New ITR forms seek GST information, ITR-1 applicable only to 'resident' individuals

Apr 06,2018

New 'one-pager' ITR 1 to be applicable only to 'resident and ordinarily resident' individuals having income upto Rs. 50 lakh from salary, one house property/other income; Further, new ITR 1 seeks detailed salary breakup; Also, taxpayers claiming presumptive income, to quote gross receipts as per GST returns in new ITR-4; New ITR forms require NRIs to provide only one foreign bank account details;  New ITR 6 for companies inserts new GST sc...

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