Invested during an extended period? You have to mention details separately in ITR


The Central Board of Direct Taxes (CBDT) initially notified ITR-1 (Sahaj) and ITR-4 (Sugam) on January 3, 2020, then it notified all the ITR Forms on May 29, 2020. However, the taxpayers have to wait for the return filing facility.

This time if an individual taxpayer is a joint-owner in the house property, or has deposited more than Rs 1 crore in the bank account or has incurred annual expenses of Rs 2 lakh or Rs 1 lakh on foreign travel or electricity cannot file Income Tax Return either in ITR-1 or in ITR4.

Similarly, if a taxpayer has spent an amount exceeding Rs 1 lakh on the consumption of electricity during the previous year then he has to disclose the amount in ITR 4.

Moreover, it is essential for an individual taxpayer to mention the details of this passport number, if he has a valid Indian passport.


As the Financial Year (FY) 2019-20 ended during the nationwide lockdown to curb the spread of the coronavirus, many taxpayers faced difficulties in making last-minute tax-saving investments/expenditures, resulting in an extension in the compliance deadline from March 31, 2020, to June 30, 2020.

In case of an individual taxpayer has made any kind investments or incurred expenditures that are eligible for tax-saving purposes amid the extended period then he has to disclose the same separately in the newly notified ITR Forms – including ITR-1 and ITR-4  in order to get benefits of the deductions.

“To claim deduction under chapter VI A (e.g. 80C, 80D, 80G, etc.) in AY 2020-21 in respect of certain investments made or expenditure incurred during April 1, 2020, to June 30, 2020, new ITR form has inserted a new table in which taxpayer is required to provide details of such investments,” said Gopal Bohra, Partner, NA Shah Associates LLP.


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Jyotika Kumari
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