Changes in ITR Forms and TAR

  • New Income Tax Return (ITR) forms 1 to 7 notified for A.Y. 2021-22 vide Notification No. 21/2021 dated 31-03-2021. No significant changes made as compared to last years’ forms.
  • Excel & Java version of ITR utilities will be discontinued from AY 2021-22
  • For AY 2021-22, the ITR1 to 4 can be filled using single JSON Utility. Import of Prefill file is mandatory in utility.
  • Clause 30C (Reporting of transactions u/s 96 of Income Tax Act) and clause 44 (Reporting of break-up of total expenditure with respect to GST) of the Tax Audit Report (TAR) kept in abeyance till 31-03-2022 vide Circular No. 05/2021 dated 25-03-2021
  • Notification No. 28/2021 dated 01-04-2021 amends Rule 6G to enable to revise TARbefore the end of the relevant assessment year for which the report pertains where assessee makes payment after furnishing TAR that necessitates recalculation of disallowance under section 40 or section 43B

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