CBDT introduces New Series of Forms for filing of Income Tax Return for the Assessment Year 2007-08



The Ministry of Finance notified the salient features of new Return Forms for the AY 2007-08, whereby firms were mandatorily made liable to tax audit under s.44AB of the Income Tax Act 1961. Corporate taxpayers had an option to either file their return electronically under digital signature or transmit the data of the return electronically and thereafter submit a verification Form containing a summary of the return transmitted electronically. All other categories of taxpayers (other than charita
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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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