CBDT releases draft Common Income Tax Return Form for public consultation

income tax department conducts searches in kolkata

CBDT has released draft Common Income Tax Return Form for public consultation. At present, taxpayers are required to furnish their Income-tax Returns in ITR-1 to ITR-7 depending upon the type of person and nature of income. Finance Ministry said that the proposed draft ITR takes a relook at the return filing system in tandem with … Read more