{"id":11582,"date":"2020-06-22T18:34:30","date_gmt":"2020-06-22T13:04:30","guid":{"rendered":"https:\/\/www.hostbooks.com\/in\/?p=11582"},"modified":"2020-12-03T13:37:55","modified_gmt":"2020-12-03T08:07:55","slug":"generate-itr-1-and-itr-4-xml-and-other-new-changes-implemented-for-ay2020-21","status":"publish","type":"post","link":"https:\/\/www.hostbooks.com\/in\/hb\/whats-new\/generate-itr-1-and-itr-4-xml-and-other-new-changes-implemented-for-ay2020-21\/","title":{"rendered":"Generate ITR-1 and ITR-4 XML and other new changes implemented for AY2020-21"},"content":{"rendered":"<p>With this release, ITR-1 and ITR-4 XML generation available for AY 2020-21, and some other changes for AY2020-21 incorporated in our ITR software.<\/p>\n<ul>\n<li>ITR-1 and ITR-4 XML generation available for AY 2020-21<\/li>\n<li>The following changes incorporated for AY 2020-21.\n<ul>\n<li>New Schedule DI has been added.<\/li>\n<li>Standard Deduction limit increased to \u20b950,000 for AY 2020-21.<\/li>\n<li>Employer category \u2018State government\u2019 and \u2018Central government\u2019 has been added.<\/li>\n<li>Changes in TDS 3 (194 IA) &#8211; a column for &#8216;Aadhaar Number of Tenant&#8217; has been added.<\/li>\n<li>The deduction U\/S 80D presentation method has been changed.<\/li>\n<li>Deduction U\/S 80EEA &amp; 80EEB has been added and 80CCD(2) 14% limit for central government employee<\/li>\n<li>New field \u2018Are you filing return of income under the seventh proviso to section 139(1))\u2019 has been added in case of return filed in response to section 139(1) (not applicable in case of firm)<\/li>\n<li>Aadhaar number of Representative field has been added.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h5>ITR-1 and ITR-4 XML generation available for AY 2020-21<\/h5>\n<p><img decoding=\"async\" src=\"https:\/\/www.hostbooks.com\/in\/wp-content\/uploads\/2020\/06\/tax-24-1.jpg\" class=\"img-responsive\" alt=\"Tax software\"><\/p>\n<h5>Schedule DI \u2013 Details of Investment page<\/h5>\n<p><img decoding=\"async\" src=\"https:\/\/www.hostbooks.com\/in\/wp-content\/uploads\/2020\/06\/tax-24-2.jpg\" class=\"img-responsive\" alt=\"Tax software\"><\/p>\n<h5>Standard deduction limit increased to \u20b950,000 for AY 2020-21<\/h5>\n<p><img decoding=\"async\" src=\"https:\/\/www.hostbooks.com\/in\/wp-content\/uploads\/2020\/06\/tax-24-3.jpg\" class=\"img-responsive\" alt=\"Tax software\"><\/p>\n<h5>Employer category &#8216;Central Government&#8217; and &#8216;State Government&#8217; has been added<\/h5>\n<p><img decoding=\"async\" src=\"https:\/\/www.hostbooks.com\/in\/wp-content\/uploads\/2020\/06\/tax-24-4.jpg\" class=\"img-responsive\" alt=\"Tax software\"><\/p>\n<h5>A column for &#8216;Aadhaar Number of Tenant&#8217; added  in TDS 3 (194 IA)<\/h5>\n<p><img decoding=\"async\" src=\"https:\/\/www.hostbooks.com\/in\/wp-content\/uploads\/2020\/06\/tax-24-5.jpg\" class=\"img-responsive\" alt=\"Tax software\"><\/p>\n<h5>Deduction U\/S 80D presentation method changed<\/h5>\n<p><img decoding=\"async\" src=\"https:\/\/www.hostbooks.com\/in\/wp-content\/uploads\/2020\/06\/tax-24-6.jpg\" class=\"img-responsive\" alt=\"Tax software\"><\/p>\n<h5>Deduction U\/S 80EEA &amp; 80EEB added<\/h5>\n<p><img decoding=\"async\" src=\"https:\/\/www.hostbooks.com\/in\/wp-content\/uploads\/2020\/06\/tax-24-7.jpg\" class=\"img-responsive\" alt=\"Tax software\"><\/p>\n<h5>New fields added in case of \u2018Return filed in response to 139(1)<\/h5>\n<p><img decoding=\"async\" src=\"https:\/\/www.hostbooks.com\/in\/wp-content\/uploads\/2020\/06\/tax-24-8.jpg\" class=\"img-responsive\" alt=\"Tax software\"><\/p>\n<h5>Aadhaar Number of Representative field added<\/h5>\n<p><img decoding=\"async\" src=\"https:\/\/www.hostbooks.com\/in\/wp-content\/uploads\/2020\/06\/tax-24-9.jpg\" class=\"img-responsive\" alt=\"Tax software\"><\/p>\n<p>We are always excited to hear from you. If you have any feedback, question, or concern, please drop us an email at <a href=\"mailto:qa@hostbooks.com\">qa@hostbooks.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>With this release, ITR-1 and ITR-4 XML generation available for AY 2020-21, and some other<span class=\"excerpt-hellip\"> [\u2026]<\/span><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9295,9291],"tags":[],"yst_prominent_words":[],"_links":{"self":[{"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/posts\/11582"}],"collection":[{"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/comments?post=11582"}],"version-history":[{"count":1,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/posts\/11582\/revisions"}],"predecessor-version":[{"id":11592,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/posts\/11582\/revisions\/11592"}],"wp:attachment":[{"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/media?parent=11582"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/categories?post=11582"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/tags?post=11582"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.hostbooks.com\/in\/hb\/wp-json\/wp\/v2\/yst_prominent_words?post=11582"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}