Draft common Income tax Return: a merged, wizard driven, pre-fill capable ITR to simplify taxpayer compliance and reconciliation. The draft proposes a common Income-tax Return consolidating existing returns (except ITR-7) while retaining ITR-1 and ITR-4 as optional. Core parts (basic information, computation of total income, tax computation, bank and tax payment details) apply to all taxpayers; additional schedules are conditionally shown via wizard questions so only applicable schedules appear. The form emphasises single-value rows, repeatable schedule instances, increased pre-filling, reconciliation with third-party data, user-friendly instructions, and includes annexures and sample customised ITRs; stakeholder comments are invited by the stated deadline.
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Draft common Income tax Return: a merged, wizard driven, pre-fill capable ITR to simplify taxpayer compliance and reconciliation.
The draft proposes a common Income-tax Return consolidating existing returns (except ITR-7) while retaining ITR-1 and ITR-4 as optional. Core parts (basic information, computation of total income, tax computation, bank and tax payment details) apply to all taxpayers; additional schedules are conditionally shown via wizard questions so only applicable schedules appear. The form emphasises single-value rows, repeatable schedule instances, increased pre-filling, reconciliation with third-party data, user-friendly instructions, and includes annexures and sample customised ITRs; stakeholder comments are invited by the stated deadline.
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