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
 How to Change Current Period in Tally Prime Step-by-Step Guide for Users
 Global Payroll Management with Tally Prime: How International Businesses Use It Beyond India
 How to Manage B2B HSN Codes in Tally Prime: A Complete Guide for Businesses
 How to Check Business Revenue in Tally Prime: A Complete Step-by-Step Guide
 MSME Payment Rule in Tally Prime: Understanding the Law and Its Impact on Businesses in 2025 The MSME (Micro, Small and Medium Enterprises) Payment Rule is a legal framework introduced under th
 Multipurpose Empanelment Form (MEF) 2025 26 Meaning, Purpose, and How to Manage It in Tally Prime
 GST Appellate Tribunal (GSTAT) Structure, Powers, and Its Relevance in Tally Prime Implementation
 How Tally Prime Supports the Real Estate & Construction Industry in India
 Comparison Between Tally Prime 6.1 and Tally Prime 6.2
 How Tally Prime Renewal Helps Save My Data
 Where to Buy Tally Prime 7.0 at the Best Rates Possible

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 2025 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting