{"id":219,"date":"2015-07-10T11:49:14","date_gmt":"2015-07-10T11:49:14","guid":{"rendered":"http:\/\/carajput.com\/blog\/?p=219"},"modified":"2024-08-02T23:29:52","modified_gmt":"2024-08-02T17:59:52","slug":"income-tax-return-forms-itr-1-2-and-4s-simplified-for-convenience-of-the-tax-payers","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/income-tax-return-forms-itr-1-2-and-4s-simplified-for-convenience-of-the-tax-payers\/","title":{"rendered":"Highlight on ITR Forms Details"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Page Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69d2f2fe0cb3f\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69d2f2fe0cb3f\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/carajput.com\/blog\/income-tax-return-forms-itr-1-2-and-4s-simplified-for-convenience-of-the-tax-payers\/#INCOME_TAX_RETURN_FORMS_ITR_1_2_AND_4S_SIMPLIFIED_FOR_CONVENIENCE_OF_THE_TAX_PAYERS\" title=\"INCOME TAX RETURN FORMS ITR 1, 2 AND 4S SIMPLIFIED FOR CONVENIENCE OF THE TAX PAYERS\">INCOME TAX RETURN FORMS ITR 1, 2 AND 4S SIMPLIFIED FOR CONVENIENCE OF THE TAX PAYERS<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/carajput.com\/blog\/income-tax-return-forms-itr-1-2-and-4s-simplified-for-convenience-of-the-tax-payers\/#Guide_to_select_correct_Income_Tax_Return\" title=\"Guide to select correct Income Tax Return.\u00a0\">Guide to select correct Income Tax Return.\u00a0<\/a><\/li><\/ul><\/nav><\/div>\n<h2 style=\"text-align: justify;\"><\/h2>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2015\/12\/29.png\" rel=\"attachment wp-att-1532\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-1532\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2015\/12\/29-300x159.png\" alt=\"29\" width=\"742\" height=\"393\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2015\/12\/29-300x159.png 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2015\/12\/29-768x406.png 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2015\/12\/29.png 875w\" sizes=\"(max-width: 742px) 100vw, 742px\" \/><\/a><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"INCOME_TAX_RETURN_FORMS_ITR_1_2_AND_4S_SIMPLIFIED_FOR_CONVENIENCE_OF_THE_TAX_PAYERS\"><\/span><span style=\"color: #000080;\"><strong><a href=\"https:\/\/www.caindelhiindia.com\/blog\/file-your-income-tax-return-itr\/\">INCOME TAX RETURN<\/a> FORMS ITR 1, 2 AND 4S SIMPLIFIED FOR CONVENIENCE OF THE TAX PAYERS<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\">A New Form ITR 2A Proposed which can be Filed by an Individual or <a href=\"https:\/\/carajput.com\/blog\/tag\/residential-status-of-huf-under-income-tax-act\/\">HUF<\/a> who does not have Capital Gains, Income from Business\/Profession or Foreign Asset\/Foreign Income.<\/p>\n<p style=\"text-align: justify;\">\u00a0In Form ITR 2 and the New Form ITR 2A, the Main Form will not Contain more than 3 Pages, and other Information will be Captured in the Schedules which will be required to be filled only if applicable<\/p>\n<p style=\"text-align: justify;\">As the Software for these Forms is under Preparation, they are likely to be available for e-filing by the 3<sup>rd<\/sup>week of June 2015; Time Limit for Filing these Returns is also proposed to be extended up to31.08.2015;<\/p>\n<p style=\"text-align: justify;\">Only Passport Numbers, if available, would be required to be given in forms Itr-2 and itr-2A. Details of Foreign Trips or Expenditure thereon are not required to be furnished;<\/p>\n<p style=\"text-align: justify;\">Forms ITR 1, 2, and 4S for Assessment Year 2015-16 were notified on 15<sup>th<\/sup>\u00a0April 2015 (15.04.2015). In view of various representations, it was announced that these <a href=\"https:\/\/carajput.com\/blog\/tag\/filing-of-income-tax-return\/\">ITR<\/a> forms will be reviewed.<\/p>\n<p style=\"text-align: justify;\">Having considered the responses received from various stakeholders, these forms are proposed to be simplified in the following manner for the convenience of the taxpayers:-<\/p>\n<ul style=\"text-align: justify;\">\n<li>Individuals having exempt income without any ceiling (other than agricultural income exceeding Rs. 5,000) can now fileForm ITR 1 (Sahaj).<\/li>\n<li>\u00a0Similar simplification is also proposed for individuals\/HUF in respect of Form\u00a0ITR 4S (Sugam).<\/li>\n<li>At present individuals\/HUFs having income from more than one house property and capital gains are required to file Form ITR-2.<\/li>\n<li>It is, however, noticed that majority of individuals\/HUFs who file Form ITR-2 do not have capital gains.<\/li>\n<li>With a view to provide for a simplified form for these individuals\/HUFs,a new Form ITR 2A is proposed\u00a0which can be filed by an individual or HUF who does not have capital gains, income from business\/profession or foreign asset\/foreign income.<\/li>\n<\/ul>\n<ul style=\"text-align: justify;\">\n<li>In lieu of foreign travel details, it is now proposed that only Passport Number, if available, would be required to be given in Forms ITR-2 and ITR-2A. Details of foreign trips or expenditure thereon are not required to be furnished.<\/li>\n<li>As regards bank account details in all these forms, only the IFS code, account number of all the current\/savings account which are held at any time during the previous year will be required to be filled-up.<\/li>\n<li>The balance in accounts will not be required to be furnished. Details of dormant accounts which are not operational during the last three years are not required to be furnished.<\/li>\n<li>An individual who is not an Indian citizen and is in India on a business, employment or student visa (expatriate), would not mandatorily be required to report the foreign assets acquired by him during the previous years in which he was non-resident if no income is derived from such assets during the relevant previous year.<\/li>\n<li>As a measure of simplification, it has been endeavoured to ensure that in Form ITR 2 and the new Form ITR 2A, the main form will not contain more than 3 pages, and other information will be captured in the Schedules which will be required to be filled only if applicable.<\/li>\n<li>As the software for these forms is under preparation, they are likely to be available for e-filing by 3<sup>rd<\/sup> week of June 2015.<\/li>\n<li>Accordingly, the time limit for filing these returns is also proposed to be extended up to 31<sup>st<\/sup>August, 2015 (31.08.2015). A separate notification will be issued in this regard.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Guide_to_select_correct_Income_Tax_Return\"><\/span><a href=\"https:\/\/carajput.com\/archives\/guide-to-select-correct-income-tax-return-form.pdf\"><span style=\"color: #000080;\"><strong>Guide to select correct Income Tax Return.\u00a0<\/strong><\/span><\/a><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-26072\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2019\/07\/itr-form_page-0001.jpg\" alt=\"Guide to select correct ITR\" width=\"1558\" height=\"1050\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2019\/07\/itr-form_page-0001.jpg 1558w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2019\/07\/itr-form_page-0001-300x202.jpg 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2019\/07\/itr-form_page-0001-1024x690.jpg 1024w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2019\/07\/itr-form_page-0001-768x518.jpg 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2019\/07\/itr-form_page-0001-1536x1035.jpg 1536w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2019\/07\/itr-form_page-0001-800x539.jpg 800w\" sizes=\"(max-width: 1558px) 100vw, 1558px\" \/><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-26073\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2019\/07\/itr-form_page-0002.jpg\" alt=\"Guide to select correct ITR.\" width=\"1550\" height=\"910\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2019\/07\/itr-form_page-0002.jpg 1550w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2019\/07\/itr-form_page-0002-300x176.jpg 300w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2019\/07\/itr-form_page-0002-1024x601.jpg 1024w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2019\/07\/itr-form_page-0002-768x451.jpg 768w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2019\/07\/itr-form_page-0002-1536x902.jpg 1536w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2019\/07\/itr-form_page-0002-800x470.jpg 800w\" sizes=\"(max-width: 1550px) 100vw, 1550px\" \/><\/p>\n<p>Read more for related blogs are ;<\/p>\n<ul>\n<li><a href=\"https:\/\/carajput.com\/blog\/how-to-file-tds-return-online\/\">How to file a return of TDS online<\/a><\/li>\n<li><a href=\"https:\/\/carajput.com\/blog\/new-revise-tds-tcs-return-filing-due-date-payment-due-date\/\">New revise TDS\/TCS due date for filing Return and Payment for the year 2020<\/a><\/li>\n<li><a href=\"https:\/\/carajput.com\/learn\/key-features-of-tcs-on-goods-sale-section-206c-1h-applicable-from-1-october-2020.html\">key features of TCS on goods sale section-206c<\/a><\/li>\n<li><a href=\"https:\/\/carajput.com\/learn\/new-tds-deduction-provision-prevent-cash-transactions-of-more-than-1-crore-section-194n.html\">New TDS deduction No cash transactions exceeding 1 Crore -Section 194N<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>INCOME TAX RETURN FORMS ITR 1, 2 AND 4S SIMPLIFIED FOR CONVENIENCE OF THE TAX PAYERS A New Form ITR 2A Proposed which can be Filed by an Individual or HUF who does not have Capital Gains, Income from Business\/Profession or Foreign Asset\/Foreign Income. \u00a0In Form ITR 2 and the New Form ITR 2A, the &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[150,9],"tags":[2985,2987,2984,2986,2983],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/219"}],"collection":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/comments?post=219"}],"version-history":[{"count":5,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/219\/revisions"}],"predecessor-version":[{"id":27128,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/219\/revisions\/27128"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=219"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=219"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=219"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}