Filing income tax returns is relied upon to get easier for salaried citizens, with the government introducing another form from April 1. The ITR-1 frame, likewise called Sahaj, will have less sections that should be filled as a income tax deduction reasonings have been clubbed together.
Right now, the frame has 18 segments for guaranteeing deductions under Section 80 of the Income Tax Act. “Segments that will remain are those utilized for guaranteeing claimings under Section 80C, and 80D. Those people who need to show conclusions under different heads can do as such by choosing a choice.”
The new frame is probably going to urge more individuals to file returns. As of now, just six crore out of 29 crore individuals who have a Permanent Account Number file their income tax returns. The ITR-1 shape can likewise be filled online from April 1 to July 31. The Finance Bill passed in the Lok Sabha on March 22 made it obligatory to outfit an Aadhaar card to income tax returns from July 1.