Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Open DEMAT Account with in 24 Hrs and start investing now!
« Top Headlines »
Open DEMAT Account in 24 hrs
 Delhi HC Rules GST Registration Cannot Be Cancelled Retrospectively Without a Clear Show Cause Notice (SCN)
 Belated income tax return AY 2026-27: How to file, late filing charges and what you may lose
 Major Financial Changes from August 1, 2026: ITR Deadline, RBI MPC Meeting, Tatkal Ticket Rules & More
 Government proposes to ease tax relief conditions for offshore funds
 TallyPrime Connected Banking: Automating Banking and Accounting
 ITR Filing Deadline 2026: Is July 31 the Last Date to File Your Income Tax Return? Latest Official Update
 ITR filing deadline nears: How to file income tax return online on e-filing portal - quick 15-step guide
 Will the ITR Filing Deadline Be Extended Beyond July 31 for FY 2025-26? Here's the Latest Update for Taxpayers
 Income Tax Refund Delayed for AY 2026-27? 5 Common Reasons Your Refund May Be Stuck and How to Fix It
 ITR Filing 2026: FM Nirmala Sitharaman Asks Tax Officials to Let Honest Taxpayers Correct Genuine Mistakes
 Will Your FCNR Deposit Stay Tax-Free After Returning to India? Tax Rules Explained for NRIs

Saral not: Pros to get 20-page form
July, 27th 2006

After Saral became not so easy for the salaried class, its now the turn of self employed doctors, engineers, chartered accountants and other professionals to face the income-tax blues.

The tax returns form for these people has expanded from a five-page affair to a 20-page business. They have been given a breather till October 31 to fill up the new forms, with the government extending the last date from July 31. Experts say while the effort of the government has been to make the income tax returns compact, but in the process they have made it lengthy and cumbersome.

The new forms especially for the non-corporates having business income, is a very lengthy one. In fact, the new forms are detailed asking for lot of information and could be cumbersome for the one filing. People generally prefer simple forms, said Rajiv Tiwari, senior associate, Titus and Company.

However, he said the forms are designed to reveal a greater degree of information to government about the cashflow of taxpayers and could help in higher collections.

Echoing similar views, Ravi Prakash, Principal Consultant, PricewaterhouseCoopers said instead of implementing the forms from this year, the government should have implemented them only from next year. They should have taken some more time and invited comments from the public instead of implementing it this year.

He also wondered as to how a taxpayer who is not required to enclose any document with the return form would make dislosures or notes related to the income computation. Also, he said, one is not required to enclose any tax withholding certificate or Balance sheet/report, alongwith the new return forms.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2026 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting