Income Tax Return ITR forms for FY 2017-2018 (AY 2018-2019)
The Income Tax Department has released the ITR (Income Tax Return) Forms for Financial Year 2017-2018 (i.e. Assessment Year 2018-2019).
These ITR forms will be applicable for income tax returns for income earned from 1st April 2017 to 31st March 2018 i.e. FY 2017-18 (AY 2018-19). The due date of submission of these ITR Forms will be 31st July 2018.
Key Points regarding IT Forms:
ITR 1 is just ONE Page,
Mandatory to quote Aadhaar number, mandatory to disclose bank deposits of more than Rs 2 lakh post demonetisation.
ITR 2 and ITR 3 have a Schedule AL requiring assessees to declare their assets and liabilities at the end of the fiscal.
The existing ITR Forms ITR-2, ITR-2A and ITR-3 have been rationalised and a single ITR-2 has been notified in place of these three forms,
IT...