New Income Tax Return Forms Latest News Repot,Income Tax Returns Filing Gets Simplified; Here's The New Form For Year 2017-18
New Income Tax Return Forms Latest News Repot,Income Tax Returns Filing Gets Simplified; Here's The New Form For Year 2017-18
In a bid to reduce the compliance burden on the individual tax payer, the Central Board of Direct Taxes (CBDT) on Friday notified a new simplified Income-tax Return or ITR forms for the current assessment year.
The Board today issued a press statement saying one of the major reforms made in the notified ITR Forms is the designing of a one page ITR Form-1 (Sahaj).
"This ITR form-1(Sahaj) can be filed by an individual having income upto Rs 50 lakh and who is receiving income from salary, one house property and other income," the press statement said.
