Big Announcement By CBDT,Know Here.

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Income Tax Return (ITR): Big Announcement By CBDT

Bhubaneswar: The Central Board of Direct Taxes (CBDT) today clarified that no changes have been made in the Income Tax Return (ITR) forms including ITR-2 and ITR-3.

In a release, CBDT stated that no changes have been made since the notification was made on April 1, 2019, the first day of the assessment year 2019-20.

The clarification comes up in the wake of certain reports in social media that taxpayers are facing problems in filing their income tax returns in ITR-2 and ITR-3 due to large scale changes in the ITR form on July 11, 2019.



 

In its release, the CBDT said, “The software utility for e-filing of all the ITR forms has been released longback. The utility for e-filing ITR-2 and ITR-3 were released on 2′ May and on May 10, 2019 respectively. However, the software utility update is a dynamic process and is continuously taken up as per the feedback received from the users filers to ease their experience in electronic filing of the return.”

More than 85 lakh taxpayers have filed returns in ITR- I till date by using the said utility which has also undergone update later. Therefore, the impression that the taxpayers are not able to file return due to changes in ITR form is also not correct as more than 1.38 crore taxpayers have already filed their returns by using the utility released till date.

CBDT explained that the updation in utility of ITR forms is based on feedback and mainly aimed at easing the compliance burden of the taxpayers by facilitating easier e-filing. For instance this year, the facility of pre-filling of return forms has been provided based on the information furnished in the TDS statements. This facility has been updated in the utility subsequently. This would substantially reduce the efforts of taxpayers in filling of return forms.



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