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Income Tax dept notifies ITR forms for individuals and companies for AY 2019-20

The Income Tax department has notified I-T return forms for individuals and companies for the assessment year 2019-20. ITR-1 is filed by individuals having a total income of up to Rs 50 lakh, having income from salaries, one house property, other sources (like interest), and agricultural income up to Rs 5,000. ITR-2 is filed by Individuals and HUFs not having income from profits and gains of business or profession, while ITR-3 is filed by individuals and HUFs having income from profits and gains of business or profession.


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