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This is an archive article published on April 27, 2010

Filing tax returns to get easier

The Tax Department has made effective a new form that promises to make it much easier for taxpayers to file their returns.

The Finance Ministry has come out with 8216;Saral-II8217;,the new income tax returns form,that seeks to make tax filing easy on the assessee and gather information on TDS paid on salary and interest.

The Saral-II,a two-page form,was mentioned by Finance Minister Pranab Mukherjee in his Budget speech for 2010-11.

8220;This form will enable individuals to enter relevant details in a simple format in only two pages,8221; he had said.

Besides the usual columns to elicit details of income chargeable under the head salaries and pension,house property and other sources for calculating gross income,the form also includes columns to furnish details of Advance Tax and Self Assessment Tax Payments and transactions reported through Annual Information Return.

The form can be downloaded from income tax department8217;s website incometaxindia.gov.in.

 

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