Central Board of Direct Taxes [CBDT] has notified the new forms to file Income tax return for assessment year 2011-12. New ITR Form Sahaj and New ITR Form Sugam has been introduced.
Sahaj (ITR 1) (replacement of Saral-II), it will be applicable to individuals deriving income from Salary and Interest and Form Sugam (ITR 4S) will be applicable for the Individual and HUF assesses having business or profession income and the income is calculated in accordance with the provisions of section 44AD & section 44AE of the income tax act. continue reading…




