CBDT proposes common ITR by merging all existing forms
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- By Chetan Kulasri
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- Last Updated on 2 November, 2022
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Notification F No 370133/16/2022-TPL, dated 01-11-2022
The CBDT has proposed to introduce a common ITR by merging all the existing returns of income except ITR-7. This will give an option to taxpayers to file the return either in the existing form or the proposed common ITR, at their convenience.
The draft ITR aims to bring ease of filing returns and reduce the filing time of individuals and non-business-type taxpayers. It intends the smart design of schedules in a user-friendly manner with a better arrangement, logical flow, and increased scope of pre-filling. Taxpayers will not be able to see the schedules that do not apply to them.
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