https://www.taxtmi.com/news?id=19880 Notification prescribes Income Tax Return Forms for AY 2018-19, including a simplified ITR Form-1 (Sahaj) for resident individuals with specified incomes and mandated basic salary and house property details. ITR Form-2 is rationalised for Individuals and HUFs without business or professional income; business/profession taxpayers must use ITR-3 or ITR-4. All returns are to be filed electronically, with limited paper filing exceptions for elderly and small income taxpayers. Non residents must furnish one foreign bank account for refund credit; prior cash deposit disclosure requirement is removed. en-us Fri, 06 Apr 2018 09:38:59 +0530 Fri, 06 Apr 2018 09:38:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=19880 Notification prescribes Income Tax Return Forms for AY 2018-19, including a simplified ITR Form-1 (Sahaj) for resident individuals with specified incomes and mandated basic salary and house property details. ITR Form-2 is rationalised for Individuals and HUFs without business or professional income; business/profession taxpayers must use ITR-3 or ITR-4. All returns are to be filed electronically, with limited paper filing exceptions for elderly and small income taxpayers. Non residents must furnish one foreign bank account for refund credit; prior cash deposit disclosure requirement is removed. News - Fri, 06 Apr 2018 09:38:59 +0530 https://www.taxtmi.com/news?id=19880