India: Simplified income-tax return forms
The Central Board of Direct Taxes (CBDT) has revised income-tax return (ITR) forms for assessment year 2017-2018. The total number of ITR forms has been reduced from nine to seven.
The key changes include:
- Single page ITR form for salaried class taxpayers
- Existing ITR 2, ITR 2A, and ITR 3 merged into one
- Mandatory electronic filing for all ITR forms, except ITR 1 and ITR 4
- Amendments to other ITR forms
Read an April 2017 report [PDF 287 KB] prepared by the KPMG member firm in India: CBDT notifies new income-tax return forms for Assessment Year 2017-18