The Union Finance Ministry on Sunday came out with a simplified income-tax return (ITR) form, replacing the controversial 14-page form that had sought information on foreign trips and dormant bank accounts.
The last date for filing returns has been extended till August 31 against the normal practice of July 31, as the software for these forms is under preparation.
In forms ITR-2 and ITR-2A, the main form will not contain more than three pages, and other information will be captured in the schedules that are required to be filled only if applicable.
Form ITR-2 is needed to be filled by individuals and Hindu Undivided Families (HUF) having income from more than one house property and capital gains.
Observing that majority of individuals/HUFs who file Form ITR-2 do not have capital gains, the government has introduced new form ITR-2A for individuals who have income from more than one residential property but no capital gains from them.
The last date for
filing of returns is
now August 31
The last date for filing returns has been extended till August 31 against the normal practice of July 31, as the software for these forms is under preparation.
In forms ITR-2 and ITR-2A, the main form will not contain more than three pages, and other information will be captured in the schedules that are required to be filled only if applicable.
Form ITR-2 is needed to be filled by individuals and Hindu Undivided Families (HUF) having income from more than one house property and capital gains.
Observing that majority of individuals/HUFs who file Form ITR-2 do not have capital gains, the government has introduced new form ITR-2A for individuals who have income from more than one residential property but no capital gains from them.
The last date for
filing of returns is
now August 31
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