CBDT notifies ITR-1 and ITR-4 for Assessment year 2020-21

Last updated: 08 January 2020

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The Central Board of Direct Taxes (CBDT) has issued a notification regarding the Income Tax Return forms ITR-1 and ITR-4 for the Assessment Year 2020-21. These rules, officially called the Income-tax (1st Amendment) Rules, 2020, will come into effect from 1st April 2020. The notification was made in accordance with powers granted by sections 139 and 295 of the Income-tax Act, 1961.

MINISTRY OF FINANCE

(Department of Revenue)

(CENTRAL BOARD OF DIRECT TAXES)

NOTIFICATION

New Delhi, the 3rd January, 2020

INCOME-TAX

G.S.R. 9(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. Short title and commencement.—(1) These rules may be called the Income-tax (1st Amendment) Rules, 2020.

(2) They shall come into force with effect from the 1st day of April, 2020.

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FAQ :

The notification announces the forms ITR-1 and ITR-4 for the Assessment Year 2020-21, as made by the Central Board of Direct Taxes.

These rules shall come into force with effect from the 1st day of April, 2020.

These rules may be called the Income-tax (1st Amendment) Rules, 2020.

The rules were made in exercise of the powers conferred by section 139 read with section 295 of the Income-tax Act, 1961.

Notification No : 01/2020
Source : https://www.incometaxindia.gov.in/communications/notification/notification_01_2020.pdf

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