We have already looked at the changes that have been made to ITR -1 here and ITR-2 here. Today we list down for you the changes which have been in the Income Tax Return forms ITR -4S for financial year 2014-15 (assessment year 2015-16). There are no significant changes in ITR -4S as such
Change 1 (same from ITR -1) – Same as ITR 1 on aadhar card. EVC submission.
Change 2 (same from ITR -1) – Same as ITR -1 regarding bank account information.
Change (small change) 3 – Starting FY 2014-15, presumptive monthly income from both heavy and other than heavy goods carriages is Rs 7,500 (was Rs 5,000 for heavy good carriage and Rs 4,500 for other than heavy goods carriage uptil FY 2013-14). Therefore they’ve taken off the two sections for heavy and non heavy good carriages and now kept one.
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