10 changes to know before ITR 1 filing in 2019

Income Tax return filing: Here are all the changes in ITR form for FY 2019-20 income tax return filing: You have two months left to file income tax returns for FY 2019-20. This means it is important to keep a tab on your investments and be aware of all the changes made by the Income Tax department recently.

Income tax return (ITR) forms for the financial year 2018-19 were notified by the government on 1 April, 2019, and individuals who do not require an audit of their accounts will have to file their.

Concurrent changes have been made. Taxpayers are, therefore, advised to file their ITR before July 31 to avoid any late.

For this year, the format for filing details in ITR 1 is the same as that of Form 16. So, if you are filing ITR 1 online then cross-check the pre-filled information with Form 16.

ITR 2018-19: Six changes in ITR 1 form that you must know Description: Salaried employees with income below Rs 50 lakh per year and one house property need to fill ITR1 from while filing income tax return. There are changes made in ITR 1 form which if not complied can result in a notice from the income tax department.

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Taxpayers are, therefore, advised to file their ITR before July 31 to avoid. if it exceeds Rs 1 lakh. LTCG on equity will.

How to change itr1. follow thread. Please let me know how can I change that. Thanks. Regards, Deepak Gupta . Reply. I also made some mistake while filing ITR 1. Now i have the ITR V generated from the website after filing. If i am revising my return do i get one more ITR V? which one.

Overall there are 28 key changes in new ITR forms in comparison to last year. We have identified top 10 changes which would impact an individual taxpayer, which are as follows: 1. ITR-1 is the simplest form of income-tax return to be filed by an individual taxpayer who earns income from salary/pension, from one house property and from other.

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This year, Finance Minister Nirmala Sitharaman announced in her Union Budget 2019-20 speech that there would be no change in.