Tech Jungle


New Income Tax Forms for returns for the assessment year 2007-2008
June 4, 2007, 12:22 pm
Filed under: FINANCE

New `forms` of worry

Delhi : The new income-tax forms notified by the Central Board of Direct Taxes (CBDT) recently are meant for the current assessment year — 2007-08. The draft forms were published in the last week of April and the basic thrust of the new tax forms are (i) annexure-less filing of tax returns; and (ii) compatibility to electronic filing method. However, hassle-free assessment may be difficult, as the new forms have a fair share of ambiguities and inconsistencies.

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