Now File Return Without Any Single Paper Attached-yes Even Without TDS Certificates!

CBDT has notified new Returns for Assessment Year 2007-08 by substituting the Income Tax Rule 12 by notification on 14/5/2007 .The new Rule is effective from 14/5/2007. The biggest simplicity for these forms and ordinary people is that the new returns are annexure less. Meaning thereby that not even single paper is to be attached with these returns. Let us see what the Rule 12(2) says

(2) The return of income and return of fringe benefits required to be furnished in Form No.ITR-1 or Form No ITR-.2 or Form No. ITR-3 or Form No.ITR-4 or Form No.ITR-5 or Form No.ITR-6 or Form No.ITR-8 shall not be accompanied

1. by a statement showing the computation of the tax payable on the basis of the return, or
2. proof of the tax, if any, claimed to have been deducted or
3. collected at source or
4. the advance tax or
5. tax on self-assessment, if any, claimed to have been paid or
6. any document or
7. copy of any account or
8. Form or
9. report of audit required to be attached with the return of income or
10. the return of fringe benefits under any of the provisions of the Act.”

As you can see , there is nothing to be attached with the Return . In fact , the guidance /instruction with the return is that if any document is attached, staffs receiving the return should detach it and return to the person submitting such return.

What are the new Returns for Individuals & HUF?

• ITR-1      For Individuals having Income from Salary/ Pension/ family pension) & Interest, click here
• ITR-2 For Individuals and HUFs not having Income from Business or Profession , click here
• ITR-3 For Individuals/HUFs being partners in firms and not carrying out business or profession under any proprietorship click here.
• ITR-4 For individuals & HUFs having income from a proprietary business or profession, click here.
• ITR-5 For firms, AOPs and BOIs   , Click here.
• ITR-6  For Companies other than companies claiming exemption under section 11. Click here.
• ITR-7  For persons including companies required to furnish return under section 139(4A) or section 139(4B) or section 139(4C) or section 139(4D). Click here.
• ITR-8 For Return for Fringe Benefits. click here.

Complete notification can be obtained from here.