ITR-2 forms for AY2018-19 launched

ITR-2 forms for AY2018-19 launched

The income tax department has launched return form ITR-2 for assessment year 2018-19 for individuals and Hindu Undivided Family having income from any sources except profits and gains of business and profession, including NRIs.The ITR-1 Sahaj was activated earlier by the department for resident Indians having income from salaries, house property and bank interest with total income of up to Rs 50 lakh.The department has activated three ITRs that includes ITR-1 and ITR-4 that was activated on May 10 on the e-filing website.

Four more ITRs are left to be activated after the Central Board of Direct Taxes notified them on April 5. “Other ITRs wil be available shortly,” the department said. Seven ITR forms are available for individuals and companies to file their returns. The last date for filing the ITR is July 31.

The Times of India, New Delhi, 16th May 2018

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