Changes in ITR Forms for AY 2018-19<\/strong><\/figcaption><\/figure>\nITR to filed Online except in certain cases:<\/h3>\n All the tax returns have to filed online as was the case last year. However, there are certain exceptions where the ITR can be filed in paper\/physical form.<\/p>\n
If the individual is of age 80 years or more and the tax return is furnished using in ITR Form-1 (Sahaj) or ITR-4 (Sugam)<\/p>\n
Individual or HUF whose income does not exceed five lakh rupees and who has not claimed any refund in the Return of Income and the tax return is furnished using in ITR Form-1 (Sahaj) or ITR-4 (Sugam)<\/p>\nWho can file Tax Returns in Physical Form?<\/strong><\/figcaption><\/figure>\nPenalty for not Filing Tax Returns on Time:<\/h2>\n The below provision of Penalty for not filing tax returns on time was proposed in Budget 2017 and would be effective from AY 2018-19:<\/p>\n
As per Section 234F<\/strong><\/span>, if the income tax return is filed after the due date (July 31) but on or before the December 31 of the assessment year, there will be a fine of Rs 5,000.<\/strong> If the return is filed after December 31, there would be fine of Rs 10,000.<\/strong> After March 31, the returns cannot be filed. However, in case the total income is less than Rs 5 lakh, the penalty should not exceed Rs 1,000.<\/p>\nSection 234F – Penalty for late filing of ITR<\/strong><\/figcaption><\/figure>\nWe would come out with more details on ITR Forms and tax filing in next few weeks.<\/p>\n","protected":false},"excerpt":{"rendered":"
The last day for filing the income tax return without penalty for AY 2018-19 is July 31, 2018. The good thing is most of things are similar to last year. However, as it happens every year, there are some changes in these forms and information sought. Overall income tax department wants to know more details […]<\/p>\n","protected":false},"author":1,"featured_media":9184,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[777,6],"tags":[3691,3203,3690,3688,3572,3689],"uagb_featured_image_src":{"full":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2018\/04\/Most-Important-Changes-in-ITR-Forms-in-AY-2018-19.png",1032,559,false],"thumbnail":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2018\/04\/Most-Important-Changes-in-ITR-Forms-in-AY-2018-19-150x150.png",150,150,true],"medium":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2018\/04\/Most-Important-Changes-in-ITR-Forms-in-AY-2018-19-300x163.png",300,163,true],"medium_large":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2018\/04\/Most-Important-Changes-in-ITR-Forms-in-AY-2018-19-768x416.png",768,416,true],"large":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2018\/04\/Most-Important-Changes-in-ITR-Forms-in-AY-2018-19-1024x555.png",1024,555,true],"1536x1536":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2018\/04\/Most-Important-Changes-in-ITR-Forms-in-AY-2018-19.png",1032,559,false],"2048x2048":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2018\/04\/Most-Important-Changes-in-ITR-Forms-in-AY-2018-19.png",1032,559,false],"yarpp-thumbnail":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2018\/04\/Most-Important-Changes-in-ITR-Forms-in-AY-2018-19.png",120,65,false]},"uagb_author_info":{"display_name":"Amit","author_link":"https:\/\/www.apnaplan.com\/author\/admin\/"},"uagb_comment_info":19,"uagb_excerpt":"The last day for filing the income tax return without penalty for AY 2018-19 is July 31, 2018. The good thing is most of things are similar to last year. However, as it happens every year, there are some changes in these forms and information sought. Overall income tax department wants to know more details…","_links":{"self":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts\/9178"}],"collection":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/comments?post=9178"}],"version-history":[{"count":0,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts\/9178\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/media\/9184"}],"wp:attachment":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/media?parent=9178"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/categories?post=9178"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/tags?post=9178"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}