We are sharing herewith the circular No. F No. 370133/16/2022-TPL dated. 1st November 2022 along with Annexures issued by the Central Board of Direct Taxes on the matter Draft Common Income-tax Return- from stakeholders and the general public; in this Circular it is proposed by CBDT to introduce a common ITR by merging all the existing returns of income except ITR-7 to bring ease of filing returns and reduce the time for filing the ITR by individuals and non-business-type taxpayers considerably.

The Direct Taxes Committee of the ICAI is always providing technical support in the field of Direct Taxes to the CBDT and also through its timely representations highlighting the various issues faced by the Assessees and other stakeholders to CBDT for their redressal.

Keeping in view of the importance and technicality involved in the matter, you are requested to provide your inputs so that consolidated views of the Profession at large and of ICAI can be shared with the CBDT.

You are requested to send the suggestions at dtc@icai.in latest by 22nd November, 2022

Warm Regards,

Chairman & Vice Chairman
Direct Taxes Committee
The Institute of Chartered Accountants of India