Eligibility condition for ITR 1 and 4 for A.Y. 2020-21 relaxed

written by Income tax Expert | January 12, 2020

CBDT had released a notification, notifying ITR 1 and 4 for A.Y. 2020-21.

There were various conditions mentioned in that notification because of which many people were not allowed to file ITR 1 and 4.

Now vide a press release CBDT has said that such conditions have been relaxed and now the people who dont fulfill the below condition can also file ITR 1 and 4 if they fulfill the remaining conditions:

  • If a person owns a property in joint name. or
  • If a person incurs electricity expenditure of more than 1 lakh. or
  • If a person has expended 2 lakh or more for foreign travel of self or others. or
  • If a person has deposited more than Rs. 1 crore in one or more current account.

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