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head ‘Income from house property’ can ITR 6
no longer use ITR-1 to file the income tax To be filed by Companies other than
return. Companies claiming exemption under
section 11 of the Act**
ITR 2
To be filed by Individuals and HUFs not Note - In Schedule BP, under Section F
– “Intra head set off of business loss
having Profits and Gains of Business or of current year”, loss from business of
Profession. profession can now be set off against
Income from Life Insurance business
ITR 3 under section 115B of the Act.
To be filed by Individuals and HUFs
having Profits and Gains of Business or ITR 7
Profession. To be filed by Persons (including
Companies) required to furnish Return
ITR 4 (Sugam) under section 139(4A) or 139(4B) or
To be filed by Individuals^, HUFs and 139(4C) or 139(4D) of the Act only**
Firms (other than LLPs) being a Resident Note
having Total Income up to ` 50 lakhs
and having income only under the 1. Under Part A - GEN, four more
following heads: declarations are added in the
table “Details of registration or
1. Profits and Gains of Business or approval under the Income-tax
Profession computed under section Act (Mandatory, if required to be
44AD, 44ADA or 44AE of the Act registered)”
2. Income from salary a. Whether Application for
3. Income from one house property registration is made as per new
provisions
4. Income from other sources
b. Section under which the
This ITR cannot be used if the assesses registration is applied
stated above have any assets/income
from foreign country, Income from Capital c. Date on which the application for
Gains or holding Directorship in any registration/approval as per new
Company or holding any equity shares in provisions is made
unlisted company at any time during year d. Section of exemption opted for
2019-20, should not have income from under the new provisions
more than one house property or by the
Individual who is assessable for whole or 2. Following 2 points have been
any part of the income on which TDS has removed from Part B - TI:
been deducted in the hands of a person a. Corpus donation to other trust
other than the assessee.
or institution chargeable as per
Explanation 2 to section 11(1)
ITR 5
To be filed by Persons other than b. Deduction under section 10AA
individual, HUF, company and person 3. Added new point under Part B - TTI:
filing ITR-7 (claiming exemption of income
under Section 11) say partnership firms, Net tax payable on 115TD income
Association of Persons, Body of Individuals including interest under section
and LLP 115TE (Sr.no. 12 of Schedule 115TD)
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