The income tax department wants more information from you about your finances and business. The new income-tax return forms released by the Central Board of Direct Taxes (CBDT) for filing returns for the financial year 2017-18 have several new columns. These new forms for various categories of taxpayers are Sahaj (ITR1) , Form ITR-2, Form ITR-3, Form Sugam -ITR-4, Form ITR-5, Form ITR-6, Form ITR-7, and Form ITR-V.
By collecting more specific information from taxpayers — from seeking details about allowances of salaried persons not exempt from tax to matching direct and indirect tax numbers of businesspersons — the income tax department aims to check tax evasion.
