Intending to simplify schedules, CBDT grants relaxation in ITR forms Sahaj and Sugam

Mumbai, January 10: Ensuring that the e-filing utility for filing of return for assessment year 2020-21 is available by April, 2020, the Income-tax Return Forms ITR-1, Sahaj and ITR-4, Sugam for the AY 2020-21 were notified, further with an intent to keep these forms short and simple with bare minimum number of Schedules.

 

 

"A person who owns a property in joint ownership was not made eligible to file the ITR-1 or ITR-4 Forms. For the same reason, a person who is otherwise not required to file return but is required to file return due to fulfilment of one or more conditions in the Act, was also not made eligible to file ITR-1 Form. After the aforesaid notification, concerns have been raised that the changes are likely to cause hardship in the case of individual taxpayers", the statement read.

 

Meanwhile, the taxpayers with jointly owned property have expressed concern that they will now need to file a detailed ITR Form instead of a simple ITR-1 and ITR-4. "Persons who are required to file return as per the seventh proviso of the Act, and are otherwise eligible to file ITR-1, have also expressed concern that they will not be able to opt for a simpler ITR-1 Form", it added further.

 

After a detailed examination, the Central Board of Direct Taxes has decided to allow a person, who jointly owns a single house property, to file return of income in ITR-1 or ITR-4 Form, as may be applicable. "It has also been decided to allow a person, who is required to file return due to fulfilment of one or more conditions specified in the seventh proviso of the Act, to file return in ITR-1 Form", it signed off.