Income Tax Return Forms ITR 1, 2 and 4S Simplified for Convenience of the Tax Payers;

Income Tax Return Forms ITR 1, 2 and 4S Simplified for Convenience of the Tax Payers; https://www.taxtmi.com/news?id=14558 A new ITR-2A is proposed for individuals and HUFs without capital gains, business/professional income, or foreign assets/income, enabling a main form limited to three pages with supplementary schedules filled only if applicable; passport number alone will replace detailed foreign travel disclosure; bank reporting limited to IFS code and account number for current/savings accounts held during the previous year while dormant accounts inactive for three years and account balances need not be reported; expatriates on business, employment or student visas need not report foreign assets acquired while non-resident if no income arose from them. en-us Mon, 01 Jun 2015 09:51:10 +0530 Tue, 02 Jun 2015 10:12:00 +0530 TaxTMI RSS Generator Income Tax Return Forms ITR 1, 2 and 4S Simplified for Convenience of the Tax Payers; https://www.taxtmi.com/news?id=14558 A new ITR-2A is proposed for individuals and HUFs without capital gains, business/professional income, or foreign assets/income, enabling a main form limited to three pages with supplementary schedules filled only if applicable; passport number alone will replace detailed foreign travel disclosure; bank reporting limited to IFS code and account number for current/savings accounts held during the previous year while dormant accounts inactive for three years and account balances need not be reported; expatriates on business, employment or student visas need not report foreign assets acquired while non-resident if no income arose from them. News - Mon, 01 Jun 2015 09:51:10 +0530 https://www.taxtmi.com/news?id=14558