Policy

Govt notifies simplified tax returns forms

Venkatesan R | | Updated on: Jun 23, 2015

The Income Tax department has notified the new set of ITR form, including a three-page simplified one, for taxpayers to file their returns for assessment year 2015-16.

With the Finance Ministry publishing the gazette order on Monday, taxpayers and other entities can now file their Income Tax Returns (ITR) till August 31, the new deadline set in this regard by the government after it dropped the earlier forms which had attracted criticism for seeking numerous additional details like that of filers’ foreign travel and about dormant bank accounts.

The most simplified form, ITR-2A, to be filled by those individuals and HUFs who do not have income from either business, profession or by way of capital gains and do not hold foreign assets, only asks for the passport number of the tax-filer, with the words “if available”.

Published on January 24, 2018

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