The scope of ITR-4 for the Assessment Year 2019-20 has been curtailed substantially. Following persons, who have filed return in this form in AY 2018-19, would not be able to use it in this assessment year:
a) HUF, being a not ordinarily resident
b) Not Ordinarily or Non-resident Individual
c) Non-resident Partnership Firm
d) Ordinarily Resident Individual, HUF or Resident Firm:
whose income is more than Rs. 50 lakhs
who held unlisted shares during the year
e) A Ordinarily Resident individual who:
wishes to claim deduction under Section 80QQB or 80RRB
is governed by the Portuguese Civil Code
is a Director in a company
is taxable for an income in respect of which tax is deducted in the name of other person
Refer: www.taxmann.com
a) HUF, being a not ordinarily resident
b) Not Ordinarily or Non-resident Individual
c) Non-resident Partnership Firm
d) Ordinarily Resident Individual, HUF or Resident Firm:
whose income is more than Rs. 50 lakhs
who held unlisted shares during the year
e) A Ordinarily Resident individual who:
wishes to claim deduction under Section 80QQB or 80RRB
is governed by the Portuguese Civil Code
is a Director in a company
is taxable for an income in respect of which tax is deducted in the name of other person
Refer: www.taxmann.com
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