CENTRAL BOARD OF DIRECT TAXES Vide NOTIFICATION No 31/2020 dated 29th May, 2020 has notified ITR Forms from ITR 1 to ITR 7.
ITR-1 Quick Highlights New Form AY 2020-2021
A.New Disclosures
1. Whether, you have made any investment/ deposit/ payments between 01.04.2020 to 30.06.2020 for the purpose of claiming any deduction under Part B of Chapter VIA? 2. Deduction attributable to investment/expenditure made between 01.04.2020 to 30.06.2020 3.The New form for ITR-1 has made provision for details of Investment made up 01.04.2020 to 30.06.2020
4. Have you deposited amount or aggregate of amounts exceeding Rs. 1 Crore in one or more current account during the previous year?
5. Have you incurred expenditure of an amount or aggregate of amount exceeding Rs. 2 lakhs for travel to a foreign country for yourself or for any other person?
6.Have you incurred expenditure of amount or aggregate of amount exceeding Rs. 1 lakh on consumption of electricity during the previous year?
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