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FEW IMPORTANT CHANGES IN ITR 1, ITR 2, ITR 2A AND ITR 4S IN AY 2015-16 AS NOTIFIED IN NOTIFICATION NUMBER 49/2015 DATED 22.06.15:-

CBDT has vide Notification No. 49/2015 Dated 22.06.2015 notified Form ITR-1, ITR-2 and ITR-4S for Assessment Year 2015-16 (Financial Year 2014-15). The Notification also made Several Change in Rule 12 of Income Tax Rules, 1962.

ITR WISE CHANGES IN AY 2015-16 ARE AS FOLLOWS:-

ITR-1

• Introduction of Aadhar Card Number in ITR. (Those Who Give Aadhar Card Details, at present they also Required To Send ITR V).

• Not Applicable for those having agricultural more than Rs. 5000/-( they have to use ITR 2 or 2A)

• Not Applicable for those who have income from Capital Gains.

• Bank Account in which any Refund will be credited.

• All Bank Accounts held during year(Excluding Dormant account) (Details Required are as follows :- IFSC Code, Name of Bank, Account Number, Type of Account)

ITR-2

• Introduction of Aadhar Card Number in ITR. (Those Who Give Aadhar Card Details, at present they also Required To Send ITR V). 

• Option of Giving Two Email ID’s

• Option to give Passport Number

• Details of Any Assets from located outside india, Signing authority in any account located outside india, income from any source from outside india.

• Details of Amount Utilized and Unutilized in Capital Gain Account Scheme

• Details for Non Resident relating to STCG

• Details for Non-Residents- STCG not chargeable to tax in India as per DTAA ( Details required like Country name, Article of DTAA, Weather TRC Obtained?)

• Details for Non Resident relating to LTCG

• Income From Other Sources for Non Resident ( Details required like Country name, Article of DTAA, Rate of DTAA, Weather TRC Obtained?)

• Not Applicable for those having agricultural more than Rs. 5000/-( they have to use ITR 2 or 2A)

• Bank Account in which any Refund will be credited.

• All Bank Accounts held during year(Excluding Dormant account) (Details Required are as follows :- IFSC Code, Name of Bank, Account Number, Type of Account)

ITR-2A

• Introduction of Aadhar Card Number in ITR. (Those Who Give Aadhar Card Details, at present they also Required To Send ITR V).

 • Option of Giving Two Email ID’s

• Option to give Passport Number

• Not Applicable for those having agricultural more than Rs. 5000/-( they have to use ITR 2 or 2A)

• Bank Account in which any Refund will be credited.

• All Bank Accounts held during year(Excluding Dormant account) (Details Required are as follows :- IFSC Code, Name of Bank, Account Number, Type of Account)

ITR 4S

• Introduction of Aadhar Card Number in ITR. (Those Who Give Aadhar Card Details, at present they also Required To Send ITR V).

• Not Applicable for those having agricultural more than Rs. 5000/-( they have to use ITR 4)

• Not Applicable for those who have income from Capital Gains.

• Bank Account in which any Refund will be credited.

• All Bank Accounts held during year(Excluding Dormant account) (Details Required are as follows :- IFSC Code, Name of Bank, Account Number, Type of Account)

THANKS AND REGARDS
NAVIN AGICHA
agicha.navin@gmail.com

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