Zee Media Bureau
New Delhi: The Income Tax department on Tuesday notified new and simplified ITR forms for assesment year 2015-16.
The new forms -- ITR 2 and ITR 2A -- will have only three pages and other details will have to be filled in schedules.
A new form ITR 2A has been brought out by the ministry which can be filed by an individual or HUF who does not have capital gains, income from business/ profession or foreign asset/foreign income.
The simplified I-T return forms are being brought after the earlier version was opposed by industry, MPs and assessees for its cumbersome disclosure norms.
Following the controversy over the ITR forms for Assessment Year 2015-16, which sought details of bank accounts and foreign visits, the revenue department had put them on hold.
The ITR forms, which was notified last month by the CBDT for the current assessment year, had specific columns for banks accounts, IFSC Code, names of joint account holders and foreign visits, including the ones paid by companies.
With Agency Inputs
