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ITR forms more simplified: Jaitley
Highlights
The controversial new income tax return forms, which had been put on hold, will be \"far more simplified\", Union Finance Minister Arun Jaitley said on Saturday, but kept the suspense on if the requirement of disclosing all bank accounts and foreign travels will be retained. He said after having public consultations, he has asked the income tax department to come up with the simplest form, which is available.
New Delhi: The controversial new income tax return forms, which had been put on hold, will be "far more simplified", Union Finance Minister Arun Jaitley said on Saturday, but kept the suspense on if the requirement of disclosing all bank accounts and foreign travels will be retained. He said after having public consultations, he has asked the income tax department to come up with the simplest form, which is available.
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