Friends,
Income Tax department has released new Income Tax form for assessment year 2011-12.New Year return season has started with release of new ITR form for Assessment year 2010-11.
Two new form has been introduced first is Sahaj which is replacement of Saral-II and identical to old form and second is Sugam (4S) to be filled in the case of a person being an individual or a Hindu undivided family deriving business income and such income is computed in accordance with special provisions, referred to in section 44AD and section 44AE of the Act for computation of business income .
Income Tax department has released new Income Tax form for assessment year 2011-12.New Year return season has started with release of new ITR form for Assessment year 2010-11.
Two new form has been introduced first is Sahaj which is replacement of Saral-II and identical to old form and second is Sugam (4S) to be filled in the case of a person being an individual or a Hindu undivided family deriving business income and such income is computed in accordance with special provisions, referred to in section 44AD and section 44AE of the Act for computation of business income .
