Key Changes in Income Tax Return Forms Announced: 5 Things You Should Know In the coming months, the government expects you to give more details about your finances and business with the filing of income tax. The new forms, issued by the Central Board of Direct Taxes for the 2017-18 fiscal year, you will see several new columns from all categories of taxpayers Sahaja (ITR1), Form ITR-2, Form of the ITR-3 form Sugam -ITR-4, form MFI-5, 6-form MFI, MFI-form 7, and the shape of MFI-V. Why is the government asks its citizens to provide more information? According to the report Economic Times, information from the salaried persons benefits not exempt from tax, in summing up the direct and indirect taxes, the amount of any enterprise to engage in any lawful business, the IT department seeks to prevent tax evasion on a few levels. A) There are more than 25 major changes in the new ITR forms. B) Some of these changes clearly indicate that the focus of the new ITR form ...
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