CBDT notifies new Income Tax Return Forms for AY 2017-18

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..... d Income-tax Return Forms (ITR Forms) for the Assessment Year 2017-18. One of the major reforms made in the notified ITR Forms is the designing of a one page simplified ITR Form-1(Sahaj) . This ITR Form-1(Sahaj) can be filed by an individual having income upto ₹ 50 lakh and who is receiving income from salary one house property / other income (interest etc.) . Various parts of ITR Form-1 .....

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..... R Forms are to be filed electronically. However, where return is furnished in ITR-1 (Sahaj) or ITR-4 (Sugam) , the following persons have an option to file return in paper form:- (i) an individual of the age of 80 years or more at any time during the previous year; or (ii) an individual or HUF whose income does not exceed five lakh rupees and who has not claimed any refund in the return o .....

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