ITR-1 ready for e-filing: Taxmen
All the seven ITR forms are to be filed electronically except for some category of taxpayers.
New Delhi: The latest ITR-1 form, largely used by the salaried class of taxpayers, has been activated on the official e-filing portal of the I-T Department, a senior official said on Tuesday.
The single Income-Tax Return (ITR) form, notified by the CBDT on April 5, has been put on its website on Monday. “Other ITRs will be available shortly,” it said.
The new ITR forms for the assessment year 2018-19 mandate the salaried class assessees to provide their salary breakup, and businessmen their GST number and turnover.
The Central Board of Direct Taxes (CBDT), that frames policy for the tax department, had said some fields have been “rationalised” in the latest forms and that there is no change in the manner of filing the ITRs as compared to the last year.
All the seven ITR forms are to be filed electronically except for some category of taxpayers. The most basic, ITR-1, to be filled by the salaried class of taxpayers, was used by 3 crore taxpayers.