Keeping in view the ongoing crisis due to COVID pandemic and to facilitate the taxpayers, no significant change has been made to the ITR Forms in comparison to the last year's ITR Forms.
The CBDT issued a notification on June 24, 2020 to provide further relief to taxpayers by extending various time limits of compliances.
The department has also revised the I-T return forms to allow assessees to avail benefits of various timeline extension granted by the government following the COVID-19 pandemic.
Prime Minister Narendra Modi's government is pushing to shore up revenue as India's once-booming economy grows at roughly 11-year lows.
The changes have been brought to the process after it was found that there were many difficulties in filing the said return in the recently revised format.
To check for tax evasion and ensure greater flexibility, the IT department has released the following new guidelines.