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Jun 26, 2017
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I-T return gets simpler for salaried individuals
The Income tax return for salaried individuals (having income up to Rs. 50 lakh) just got simpler with the CBDT coming up with a single page form, as against seven page one earlier.The new income tax return form-1(SAHAJ), which would apply for assessment year 2017-18, could be used for those receiving income from Salary/One House Property/other income (interest etc). This simplified one page form is expected to benefit more than two crore taxpayers.
Source -
http://www.thehindubusinessline.com
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