Sunday, May 31, 2015

NEW ITR FORMS , The last date for filing of Income Tax Return (ITR) has also been extended.

New Delhi, May 31  
The controversial requirement of filling foreign travel and dormant bank account data has been dropped in the new 3-page ITR forms introduced on Sunday by the Indian Finance Ministry, which extended the deadline for filing returns to August 31.

However, the assessees have been asked to give their passport number as also the details of their active bank accounts, the Finance Ministry said.

The main ITR form will not contain more than three pages, while 'other information' will be captured in the "schedules" which will be required to be filled only if applicable.
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