Govt🏛 Notifies Simplified Income Tax Returns Form📑

  |   India News

The government on Friday notified a simplified Income Tax Returns form for individuals, which will be available for filing ITR for Assessment Year 2017-18 from Saturday (April 1, 2017).

The government has done away with two forms ITR 2A (used by individuals & HUFs not having income from business or profession and capital gains and who do not hold foreign assets).

Post July 1, as per amendments to the Finance Bill 2017 as passed by the Lok Sabha, it would become mandatory for an assessee to provide the Aadhaar number or the number showing that he has applied for Aadhaar in the ITR.

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