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New ITR Forms for F.Y. 2020-21 (A.Y. 2021-22)

The New Financial Year started off with the Income Tax Department releasing the New Income Tax Return Forms for the FY 2020-21 i.e. Assessment Year 2021-22.

A taxpayer uses Income Tax Return forms to report their annual income to the Income Tax Department.

The ITR Forms for FY 2020-21 (AY 2021-22) are not that different from the last years.

What Changed in the New ITR Form for F.Y. 2020-21 (A.Y. 2021-22)?

Changes Applicable to all ITR Forms for FY 2020-21 (AY 2021-22)

What are the types of ITR forms?

ITR 1 (Sahaj)

It is the simplest income tax return form. ITR 1 can be filed by:

  • Indian Resident (check your Residential status as per Income Tax)
  • Salaried Individuals
  • Individuals earning income from 1 house property (eg: Rent) 
  • Individuals earning income from other sources like savings account interest, Fixed Deposit interest, etc. 
  • Income is upto INR 50 lakh for the financial year
Download ITR 1 Form for FY 2020-21 (AY 2021-22)
View and Download Updated ITR 1 form for FY 2020-21 (AY 2021-22)
Download
Download ITR 1 Form for FY 2020-21 (AY 2021-22)
View and Download Updated ITR 1 form for FY 2020-21 (AY 2021-22)
Download

ITR 2

Individuals or HUFs who do not have any business and professional income can file ITR-2. Usually filed by taxpayers with Income from Capital Gains or those with the residential status as NRIs.

Download ITR 2 Form for FY 2020-21 (AY 2021-22)
View and Download Updated ITR 2 form for FY 2020-21 (AY 2021-22)
Download
Download ITR 2 Form for FY 2020-21 (AY 2021-22)
View and Download Updated ITR 2 form for FY 2020-21 (AY 2021-22)
Download

ITR-3

ITR 3 is filed by Individuals and HUFs having income from the business & profession and in case tax audit is applicable.

Download ITR 3 Form for FY 2020-21 (AY 2021-22)
View and Download Updated ITR 3 form for FY 2020-21 (AY 2021-22)
Download
Download ITR 3 Form for FY 2020-21 (AY 2021-22)
View and Download Updated ITR 3 form for FY 2020-21 (AY 2021-22)
Download
Check Tax Audit Applicability u/s 44AB
Check Income Tax Audit applicability u/s 44AB to file Tax Audit Report Form 3CB - 3CD with your Income Tax Return.
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>
Check Tax Audit Applicability u/s 44AB
Check Income Tax Audit applicability u/s 44AB to file Tax Audit Report Form 3CB - 3CD with your Income Tax Return.
Explore

ITR 4 (Sugam)

Taxpayers who have opted for the presumptive taxation scheme can file for ITR 4, including:

Download ITR 4 Form for FY 2020-21 (AY 2021-22)
View and Download Updated ITR 4 form for FY 2020-21 (AY 2021-22)
Download
Download ITR 4 Form for FY 2020-21 (AY 2021-22)
View and Download Updated ITR 4 form for FY 2020-21 (AY 2021-22)
Download
Check which ITR Form to file?
Income Tax Return Forms to file depends on your Income Source, Residential Status, and other financial situation. Know which ITR Form you should file.
Explore
Check which ITR Form to file?
Income Tax Return Forms to file depends on your Income Source, Residential Status, and other financial situation. Know which ITR Form you should file.
Explore

The PDFs for the New ITR Forms for F.Y. 2020-21 (AY 2021-22) have been released, ITD usually releases schemas/utilities few days/weeks after launching forms.

Stay tuned!

Got questions around the New ITR Forms for FY 2020-21 (AY 2021-22)? Shoot’em on TaxQ&A and we’ll answer them all in the simplest way!

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Namdev R Gawde says:

2021-04-12 12:33:14

What documents is required to obtain PAN of HUF and what r the benefit of HUF formation

Reply

Nireka Dalwadi says:

2021-04-13 11:23:42

Hey Namdev, you can refer to this article where we talk about the Tax benefits of forming a HUF. Read more about documents required to apply for HUF PAN card and Team Quicko can help you apply for the PAN for your HUF

Reply

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