On October 1, 2018, new ITR forms were issued by the Income Tax Department.

By the previous year, taxpayers with income of less than Rs 50 lakh can fill it.

If agriculture income is not more than Rs 5,000 a year, you could fill it up.

New changes in ITR form, read everything you need to know

Income Tax Return Forms are notified every year by the Income Tax Department of the country. There are some changes in these forms every year. On October 1, 2018, new ITR forms were issued by the Income Tax Department. In such a situation, it is essential for you to understand that there are some changes in ITR forms this time.

By the previous year, taxpayers with income of less than Rs 50 lakh can fill it. This includes income from salary, income from house property (only one house) and other income (income from interest and commissions). If agriculture income is not more than Rs 5,000 a year, you could fill it up.

New changes in ITR form, read everything you need to know

Now, these four conditions can not fill ITR-1 forms…

If you are the director of a company
You are an investor in a non-listed company

Somebody else’s income is getting edited in you, TDS is cut
Claiming any cost in Income from Other Source

I am Diksha Yadav, Currently pursuing my Post Graduate Diploma in English Journalism from Indian Institute of Mass Communication. I have interned in The Hindu(Features Department) and W5 Communications(Public Relations). I have also worked as a PR professional in PRIntel Advisory where I was handling Homekraft, Amplus, MoMagic, and other corporate clients and was responsible for developing the first line of communication with media for press coverages. Besides, I had worked as a content writer in Buddymantra, Portology, Aviity, and UC News. My areas of work is to deliver first-hand reports, media coverages, reporting, editing, making newspapers, magazines, anchoring, script writing and creating content in different genres. I also have knowledge of Quark and InDesign (Basic). I am quick in developing solid media relations across regions and develops brilliant content for clients for media dissemination.