Last day to file income tax returns: Here are 10 things to keep in mind
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1. ITR forms have been reduced from 9 to 7
For financial year, 2016-17, the Central Board of Direct Taxes (CBDT) has made some relevant changes to the ITR forms. To make the process less tedious, the number of ITR forms have been reduced from nine to seven.
Earlier, there used to be three forms: ITR-2, ITR-2A and ITR-3, now all these are now have been now replaced by just one form, which is ITR-2. Consequently, ITR-4 and ITR-4S (Sugam) have been renumbered as ITR-3 and ITR-4 (Sugam), respectively.