Govt not considering modifications in ITR form: Sources
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The government is not considering any modifications in the income tax return (ITR) form, sources have said, which would mean the taxpayers will not have to mention their high-value transactions in their ITR form. Any expansion in reporting under the statement of financial transactions (SFT) will mean that such reporting of high-value transactions to the income tax department will be done by financial institutions, the sources said.
The government is not considering any modifications in the income tax return (ITR) form, sources have said, which would mean the taxpayers will not have to mention their high-value transactions in their ITR form. Any expansion in reporting under the statement of financial transactions (SFT) will mean that such reporting of high-value transactions to the income tax department will be done by financial institutions, the sources said.
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