Last date to file Income Tax Returns is 31st August
Posted on: 21/Jul/2015 11:10:53 AM
The new set of ITR or Income Tax Return forms, including a three-page simplified one, for taxpayers to file their returns for assessment year 2015-16 has been notified by Income Tax Department. The most simplified form, ITR-2A, to be filled by those individuals and HUFs (Hindu Undivided Families) who do not have income from either business, profession or by way of capital gains and do not hold foreign assets, only asks for the passport number of the tax-filer, with the words "if available".
Filers now will have to declare only about the "total number of savings and current bank accounts" held by them "at any time during the previous year (excluding dormant accounts)."The form also has space to fill up the IFSC code of the bank and in an additional feature, tax filers have been given an option to indicate their bank accounts in which they would want their refund credited.The Income Tax Department, in the new ITRs, has also sought the Aadhaar number of filers and has also given options for providing two email ids to it.
In the ITR-2, for individuals and HUFs having income from business or profession, the form remains simple but they will have to declare if they hold any foreign assets abroad or have income from "any source outside India."
The last date for filing of the ITR has already been extended for this year to August 31.
Further details can be had in https://incometaxindiaefiling.gov.in/
