form 15 15 - Mersn.proforum.co
form 15 15 - Mersn.proforum.co | simple tax form

Five Doubts You Should Clarify About Simple Tax Form | Simple Tax Form

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The government on Friday appear that the new Assets Tax Return anatomy has been simplified for filing returns. It will appear into aftereffect from April 1. The simpler ITR anatomy will crave beneath cardinal of columns to be filled, authoritative the tax filing action abundant easier for individuals.

Here are things you charge to apperceive about the new form:

* Individuals with bacon and absorption assets will accept to ample the new ITR1 ‘Sahaj’ form to book their returns.

* Many of the deductions accept been clubbed, abbreviation the cardinal of columns. Further, for the Assessment year 2017-18, answer claimed beneath altered area of Chapter VIA accept been removed and alone the best frequently acclimated one accept been retained. The ITR1/Sahaj anatomy will accept alone 18 altered columns for claiming answer beneath area 80 of Assets Tax Act.

* Beneath ITR1/Sahaj anatomy columns that accept been retained accommodate answer beneath area 80C, mediclaim Area 80D. However, individuals who appetite to appearance answer beneath added active can do so by selecting an option.

* Beneath Area 80C of the Assets Tax Act, a answer of Rs 1.5

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