Big Update for Income-tax: Draft common Income tax Return request for inputs from stakeholders and the general public- reg

Draft common Income-tax Return-request for inputs from stakeholders and the general public From Income Tax India

Presently, taxpayers are required to furnish their Income-tax returns in ITR-1 to ITR-7
depending upon the type of person and nature of income. The current ITRs are in the form of designated forms wherein the taxpayer is mandatorily required to go through all the schedules, irrespective of the fact whether that particular schedule is applicable or not. This increases the time taken to file the ITRs and in turn may create avoidable difficulties for taxpayers.

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