|Direct Taxes Committee
The Institute of Chartered Accountants of India
10th November, 2022
Subject: Request for Inputs/ Suggestions on the Draft Common Income-tax Return; Proposal of Income Tax Department to merge all Income Tax returns in one common form except ITR 7.
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.
|Circular No. F No. 370133/16/2022-TPL dated. 1st November 2022 along with Annexures