New Income Tax Return Forms latest news report .Income Tax returns filing gets simplified; here's the new form for FY 2017-18
Filling income tax return has been made easier now than ever before. Has brought new form to fill out income tax returns from the government for her. The new form will be pre-paid in the lower corner and easier than ever before. The income tax return is to know what changes have come new form filled.
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.
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