One common ITR form for all: Will it actually help the taxpayers?2 min read 07 Nov 2022, 09:32 AM IST
One common ITR form for all: Currently, there are 7 types of ITR forms which are filed by different categories of taxpayers
The finance ministry has proposed to come out with a common income tax return (ITr) form for all taxpayers. Currently, there are 7 types of ITR forms which are filed by different categories of taxpayers. "It proposes to introduce a common ITR by merging all the existing returns of income except ITR-7. The draft ITR aims to bring ease of filing returns and reduce the time for filing the ITR by individuals and non-business-type taxpayers considerably," the CBDT said.
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