Blog posts : "incometax"

More disclosures in the Income Tax return

More disclosures are required in the Income tax returns which are recently notified in the new ITR Forms. This underlines the Government's stated objective of increasing the tax net and reducing the possibility of tax evasion.

The highlights are as follows:-

  1. More disclosures for shareho…

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New ITR Forms by CBDT for A.Y. 2017-18 (F.Y. 2016-17)

The ongoing months – June to September is the harbinger of income tax filing season. Taxpayer needs to furnish the particulars of their income to IT Authority.

This time CBDT has revamped the ITR Forms. Board has also showed up with comparatively lesser number of ITR Forms. Some key points are …

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