CBDT facilitates seamless tax payment; notifies simplified ITR form

Updated:7 months, 2 weeks ago IST

New Delhi, Apr 06 (ANI): The Central Board of Direct Taxes (CBDT) released a one-page simplified Income Tax Returns (ITR) Form-1(Sahaj) for the assessment year 2018-19, similar to that of the previous assessment year. It can be filed by an individual having income up to Rs.50 lakh and who is receiving income from salary, one house property / other income such as interest and so on. This initiative, the CBDT said, benefited around three crore taxpayers, who filed their return in this simplified Form.

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