News APP

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  gplay

Home  » Business » Filing returns to be easier, Saral to return

Filing returns to be easier, Saral to return

Source: PTI
July 06, 2009 19:23 IST
Get Rediff News in your Inbox:
Scrapped three years back, the much talked-about simple tax form, Saral, is on its way back in a new avatar, making the task of filing tax returns easier.

"The Income Tax return forms should be simple and user friendly. I have asked the department to work on Saral-II forms for early introduction," Finance Minister Pranab Mukherjee said today while unveiling the Budget 2009-10.

Mukherjee said, "It is time that we complete the process of building a trust-based simple, neutral tax system".

"We need a tax system which generates revenues on a sustained basis without use of coercive tax collection methods at the end of each year to meet the targets," Mukherjee said.

The simple, one-page Saral form was replaced by the form 2F from August 1, 2006, which was a four-page form. After much opposition from various quarters, the government scrapped form 2F as well, replacing it with ITR forms, which can be accessed online.

A Parliamentary Standing Committee had also dubbed form 2F as 'Kathin' (hard), asking for its replacement with Saral form.

Get Rediff News in your Inbox:
Source: PTI© Copyright 2024 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
 

Moneywiz Live!