{"id":238703,"date":"2020-11-06T18:45:16","date_gmt":"2020-11-06T13:15:16","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=238703"},"modified":"2020-11-06T19:12:45","modified_gmt":"2020-11-06T13:42:45","slug":"income-tax-return-a-childs-play","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2020\/11\/06\/income-tax-return-a-childs-play\/","title":{"rendered":"Income Tax Return &#8212; A Child&#8217;s Play?"},"content":{"rendered":"<p style=\"text-align: center;\">\u201c<em>Death and taxes in life are certain, knowing how to pay only your fair share is third.<\/em>\u201d<\/p>\n<p style=\"text-align: center;\">\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Yvette D.<\/p>\n<p style=\"text-align: justify;\">Income Tax Return (\u2018ITR\u2019), an annual record of income, enables a taxpayer to declare his income, expenses, tax liability, deductions, savings, investments, etc. during the applicable Fiscal Year [i.e. Financial Year (\u2018FY\u2019) \u2013 a period from April 1 to March 31]. This annual record is to be mandatorily submitted to the Indian revenue authorities in a prescribed format, known as the ITR form. In India, tax on income for individuals, is levied at slab rates i.e. lower income is taxed at a lower rate and higher income at a higher rate. This is also known as vertical equity i.e. people with higher income are placed higher up the ladder and therefore are required to shell out more taxes compared to those with lower income who are placed at the lower end of the ladder. The Income Tax Act, 1961<a href=\"#_ftn1\" name=\"_ftnref1\">[1]<\/a> (\u2018the Act\u2019) and the related rules cast a legal obligation on every individual to file ITR, wherein the total income for the year exceeds the basic exemption limit of INR 2.5 lakhs, which is not chargeable to income tax as per the applicable provisions. However, in case of companies, there is no such basic exemption limit and it becomes mandatory to file the ITR annually.<\/p>\n<p style=\"text-align: justify;\">An assessee, in simpler terms, means a person by whom any tax or any other sum of money is payable under the Act. The total income of an assessee for the FY\/Previous Year (\u2018PY\u2019) is taxable in the relevant Assessment Year (\u2018<strong>AY<\/strong>\u2019). For example, the total income for PY 2019-20 (i.e. from<br \/>\nApril 1, 2019, to March 31, 2020) is taxable in\u00a0 AY 2020-21.<\/p>\n<p style=\"text-align: justify;\"><strong>Why taxes are levied? Can the Government collect the taxes arbitrarily?<\/strong><\/p>\n<p style=\"text-align: justify;\">One of the primary reasons for levy of taxes in India, is that it constitutes the basic source of revenue for the Government, which is further utilised to meet the expenses for development purposes like<br \/>\nhealth care, infrastructure, provision of education, defence, etc. and public welfare.<\/p>\n<ul style=\"text-align: justify;\">\n<li>Article 265 of the Constitution of India, lays down that \u201c<em>No tax shall be levied or collected except by authority of law<\/em>\u201d.<\/li>\n<li>Parliament and State Legislatures are empowered to makes laws on the matters enumerated in the 7<sup>th<\/sup> Schedule by virtue of Article 246 of the Constitution of India.<\/li>\n<li>The 7<sup>th<\/sup> Schedule to Article 246 contains 3 lists which enumerate the matters under which Parliament and the State Legislatures have the authority to make laws for the purpose of levy of taxes.<\/li>\n<li>One of the 3 lists is the \u2018Union List\u2019, on the matters of which, only Parliament has the exclusive power to make laws.<\/li>\n<li><strong>Entry 82 of the \u2018Union List\u2019 has given the power to Parliament to make laws on taxes on income other than agricultural income.<\/strong><\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>Article 265 &#8211;&gt; <\/strong><strong>Article 246 &#8211;&gt; <\/strong><strong>7th Schedule &#8211;&gt; <\/strong><strong>Union List &#8211;&gt; <\/strong><strong>Entry 82 &#8211;&gt;<\/strong><strong>Income Tax<\/strong><\/p>\n<p style=\"text-align: justify;\">Therefore, the Government derives its powers to frame laws on taxes directly from the Constitution of India.<\/p>\n<p style=\"text-align: center;\"><span style=\"color: #800000;\"><strong>IMPORTANCE OF ITR FILING<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\">The ITR serves as an income proof and is very critical for the following reasons:<\/p>\n<ol style=\"text-align: justify;\">\n<li><strong>Claiming refunds or deductions<\/strong>: Deductions are one of the ways to reduce the overall tax liability and save unnecessary tax leakage. By filing ITRs, a person can get refund of Tax Deducted at Source (\u2018TDS\u2019) subject to certain conditions.<\/li>\n<li><strong>Carry forward of losses:<\/strong> In situations wherein losses have been incurred for a particular year, even then the ITR should be filed so that the assessee can carry forward the losses to set off against the gains of the subsequent years, subject to certain conditions. This is one of the efficient ways to reduce the burden of tax in the forthcoming years.<\/li>\n<\/ol>\n<ol style=\"text-align: justify;\" start=\"3\">\n<li><strong>Visa Processing:<\/strong> Foreign consulates often ask for ITRs of past few years, at the time of visa process. Thus, it becomes an important document while travelling overseas.<\/li>\n<\/ol>\n<ol style=\"text-align: justify;\" start=\"4\">\n<li><strong>Government Tender:<\/strong> Individuals that plan to start their own business and are required to fill government tenders, have to furnish ITR of preceding years. It serves as a proof of financial status and acts as a check on timely payment of obligations.<\/li>\n<\/ol>\n<ol style=\"text-align: justify;\" start=\"5\">\n<li><strong>Fee\/Prosecution for non-filing or late filing of ITR: <\/strong>Under the Act, non-filing or late filing of ITR can attract a fee of INR 1,000 if the total income does not exceed INR 5 lakhs. In other circumstances, a penalty of INR 5,000 or INR 10,000 is levied (as the case may be), leading to legal implications for the taxpayers who are mandatorily required to file as per the provisions. Further, a willful failure to furnish ITR in due time may lead to rigorous imprisonment of 3 months to 7 years and fine.<\/li>\n<\/ol>\n<p style=\"text-align: center;\"><span style=\"color: #800000;\"><strong>MODES OF TAX COLLECTION<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\">Some of the important modes of collecting taxes from taxpayers are in the form of\u00a0<em>TDS<\/em>,\u00a0<em>Advance Tax<\/em>\u00a0and Self-Assessment Tax. The taxes are deductible from the total tax due from the assessee. Additionally, every person whose estimated tax liability for the year is INR 10,000 or more shall pay tax in advance i.e. advance tax subject to few exceptions. Advance tax also known as \u2018pay-as-you-earn\u2019 refers to paying a part of the taxes before the end of the FY rather than paying the complete amount at the end of the FY. This helps the Government to get a constant flow of income throughout the year and is beneficial for the assessee to avoid any interest on taxes for late payment.<\/p>\n<p style=\"text-align: justify;\">The assessee, while filing ITR, needs to pay Self-Assessment Tax under Section 140-A of the Act, if tax is due on the total income as per his ITR after adjusting, <em>inter alia<\/em>, TDS, relief of tax, tax credit, advance tax, etc. However, it is to be noted that a senior citizen of age 60 years or above who does not have any income chargeable under the head \u201cProfits and Gains of Business or Profession\u201d is not liable to pay advance tax and can discharge their tax liability (other than TDS) by payment of Self-Assessment Tax.<\/p>\n<p style=\"text-align: center;\"><span style=\"color: #800000;\"><strong>EXEMPTIONS VIS-\u00c0-VIS DEDUCTIONS: A CONUNDRUM<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\">One of the common conundrum that exists among the taxpayers is the difference between <strong>deductions and exemptions<\/strong>. Not all that one earns is taxed in India. Yes! The Government provides exemptions which are applicable on certain types of income, such as agriculture income is exempt from income tax in India. The various items of income that are mentioned in Section 10 of the Act are excluded from the total income of an assessee and hence are known as exempted incomes.<\/p>\n<p style=\"text-align: justify;\">Now, what if the income earned by the individual is not exempted? Is there still a ray of hope? Yes, of course. There are certain other incomes which are included in the Gross Total Income but are wholly or partly allowed as deductions while computing the total income.<\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #008000;\"><strong>Rent paid \u2013 claim exemption or deduction<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\">One of the most common exemption\/deduction claimed by an assessee is for the rent paid while filing ITR. This can be availed by using House Rent Allowance (\u2018HRA\u2019) under Section 10(13-A) of the Act or deduction of rent paid under Section 80GG of the Act. HRA is an allowance granted by an employer to its employee towards payment of rent for residence of the employee. Tax exemption on HRA can be claimed on satisfaction of certain conditions. Whereas, Section 80GG of the Act provides relief to those individuals who do not receive HRA.<\/p>\n<h3 style=\"text-align: center;\"><span style=\"color: #800000;\">ITR FORMS AND THEIR APPLICABILITY<\/span><\/h3>\n<p style=\"text-align: justify;\">Certain sections of society consider the ITR process to be cumbersome. However, it is of significant importance to consider that people with different income levels\/sources are required to file different ITR forms. Every individual is not required to provide detailed information and calculations. For example, a salaried employee who earns a modest salary and has no other source of income except salary, the government has provided a plain-vanilla ITR form which actually becomes a child\u2019s play. The assessee has to judiciously ascertain the ITR form applicable as follows:<\/p>\n<p style=\"text-align: justify;\"><strong><span style=\"color: #008000;\">TABLE: ITR FORMS<\/span><a href=\"#_ftn2\" name=\"_ftnref2\">[2]<\/a><\/strong><\/p>\n<table width=\"603\">\n<tbody>\n<tr>\n<td width=\"92\"><strong>ITR 1<\/strong><\/p>\n<p><strong>(Sahaj)<\/strong><\/td>\n<td width=\"510\">\n<ul>\n<li>For individuals having income from salaries, one house property, other sources (interest etc.) and;<\/li>\n<li>Having total income up to INR 50 lakhs;<\/li>\n<li>It is not applicable to directors of a company or shareholders in an unlisted company.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"92\"><strong>ITR 2<\/strong><\/td>\n<td width=\"510\">\n<ul>\n<li>For individuals and HUFs<\/li>\n<\/ul>\n<p><a href=\"#_ftn3\" name=\"_ftnref3\">[3]<\/a> not carrying out business or profession under any proprietorship.<\/td>\n<\/tr>\n<tr>\n<td width=\"92\"><strong>ITR 3<\/strong><\/td>\n<td width=\"510\">\n<ul>\n<li>For individuals and HUFs having income from a proprietary business or profession.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"92\"><strong>ITR 4 (Sugam)<\/strong><\/td>\n<td width=\"510\">\n<ul>\n<li>For presumptive income from Business and Profession;<\/li>\n<li>Not for an individual who is either Director in a company or has invested in unlisted equity shares.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"92\"><strong>ITR 5<\/strong><\/td>\n<td width=\"510\">\n<ul>\n<li>For persons other than:<\/li>\n<\/ul>\n<p>(i) Individual,<br \/>\n(ii) HUF,<br \/>\n(iii) Company, and<br \/>\n(iv) Person filing Form ITR-7.<\/td>\n<\/tr>\n<tr>\n<td width=\"92\"><strong>ITR 6<\/strong><\/td>\n<td width=\"510\">\n<ul>\n<li>For companies other than those claiming exemptions under Section 11 of the Act.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr>\n<td width=\"92\"><strong>ITR 7<\/strong><\/td>\n<td width=\"510\">\n<ul>\n<li>For persons including companies required to furnish return under Sections 139(4-A) or 139(4-B) or 139(4-C) or 139(4-D) or 139(4-E) or 139(4-F) of the Act.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"text-align: justify;\">ITR can be filed either online or offline. The introduction of online or electronic filing (\u2018E-filing\u2019) portal has made the ITR filing comparatively swifter and easier compared to earlier days making it a child\u2019s play.<\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #008000;\"><strong>FORM 26 AS: A CONSOLIDATED FORM <\/strong><\/span><\/p>\n<p style=\"text-align: justify;\">Form 26AS is a consolidated annual tax statement that reflects details of TDS, Tax Collected at Source, Advance Tax, Self-Assessment Tax, against the taxpayer\u2019s Permanent Account Number (PAN). Basically, it is the record of all the transactions (certain to some conditions) made or done against one\u2019s individual PAN. The Budget for 2020-21 further revised Form 26AS with an aim to provide a more comprehensive profile of the taxpayer which would include all high value transactions like the details provided by banks and financial institutions too.<a href=\"#_ftn4\" name=\"_ftnref4\">[4]<\/a> This is to enhance the flow of information between the taxpayers and the tax authorities. As a result, all the information is available and collected in a consolidated form that is Form 26AS. This in turn facilitates correct ITR filing as the assessee can cross-check the details of income and taxes, thereby making Form 26AS a very important document while filing ITR. For instance, if the employer quotes an incorrect PAN of any employee, TDS deducted will not be reflected in the employee\u2019s Form 26AS. Further, certain high value transactions are also reported in Form 26AS now thus, bringing everything under the Government scanner now.<\/p>\n<p style=\"text-align: justify;\"><span style=\"color: #008000;\"><strong>\u00a0<\/strong><strong>CONCLUSION<\/strong><\/span><\/p>\n<p style=\"text-align: justify;\"><strong>\u00a0<\/strong>Filing ITR is a legal, moral and social duty of every citizen of the country. It provides a platform to the assessee to claim refund of taxes already paid, apart from other reliefs and act as a basis for the Government to determine the revenue generated in the country and accordingly form public welfare policies. The number of registered users on the Income Tax India E-filing Portal as of August 31, 2020 was 9.47 crores<a href=\"#_ftn5\" name=\"_ftnref5\">[5]<\/a> out of approximately 138 crores of population. Now, any individual can easily file ITR by visiting <a href=\"http:\/\/www.incometaxindiaefiling.gov.in\">www.incometaxindiaefiling.gov.in<\/a> and creating own income-tax account simply using their PAN. Considering the Covid-19 pandemic and with a view to providing immediate relief to the business entities and individuals, in a press release dated July 17, 2020, the Ministry of Finance stated that the Income Tax Department refunded INR 71,229 crore to more than 21.24 lakh taxpayers. The last date to file ITR for AY 2019-20 was September 30, 2020 which has been extended to November 30, 2020<a href=\"#_ftn6\" name=\"_ftnref6\">[6]<\/a> and for AY 2020-21 it was November 30, 2020, which has been extended till December 31, 2020<a href=\"#_ftn7\" name=\"_ftnref7\">[7]<\/a>. It is observed that the citizens consider the whole procedure of ITR filing, to be tedious, however, it is undeniable that India is moving towards creating an easier, simpler and efficient tax system with the introduction of e-filing and newly introduced tax reforms.<\/p>\n<hr \/>\n<p style=\"text-align: justify;\"><a href=\"#_ftnref1\" name=\"_ftn1\"><\/a><span style=\"color: #008000;\">*Author is an Economics graduate and also holds a Master\u2019s degree in Economics. Currently, in her final year of LLB (Symbiosis Law School, Pune) wherein she secured merit scholarship for holding first rank in her batch. Author has undergone numerous internships with certain renowned law firms like Khaitan &amp; Co. and L&amp;L Partners, New Delhi. The views expressed in this article are solely of the author and does not relate to the views of any other person or firm.<\/span><\/p>\n<p style=\"text-align: justify;\"><a href=\"#_ftnref1\">[1]<\/a> Income Tax Act, 1961<\/p>\n<p style=\"text-align: justify;\"><a href=\"#_ftnref2\" name=\"_ftn2\">[2]<\/a> incometaxindia.gov.in<\/p>\n<p style=\"text-align: justify;\"><a href=\"#_ftnref3\" name=\"_ftn3\">[3]<\/a>HUF stands for Hindu Undivided Family<\/p>\n<p style=\"text-align: justify;\"><a href=\"#_ftnref4\" name=\"_ftn4\">[4]<\/a> Union Budget 2020-21, Ministry of Finance, Government of India<\/p>\n<p style=\"text-align: justify;\"><a href=\"#_ftnref5\" name=\"_ftn5\">[5]<\/a> <a href=\"https:\/\/www.incometaxindiaefiling.gov.in\/moreStatistics\">https:\/\/www.incometaxindiaefiling.gov.in\/moreStatistics<\/a><\/p>\n<p style=\"text-align: justify;\"><a href=\"#_ftnref6\" name=\"_ftn6\">[6]<\/a> F.No. 225.150\/2020-ITA-II, dated 30-9-2020<\/p>\n<p style=\"text-align: justify;\"><a href=\"#_ftnref7\" name=\"_ftn7\">[7]<\/a> CBDT issues Press Release for extension of due dates for filing Income tax Returns and Tax Audit Reports under the Income Tax Act, 1961 for AY 2020-21, dated 25-10-2020.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>by Shubhangi Agarwal*<\/p>\n","protected":false},"author":8808,"featured_media":238712,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[42503,1191],"tags":[2592,20571,9181,43642],"class_list":["post-238703","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legal-analysis","category-op-ed","tag-Income_Tax","tag-income-tax-return","tag-itr","tag-taxes"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.4 (Yoast SEO v26.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Income Tax Return -- A Child&#039;s Play? | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.scconline.com\/blog\/post\/2020\/11\/06\/income-tax-return-a-childs-play\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Income Tax Return -- A Child&#039;s Play?\" \/>\n<meta property=\"og:description\" content=\"by Shubhangi Agarwal*\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.scconline.com\/blog\/post\/2020\/11\/06\/income-tax-return-a-childs-play\/\" \/>\n<meta property=\"og:site_name\" content=\"SCC Times\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/scc.online\/\" \/>\n<meta property=\"article:published_time\" content=\"2020-11-06T13:15:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-11-06T13:42:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2020\/11\/tax.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1331\" \/>\n\t<meta property=\"og:image:height\" content=\"888\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Bhumika Indulia\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Bhumika Indulia\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"10 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2020\/11\/06\/income-tax-return-a-childs-play\/\",\"url\":\"https:\/\/www.scconline.com\/blog\/post\/2020\/11\/06\/income-tax-return-a-childs-play\/\",\"name\":\"Income Tax Return -- A Child's Play? | SCC Times\",\"isPartOf\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2020\/11\/06\/income-tax-return-a-childs-play\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2020\/11\/06\/income-tax-return-a-childs-play\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2020\/11\/tax.jpg\",\"datePublished\":\"2020-11-06T13:15:16+00:00\",\"dateModified\":\"2020-11-06T13:42:45+00:00\",\"author\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/919ec47cc1b871b362af05740398033a\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2020\/11\/06\/income-tax-return-a-childs-play\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.scconline.com\/blog\/post\/2020\/11\/06\/income-tax-return-a-childs-play\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2020\/11\/06\/income-tax-return-a-childs-play\/#primaryimage\",\"url\":\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2020\/11\/tax.jpg\",\"contentUrl\":\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2020\/11\/tax.jpg\",\"width\":1331,\"height\":888},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.scconline.com\/blog\/post\/2020\/11\/06\/income-tax-return-a-childs-play\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.scconline.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Income Tax Return &#8212; A Child&#8217;s Play?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.scconline.com\/blog\/#website\",\"url\":\"https:\/\/www.scconline.com\/blog\/\",\"name\":\"SCC Times\",\"description\":\"Bringing you the Best Analytical Legal News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.scconline.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/919ec47cc1b871b362af05740398033a\",\"name\":\"Bhumika Indulia\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/04\/Me-150x150.jpg\",\"contentUrl\":\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/04\/Me-150x150.jpg\",\"caption\":\"Bhumika Indulia\"},\"url\":\"https:\/\/www.scconline.com\/blog\/post\/author\/editor_1\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Income Tax Return -- A Child's Play? | SCC Times","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.scconline.com\/blog\/post\/2020\/11\/06\/income-tax-return-a-childs-play\/","og_locale":"en_US","og_type":"article","og_title":"Income Tax Return -- A Child's Play?","og_description":"by Shubhangi Agarwal*","og_url":"https:\/\/www.scconline.com\/blog\/post\/2020\/11\/06\/income-tax-return-a-childs-play\/","og_site_name":"SCC Times","article_publisher":"https:\/\/www.facebook.com\/scc.online\/","article_published_time":"2020-11-06T13:15:16+00:00","article_modified_time":"2020-11-06T13:42:45+00:00","og_image":[{"width":1331,"height":888,"url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2020\/11\/tax.jpg","type":"image\/jpeg"}],"author":"Bhumika Indulia","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Bhumika Indulia","Est. reading time":"10 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.scconline.com\/blog\/post\/2020\/11\/06\/income-tax-return-a-childs-play\/","url":"https:\/\/www.scconline.com\/blog\/post\/2020\/11\/06\/income-tax-return-a-childs-play\/","name":"Income Tax Return -- A Child's Play? | SCC Times","isPartOf":{"@id":"https:\/\/www.scconline.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2020\/11\/06\/income-tax-return-a-childs-play\/#primaryimage"},"image":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2020\/11\/06\/income-tax-return-a-childs-play\/#primaryimage"},"thumbnailUrl":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2020\/11\/tax.jpg","datePublished":"2020-11-06T13:15:16+00:00","dateModified":"2020-11-06T13:42:45+00:00","author":{"@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/919ec47cc1b871b362af05740398033a"},"breadcrumb":{"@id":"https:\/\/www.scconline.com\/blog\/post\/2020\/11\/06\/income-tax-return-a-childs-play\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.scconline.com\/blog\/post\/2020\/11\/06\/income-tax-return-a-childs-play\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.scconline.com\/blog\/post\/2020\/11\/06\/income-tax-return-a-childs-play\/#primaryimage","url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2020\/11\/tax.jpg","contentUrl":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2020\/11\/tax.jpg","width":1331,"height":888},{"@type":"BreadcrumbList","@id":"https:\/\/www.scconline.com\/blog\/post\/2020\/11\/06\/income-tax-return-a-childs-play\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.scconline.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Income Tax Return &#8212; A Child&#8217;s Play?"}]},{"@type":"WebSite","@id":"https:\/\/www.scconline.com\/blog\/#website","url":"https:\/\/www.scconline.com\/blog\/","name":"SCC Times","description":"Bringing you the Best Analytical Legal News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.scconline.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/919ec47cc1b871b362af05740398033a","name":"Bhumika Indulia","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.scconline.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/04\/Me-150x150.jpg","contentUrl":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/04\/Me-150x150.jpg","caption":"Bhumika Indulia"},"url":"https:\/\/www.scconline.com\/blog\/post\/author\/editor_1\/"}]}},"jetpack_featured_media_url":"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2020\/11\/tax.jpg","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":117781,"url":"https:\/\/www.scconline.com\/blog\/post\/2017\/04\/01\/cbdt-introduces-simplified-itr-form-1-sahaj-for-individuals-for-ay-2017-18\/","url_meta":{"origin":238703,"position":0},"title":"CBDT introduces simplified ITR Form-1 (Sahaj) for individuals, for AY 2017-18","author":"Saba","date":"April 1, 2017","format":false,"excerpt":"The Central Board of Direct Taxes has notified Income-tax Return Forms (ITR Forms) for the Assessment Year 2017-18. One of the major reforms made in the notified ITR Forms is the designing of a one page simplified ITR Form-1 (Sahaj). \u00a0This ITR Form-1 (Sahaj) can be filed by an individual\u2026","rel":"","context":"In &quot;Hot Off The Press&quot;","block_context":{"text":"Hot Off The Press","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/hot_off_the_press\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/06\/income-tax.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/06\/income-tax.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/06\/income-tax.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/06\/income-tax.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2016\/06\/income-tax.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":379991,"url":"https:\/\/www.scconline.com\/blog\/post\/2026\/04\/02\/income-tax-amendment-rules-2026-changes-in-itr-forms-ay-2026-27\/","url_meta":{"origin":238703,"position":1},"title":"Income-tax Amendment Rules 2026: Key Changes in ITR Forms for AY 2026-27","author":"Kriti","date":"April 2, 2026","format":false,"excerpt":"On 30-3-2026, the Ministry of Finance notified a series of amendments to the Income-tax Rules, 1962, primarily updating various Income-tax Return (ITR) forms. These changes will apply to returns filed for Assessment Year 2026\u201427 and impact taxpayers across categories, including individuals, HUFs, firms, companies, and charitable entities.","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"Income-tax Amendment Rules 2026 ITR Forms","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2026\/04\/BLOG-2026-04-02T133736.537.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2026\/04\/BLOG-2026-04-02T133736.537.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2026\/04\/BLOG-2026-04-02T133736.537.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2026\/04\/BLOG-2026-04-02T133736.537.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":352572,"url":"https:\/\/www.scconline.com\/blog\/post\/2025\/07\/06\/latest-cases-income-tax-laws-reported-in-itr\/","url_meta":{"origin":238703,"position":2},"title":"Cases Reported in ITR| Latest Cases on Income Tax Laws","author":"Shikha","date":"July 6, 2025","format":false,"excerpt":"Explore the latest cases reported in Income Tax Reports (ITR) Volume on Return of Income, Royalty, Exemptions, Investment business, Reassessment, Appeal and much more.","rel":"","context":"In &quot;Cases Reported&quot;","block_context":{"text":"Cases Reported","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casesreported\/"},"img":{"alt_text":"Latest Cases on Income Tax Laws","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/07\/Latest-Cases-on-Income-Tax-Laws.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/07\/Latest-Cases-on-Income-Tax-Laws.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/07\/Latest-Cases-on-Income-Tax-Laws.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/07\/Latest-Cases-on-Income-Tax-Laws.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":348887,"url":"https:\/\/www.scconline.com\/blog\/post\/2025\/05\/27\/cbdt-extends-itr-filing-deadline-income-tax\/","url_meta":{"origin":238703,"position":3},"title":"ITR Filing Deadline extended! CBDT pushes due date to 15th September 2025","author":"Kriti","date":"May 27, 2025","format":false,"excerpt":"This extension of time will facilitate a smooth and convenient filing experience for taxpayers.","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"ITR Filing deadline","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/05\/ITR-Filing-deadline.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/05\/ITR-Filing-deadline.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/05\/ITR-Filing-deadline.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/05\/ITR-Filing-deadline.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":365794,"url":"https:\/\/www.scconline.com\/blog\/post\/2025\/11\/05\/latest-cases-on-income-tax-laws-itr-2\/","url_meta":{"origin":238703,"position":4},"title":"Cases Reported in ITR | Latest Cases on Income Tax Laws","author":"Shikha","date":"November 5, 2025","format":false,"excerpt":"Explore the latest cases reported in SCC\u2019s Income Tax Reports (ITR) Volume on Appeal, Refund, Assessment, Revision, Business expenditure, Recovery of Tax, Revision, Capital or Revenue receipt, Search and Seizure, Benami Transactions and much more.","rel":"","context":"In &quot;Cases Reported&quot;","block_context":{"text":"Cases Reported","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casesreported\/"},"img":{"alt_text":"Latest Cases on Income Tax Laws","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/11\/tax-27.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/11\/tax-27.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/11\/tax-27.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/11\/tax-27.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":265019,"url":"https:\/\/www.scconline.com\/blog\/post\/2022\/04\/05\/cbdt-notifies-form-itr-7-for-financial-year-2022-23-vide-income-tax-5th-amendment-rules-2022\/","url_meta":{"origin":238703,"position":5},"title":"CBDT notifies Form ITR-7 for financial year 2022-23 vide Income-tax (5th Amendment) Rules, 2022","author":"Bhumika Indulia","date":"April 5, 2022","format":false,"excerpt":"The Central Board of Direct Taxes vide notification dated 1st April, 2022 has issued the Income-tax (5th Amendment) Rules, 2022 effective April 01, 2022. The amendment has substituted Form ITR-7 with the new one. \u00a0 Form ITR-7 deals with the Return under section 139(4A) of Income Tax Act required to\u2026","rel":"","context":"In &quot;Legislation Updates&quot;","block_context":{"text":"Legislation Updates","link":"https:\/\/www.scconline.com\/blog\/post\/category\/legislationupdates\/"},"img":{"alt_text":"CBDT","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-159-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-159-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-159-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-159-1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/08\/MicrosoftTeams-image-159-1.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/238703","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/8808"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=238703"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/238703\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media\/238712"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=238703"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=238703"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=238703"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}