Tuesday, 9 June 2015

A Comment on New Income Tax Return Forms available now

My Comment on an article "Six things to know about the new income tax return forms" published in the economictimes.com Dated 08/06/2015 at 10 40 pm.

"These are some useful revelations about the structure of new Income Tax Return forms. 

The new IT return, ITR 2 and ITR 2A, contain only 3 pages in place of the old forms containing 14 pages.Only relevant details basically obligatory are to be provided in these forms. 

Now, you are not compelled to disclose details of foreign trips or dormant bank account details.

Any other data can be enclosed as schedules to this Form. Consequently the last date for submission of forms is also going to extended till August 31."

For full details of changes and amendments in forms, you should go through the article at  this Link

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