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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