Income tax rule amendment: SAHAJ and SUGAM forms introduced; fringe benefits references removed; simplified filing clarified. CBDT amends rule 12 of the Income tax Rules, 1962 effective 1 April 2011: SARAL II is redesignated SAHAJ (ITR 1); references to fringe benefits returns are removed; year cross references are updated; a new Form SUGAM (ITR 4S) is introduced for individuals/HUFs using presumptive business provisions; returns in specified simple ITR forms need not be accompanied by computation statements, tax proofs or audit reports; Appendix II is updated to substitute the revised form names.
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Income tax rule amendment: SAHAJ and SUGAM forms introduced; fringe benefits references removed; simplified filing clarified.
CBDT amends rule 12 of the Income tax Rules, 1962 effective 1 April 2011: SARAL II is redesignated SAHAJ (ITR 1); references to fringe benefits returns are removed; year cross references are updated; a new Form SUGAM (ITR 4S) is introduced for individuals/HUFs using presumptive business provisions; returns in specified simple ITR forms need not be accompanied by computation statements, tax proofs or audit reports; Appendix II is updated to substitute the revised form names.
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