New I-T Return Forms Notified: Here’s How It Is Different And What You Are Required To Do

The new Income Tax Return (ITR) forms for the assessment year 2018-19 were notified on Thursday by the Central Board of Direct Taxes (CBDT) that mandated salaried class assessees to provide their salary breakup and businessmen their GST number and turnover.

The policy-making body of the tax department said some fields have been “rationalised” in the latest forms and that there is no change in the manner of filing the ITRs as compared to last year.

All the seven ITRs are to be filed electronically except for some category of taxpayers, the CBDT said in a statement.

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