20 May 2015
I just saw the ITR-1 for a.y. 2015-16 , which was introduced & withdrawn. The form looks similar to that of last year, except for a few changes.
One major change was that it required to disclose the details of all bank bank accounts maintained by the individual during the assessment period.
A New Form ITR 2A Proposed which can be Filed by an Individual or HUF who does not have Capital Gains, Income from Business/Profession or Foreign Asset/Foreign Income; In Form ITR 2 and the New Form ITR 2A, the Main Form will not Contain more than 3 Pages, and other Information will be Captured in the Schedules which will be Required to be filled only if applicable;
As the Software for these Forms is under Preparation, they are likely to be available for e-filing by 3rd week of june 2015;Time Limit for Filing these Returns is also Proposed to be Extended up to 31.08.2015.
Order under section 119 of the income tax for assessment year 2015-16 reg. The CBDT in exercise of powers conferred under sec.119 of income tax act,1961, hereby the due date for filling returns in terms of clause(c) of explanation 2 to sub section (1) of section 139 of Income tax act 1961, for assessment year 2015-16 from July 31,2015 to 31st August 2015 in respect of income tax assessess concerned. (order dated 10th June 2015) (Richa Rastogi) Under secretary of the Government of India
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