[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-1-en-105":3,"doc-seo-304461-105":53,"doc-detail-304461-en":126},{"code":4,"msg":5,"data":6},0,"success",[7,14,19,24,29,34,39,44,49],{"id":8,"doc_module":9,"doc_module_name":10,"category_name":11,"show_sort_weight":12,"slug":13},11,1,"Template","Presentations",90,"presentations",{"id":15,"doc_module":9,"doc_module_name":10,"category_name":16,"show_sort_weight":17,"slug":18},12,"Resumes",80,"resumes",{"id":20,"doc_module":9,"doc_module_name":10,"category_name":21,"show_sort_weight":22,"slug":23},14,"Invoices",70,"invoices",{"id":25,"doc_module":9,"doc_module_name":10,"category_name":26,"show_sort_weight":27,"slug":28},15,"Posters",60,"posters",{"id":30,"doc_module":9,"doc_module_name":10,"category_name":31,"show_sort_weight":32,"slug":33},16,"Social Media",50,"social-media",{"id":35,"doc_module":9,"doc_module_name":10,"category_name":36,"show_sort_weight":37,"slug":38},17,"Forms",40,"forms",{"id":40,"doc_module":9,"doc_module_name":10,"category_name":41,"show_sort_weight":42,"slug":43},18,"Letters",30,"letters",{"id":45,"doc_module":9,"doc_module_name":10,"category_name":46,"show_sort_weight":47,"slug":48},21,"Paper Templates",5,"papers-templates",{"id":50,"doc_module":9,"doc_module_name":10,"category_name":51,"show_sort_weight":4,"slug":52},158,"General","general-158",{"code":4,"msg":54,"data":55},"ok",{"site_id":56,"language":57,"slug":58,"title":59,"keywords":60,"description":61,"schema_data":62,"social_meta":119,"head_meta":121,"extra_data":123,"updated_unix":125},105,"en","india-forms-notified-for-2020-21-income-tax-year","India - Forms Notified for 2020-21 Income Tax Year","","India’s income tax authorities notified ITR forms applicable for the 2020-21 tax year (1 April 2020 to 31 March 2021). The changes in the ITR forms reflect amendments introduced via the Finance Act 2020 to the Income tax Act 1961, including specific adjustments for different categories of individual taxpayers. The update covers eligibility conditions for ITR 1/4 where TDS under Section 194N or ESOP-related deferrals apply, plus other targeted data collection and form structure revisions.",{"@graph":63,"@context":118},[64,80,101],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":36,"@type":70,"position":76},"https://docshare.wps.com/template/forms/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/india-forms-notified-for-2020-21-income-tax-year/304461/",4,{"url":78,"name":59,"@type":81,"image":82,"author":87,"headline":59,"publisher":90,"fileFormat":93,"inLanguage":57,"description":61,"dateModified":94,"datePublished":95,"encodingFormat":93,"isAccessibleForFree":96,"interactionStatistic":97},"DigitalDocument",{"url":83,"@type":84,"width":85,"height":86},"https://docshare.wps.com/thumbnails/india-forms-notified-for-2020-21-income-tax-year/304461.png","ImageObject",442,249,{"name":88,"@type":89},"Bill Black","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/pdf","2026-09-26","2026-09-19",true,{"@type":98,"interactionType":99,"userInteractionCount":76},"InteractionCounter",{"@type":100},"ViewAction",{"@type":102,"mainEntity":103},"FAQPage",[104,110,114],{"name":105,"@type":106,"acceptedAnswer":107},"Which ITR forms are notified for the 2020-21 income tax year?","Question",{"text":108,"@type":109},"The document discusses notification of ITR forms for the 2020-21 tax year and summarises key applicability differences across ITR 1, ITR 2, ITR 3, and ITR 4.","Answer",{"name":111,"@type":106,"acceptedAnswer":112},"When can ITR 1 no longer be used under the updated rules?",{"text":113,"@type":109},"ITR 1 cannot be used in cases where tax was deducted at source under Section 194N of the Income tax Act 1961 for the tax year 2020-21.",{"name":115,"@type":106,"acceptedAnswer":116},"What additional information changes were introduced for individual taxpayers compared to 2019-20?",{"text":117,"@type":109},"New forms seek confirmations on choosing the new tax regime under Section 115BAC, require quarter-wise dividend details for specified ITRs, and introduce updates such as a changed safe harbour limit in capital gains and additional details in Schedule OS.","https://schema.org",{"og:url":78,"og:type":120,"og:title":59,"og:site_name":91,"og:description":61},"article",{"robots":122,"canonical":78},"index,follow",{"doc_id":124,"site_id":56},304461,1790313457,{"code":4,"msg":5,"data":127},{"doc_id":124,"user_id":128,"nickname":88,"user_avatar":129,"doc_module":9,"category_id":35,"category_name":36,"doc_title":59,"doc_description":61,"doc_content":130,"file_id":131,"file_url":132,"file_type":133,"file_size":134,"view_count":76,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":47,"language":135,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":136,"faqs":137,"seo_title":138,"seo_description":61,"update_tm":139,"read_time":73},24189269381491,"https://ap-avatar.wpscdn.com/avatar/160000cf11732dd8392?x-image-process=image/resize,m_fixed,w_180,h_180&k=1788146458752108895","India: Forms notified for 2020-21 income tax year  \n20 April 2021  \n\n| In brief |\n| --- |\n| The Indian government has notified 1 income tax return (ITR) forms for the tax year 2020-21 (i.e. from 1 April 2020 to 31 March 2021) . The ITR forms consider the changes which have been introduced to accommodate the amendments made in the Income tax Act 1961 (the Act) by the Finance Act 20202 . |\n| In detail |\n| The key changes in the ITR forms, including its applicability to various individual taxpayers, for the tax year 2020-21 are summarised below.\u003Cbr>Applicability of the various ITR forms\u003Cbr>• ITR 1 can no longer be used in cases where tax was deducted at source under section 194N 3 of the Act.\u003Cbr>• ITR 1 and ITR 4 cannot be used by a taxpayer whose income tax deduction under Section 192 of the Act has been deferred on Employees Stock Option Plan4 (ESOP) for the tax year 2020-21.\u003Cbr>The various ITR forms as applicable to the different category of taxpayers are tabulated below. |\n\n1 Notification No. G.S. R. 242(E) dated 31 March 2021.  \n2 Finance bill 2020 received the assent of the President on 27 March 2020.  \n3 Section 194N provides for levy of Tax Deduction at Source (TDS) at the rate of 2% on aggregate cash payments in excess of INR10 million made during a tax year by (i) banking company or (ii) cooperative bank or (iii) post office, to any person (recipient) in respect of account maintained by such person. However, where the tax returns are not filed for three preceding tax years s, then TDS to be deducted at 2% where cash payment exceeds INR2 million but less than 10 million and at 5% if the cash payment exceeds 10 million.  \n4 The Finance Act 2020 has inserted Section 192(1c) which provides that person being an eligible start up referred to Section 80IAC of the Act, shall deduct tax at source on the ESOP income of the employee at the time of his/her leaving the company or selling the shares or where the shares have expired after five years from the end of the relevant tax yearn which they are allotted, whichever is earlier.  \nInsights  \n\n| Particulars | ITR 1* | ITR 2 | ITR 3 | ITR 4 |\n| --- | --- | --- | --- | --- |\n| Case covered under the compulsory filing of return scheme on meeting any of the prescribed criterion (i.e. deposit of more than INR10 million, expenditure on foreign travel exceeding INR0 .2 million, expenditure on electricity exceeding INR0 .1 million etc. | 􀁄 | 􀁄 | 􀁄 | 􀁄 |\n| Income from salary/pension | 􀁄 | 􀁄 | 􀁄 | 􀁄 |\n| Income from one house property (excluding prior year losses or current year loss to be carried forward) | 􀁄 | 􀁄 | 􀁄 | 􀁄 |\n| Income from other sources (excluding loss under this heading, claim of expense as deduction under Section 57 except against family pension as prescribed, winning from lottery, income from horse races, unexplained cash\u003Cbr>credit/investments/money/expenditure/ amount borrowed or repaid on hundi) | 􀁄 | 􀁄 | 􀁄 | 􀁄 |\n| Income from more than one house property (including prior year losses or current year loss to be carried forward) |  | 􀁄 | 􀁄 |  |\n| Capital gains/losses |  | 􀁄 | 􀁄 |  |\n| Income from other sources (including loss under this heading, claim of expense as deduction under Section 57 except against family pension as prescribed, winning from lottery, income from horse races, unexplained cash\u003Cbr>credit/investments/money/expenditure/amount borrowed or repaid on hundi) |  | 􀁄 | 􀁄 |  |\n| Resident and ordinarily residents having income from a source outside India or having foreign assets, foreign bank account and signing authority in any account located outside India, etc. |  | 􀁄 | 􀁄 |  |\n| Agricultural income (exceeding INR5,000) |  |  |  |  |\n| Relief under section 90 (DTAA)/section 91 |  | 􀁄 | 􀁄 |  |\n| Income from business or profession |  |  | 􀁄 |  |\n| Income from business or profession taxable under presumptive basis |  |  | 􀁄 | 􀁄 |\n| Where income tax has been deducted on cash withdrawal under Section 194N of the Act |  | 􀁄 | 􀁄 | 􀁄 |\n| Where income tax in respect of ","cbCaiuAT7zejc3b3","https://ap.wps.com/l/cbCaiuAT7zejc3b3","pdf",223775,"English","# In brief\n## Applicability of the various ITR forms\n## Insights: ITR form coverage by income type\n## Other changes in the ITR forms as compared to 2019-20\n## Key changes for individual taxpayers","[{\"question\":\"Which ITR forms are notified for the 2020-21 income tax year?\",\"answer\":\"The document discusses notification of ITR forms for the 2020-21 tax year and summarises key applicability differences across ITR 1, ITR 2, ITR 3, and ITR 4.\"},{\"question\":\"When can ITR 1 no longer be used under the updated rules?\",\"answer\":\"ITR 1 cannot be used in cases where tax was deducted at source under Section 194N of the Income tax Act 1961 for the tax year 2020-21.\"},{\"question\":\"What additional information changes were introduced for individual taxpayers compared to 2019-20?\",\"answer\":\"New forms seek confirmations on choosing the new tax regime under Section 115BAC, require quarter-wise dividend details for specified ITRs, and introduce updates such as a changed safe harbour limit in capital gains and additional details in Schedule OS.\"}]","India - Forms Notified for 2020-21 Income Tax Year | PDF",1789813588]