In a step to reduce the compliance burden of around 2 crore tax payers the Central Board of Direct Taxes notified simplified income tax returns (ITR) form for individuals. These ITR forms will be for the assessment year 2017-18 and filed electronically from April 1, 2017.At present, ITR 1 (Sahaj) is filed by an individual having income from salary, one house property and other income...
