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

Kathin 2F forms to stay with cash statement
December, 05th 2006

The finance ministry is likely to continue with its four-page 2F income-tax return forms, despite severe criticism from the Parliamentary standing committee on finance.

In its report last week, the standing committee had recommended withdrawal of Form 2F and the cash-flow statements from Forms 2, 2F and 3, all meant for various categories of individual taxpayers and Hindu Undivided Families.

It had also asked the ministry to revert to the earlier one-page Form 2E, called Naya Saral, leaving adequate space for furnishing all details.

A finance ministry official said, While we have taken into consideration the committees report, we do not plan to withdraw Form 2F or change it any way.

Commenting on the new form, the committee had said, Form 2F is quite cumbersome and lengthy and is fit to be called kathin, instead of being an improved version of the earlier Naya Saral Form. The Form 2F, introduced on June 1, aims to replace the earlier one-page Form 2E or Naya Saral for salaried individuals.

The new form as well as the cash-flow statement, the official said, was aimed at primarily making filing returns easier. The statement would help the tax authorities obtain all income-related details without being intrusive, he said.

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