessment Year 2018-19. For Assessment Year 2017-18, a one page simplified ITR Form-1(Sahaj) was notified. This initiative benefited around 3 crore taxpayers, who have filed their return in this simplified Form. For Assessment Year 2018-19 also, a one page simplified ITR Form-1(Sahaj) has been notified. This ITR Form-1 (Sahaj) can be filed by an individual who is resident other than not ordinarily resident, having income upto Rs.50 lakh and who is receiving income from salary, one house property / other income (interest etc.). Further, the parts relating to salary and house property have been rationalised and furnishing of basic details of salary (as available in Form 16) and income from house property have been mandated.

ITR Form-2 has also been rationalised by providing that Individuals and HUFs having income under any head other than business or profession shall be eligible to file ITR Form-2. The Individuals and HUFs having income under the head business or profession shall file either ITR Form-3 or ITR Form-4 (in presumptive income cases).

In case of non-residents, the requirement of furnishing details of any one foreign Bank Account has been provided for the purpose of credit of refund. Further, the requirement of furnishing details of cash deposit made during a specified period as provided in ITR Form for the Assessment Year 2017-18 has been done away with from Assessment Year 2018-19.

There is no change in the manner of filing of ITR Forms as compared to last year. All these ITR Forms are to be filed electronically. However, where return is furnished in ITR Form-1 (Sahaj) or ITR-4 (Sugam), the following persons have an option to file return in paper form:-

(i) an Individual of the age of 80 years or more at any time during the previous year; or

(ii) an Individual or HUF whose income does not exceed five lakh rupees and who has not claimed any refund in the Return of Income.

The notified ITR Forms are available on the official website of the Department www.incometaxindia.gov.in

New ITR Forms FY 2017-18/ AY 2018-19: CBDT Notification No. 16/2018 dt. 3 Apr. 2018

G.S.R. 332(E).—In exercise of the powers conferred by section 139 read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:-

1. (1) These rules may be called the Income-tax (Second Amendment) Rules, 2018. (2) They shall be deemed to have come into force with effect from the 1st day of April, 2018.

2. In the Income-tax rules, 1962 (hereinafter referred to as the principal rules), in rule 12,−

(a) in sub-rule (1),-

(I) for the figures “2017”, the figures “2018” shall be substituted;

(II) in clause (a),-

(i) for the words “an individual”, the words “an individual who is a resident other than not
ordinarily resident and” shall be substituted;

(ii) in sub-clause (ii), after the words “brought forward loss”, the words “or loss to be carried forward” shall be inserted;

(iii) in the proviso, for item (I), the following shall be substituted, namely:-

“(I) has assets (including financial interest in any entity) located outside India;

(IA) has signing authority in any account located outside India;

(IB) has income from any source outside India;

(IC) has income to be apportioned in accordance with provisions of section 5A;”;

(III) in clause (c), for the words “derived from a proprietory”, the words “under the head” shall be substituted;

(IV) in clause (d), for the words “deriving income from a proprietory”, the words “having income under the head” shall be substituted;

(b) in sub-rule (5), for the figures “2016”, the figures “2017” shall be substituted.

3. In the principal rules, in Appendix II, for Forms “Forms Sahaj (ITR-1), Form ITR-2, Form ITR-3, Form Sugam (ITR-4), Form ITR-5, Form ITR-6, Form ITR-7 and Form ITR-V”, the following Forms shall be respectively substituted, namely:- (please refer forms attached separately) 

Note.- The principal rules were published in the Gazette of India, Extraordinary, Part-II, Section 3, Subsection (ii) vide notification number S.O.969(E), dated the 26th March, 1962 and last amended by the Income-tax (First Amendment) Rules, 2018, vide notification number GSR 176 (E), dated 19th February, 2018.

Explanatory Memorandum: By giving retrospective effect to the amendment rules, no one will be adversely affected and the retrospectivity is being given to the present rules as these are applicable for the assessment year commencing on the 1st day of April, 2018 i.e. Assessment Year 2018-19.

3 Comments

  1. Jagmer Singh Sharma Apr 6, 2018
  2. AMIT Apr 8, 2018
  3. Ganu Krishnan Apr 20, 2018

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