Tag Archives: ITR Form

India: Simplified Income-Tax return forms

India: Simplified income-tax return forms The Central Board of Direct Taxes (CBDT) has revised income-tax return (ITR) forms for assessment year 2017-2018. The total number of ITR forms has been reduced from nine to seven. The key changes include: Single page ITR form for salaried class taxpayers Existing ITR 2, ITR 2A, and ITR 3… Read More »

ITR Forms for AY 2016-17 (FY 2015-16) Notified by Income tax Dept

INCOME-TAX (NINTH AMENDMENT) RULES, 2016 AMENDMENT IN RULE 12 AND SUBSTITUTION OF FORMS SAHAJ (ITR-1), ITR-2, ITR-2A, ITR-3, SUGAM (ITR-4S), ITR-4, ITR-5, ITR-6, ITR-7 AND ITR-V NOTIFICATION NO. SO 1262(E) [NO.24/2016 (F.NO.370142/2/2016-TPL)], DATED 30-3-2016 In exercise of the powers conferred by section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of… Read More »

Changes in new ITR Form 3, 4, 5, 6 and 7

Key changes in new ITR Form 3, 4, 5, 6 and 7  I. Introduction: The new ITR Forms 1, 2 and 4S were notified for the Assessment Year 2015-16 vide Notification No. 41/2015, Dated 15-04-2015. However, in view of representations received from various stakeholders, the CBDT came out with simplified version of ITR forms 1,… Read More »