New ITR forms - Taxpayers and Experts want Some important Changes
The reaction to the Income Tax Department notifying the new ITR forms for the current assessment year has been outrage. The forms requiring an assessee to furnish extensive financial details have been panned by one and all. Retrospective, intrusive, too complicated, difficult to compile were just some of the adjectives used by taxpayers.
Though the I-T Department is simplifying the forms now, given the focus on curbing black money, disclosures are inevitable. However, some amendments are needed.
The Saral forms were introduced to make tax filing easy for the ordinary taxpayers. The new forms are doing exactly the opposite.
 |
| New ITR forms - Taxpayers and Experts want Some important Changes |