We all know that with invent of a lot of amendments and introduction of new acts, the ITR forms for the current year (AY 18-19) also went through a considerable amount of changes. Here is a compilation of all those Major Changes along in the ITR Forms for AY 2018-19. This is for the benefit of students/staffs in charge/ any person who is in charge of the duty of filing return. It contains - Applicability of all ITR forms, and the Main changes that were incorporated, with relevant screenshots wherever possible/required. Please do like comment and share if you find it useful. Thanks. More useful & practical oriented contents coming up in the upcoming days. So stay tuned.

1. Compilation by Varun Krishnan V (CA Student & Freelance Consultant)
For any information/feedback feel free to reach at
krishnan.varun94@gmail.com/ whatsapp at 9884451057
Major Changes in Income Tax Return forms
AY 2018-19

2.  For individuals being a resident other than not
ordinarily resident having Income from Salaries,
one house property, other sources (Interest etc.)
and having total income upto Rs.50 lakh.
 To avail benefit of C/F or Set off, use ITR 2.
 Not Applicable for a NON RESIDENT. So, from 18-
19, NR to choose either ITR 2 or 3.
 Resident Individual who has income to be
apportioned in accordance with provisions of
Section 5A (governed by Portuguese Civil Code)
are no more eligible to file this return.

3.  Detailed Calculation of Salary required unlike
the single figure given in earlier years.
 Detailed Break up of HP is also required to
furnished which was required earlier only
under ITR 2 (Same Change is made in ITR 4-
Sugam).

5.  TDS on rent as per form 26 QC has also to be
furnished under the TDS details now, with
provision for quoting the PAN of tenant.

6.  For Individuals and HUFs not having income
from profits and gains of business or
profession.
 If earning income from Partnership firms
means should be filing only ITR 3.

7.  Following Schedules/Fields are removed –
◦ “Profits and Gains from Business or Profession”
under Part B – TI
◦ Schedule-IF (Income from Firm)
◦ Schedule-BP
◦ “Interest held in the assets of a firm or association
of persons (AOP) as a partner or member thereof”
under Schedule AL.
 TDS on rent as per form 26 QC has also to be
furnished under the TDS details now with
provision for quoting the PAN of tenant (same
as that in ITR 1).

8.  For individuals and HUFs having income from
profits and gains of business or profession.

9.  Under General Information, a field relating to
benefit availed under 115H even after taxpayer
becoming resident, has been included.
 Schedule PL has been amended to include GST.
 Max Depreciation restricted to 40% as per the FA
amendment. (same effect in ITR 5 & 6).
 A place to report proportionate aggregate
depreciation in case of amalgamation, demerger
etc. [Sch DPM (Item 18), Sch DOA (Item 15)]
(same effect in ITR 5 & 6)
 A column for depreciation for land is also
provided separately (same effect in ITR 5 & 6)

10.  Specific heads for ICDS effect in schedule BP
(same effect in ITR 5 & 6)
 A new ICDS Schedule (same effect in ITR 5 & 6)

11.  For presumptive income from Business &
Profession.
 For 44 AD: If the income is less than the
percentage specified (8% or 6% as the case may
be), then ITR 3 or 5 to be filed along with a Tax
Audit u/s 44AB.
 For 44 AD: If the income is less than 50 % of
Gross Receipts, then ITR 3 or 5 to be filed along
with a Tax Audit u/s 44AB.
 For 44 AE: If profits are less than prescribed
under 44AE, or no of vehicles owned is >10, then
ITR 3 or 5 to be filed.

12.  GSTR No and Turnover as per GST Return
filed has to be quoted.

13.  Financial Particulars require certain additional
information, some of them being mandatory
information. (See below)

14.  For persons other than:-
◦ Individual
◦ HUF
◦ Company
◦ Person filing Form ITR-7

15.  For Companies other than companies
claiming exemption under section 11.

16.  New Balance Sheet and P & L Schedules based
on Ind AS Introduced.
 Schedule for Expenditure in respect of
entities registered/not registered under GST
and Break-up of payments/receipts in
Foreign currency (to be filled up by the
assessee who is not liable to get accounts
audited u/s 44AB).
[Schedule GST & Schedule FD]

18.  Section 56(2)(x) income related information
to be separately given.

19.  Income from transfer of carbon credits u/s
115BBG.
 Income chargeable at special rates under DTAA
to be shown in detail.

20.  For persons including companies required to
furnish return under sections 139(4A) or
139(4B) or 139(4C) or 139(4D) or 139(4E) or
139(4F).

21.  Amount of late fees under newly introduced
section 234F which is payable in case of late
filing of ITR.
 A column for the same has been provided in
ALL RETURN FORMS.