After lot of discussion Income tax department has finally released Income tax returns ITR forms for the assessment year 2015-16. As per the new directive, this year Income tax assesses have to file Income tax return on or before 31st Aug, 2015.
Income tax returns for 2014-15 (Assessment Year 2015-16) were primarily released by the government in April, 2015. However due to certain complication in these forms there was a strong resistance from tax payers & it was finally decided to simplify these forms by the government.
You can download Simplified ITR-1, ITR-4S from Income Tax website. This form is available in excel format and Java based utility format. Java based utility will work only with Java Runtime Environment version 7 Update 6 or above (JRE1.7/7).
Download link for ITR-2, ITR-2A is yet not enabled on Income Tax site, however you can download these forms from below link.
Download New ITR forms 2015-16
Download Revised ITR-1 (SAHAJ) Applicable for 2015-16
Download Revised ITR-2 Applicable for 2015-16
Download Revised ITR-2A Applicable for 2015-16
Download Revised ITR-4S Applicable for 2015-16
Important Points about ITR Forms
- No major changes in ITR-1 Form. ITR-1 is applicable to Salaried Employees having income or loss from only one house property.
- E-filing is mandatory in case of refunds. Return will not be accepted in the physical copy in case of refund is claimed.
- Income tax assesses have to give information about total number of saving and current account held by them at any time during the previous year.
- Following additional field are addedinITR form.
- Aaadhar Card Number
- IFSC Code of Bank
- Option for providing two email ids
- Option for providing two mobile numbers
- Additional four pages schedule applicable on case to case basis
- IFSC Code of Bank
- In the new ITR-2 form for individual and HUFs having income from business and profession will have to declare about foreign assets or any income outside India.
- Simplified form ITR-2A is applicable to an individual and HUFs who do not have any income either from business, profession or by way of capital gains and do not hold any assets in foreign.
Document Checklist for filing Income tax return
- A copy of last year return
- Bank Statement
- TDS Certification
- Form 16
- Interest statement
- Balance sheet , P&L statement or other applicable audit report