ICAI’s Technical Guide on Understanding New Income Tax Return (ITR) Forms for FY 2017-18/ AY 2018-19
The CBDT has recently notified the new ITR Forms applicable for FY 2017-18/ AY 2018-19 vide notification no. 16/2018, dated 03.04.2018. These ITR Forms contain significant changes which need due analysis, to enhance tax compliances in an effective manner.
Accordingly, the Direct Taxes Committee of ICAI has come out with a publication named Technical Guide on Understanding New Income Tax Return (ITR) Forms (AY 2018-19), for guidance of the members on the key changes made in the ITR Forms applicable for FY 2017-18/ AY 2018-19 and also to augment their knowledge on the rationale behind various changes that have been made.
Through this publication, an effort has been made to enable the members to grasp and understand the significant changes, their implications, procedural aspects concerned with filling in various columns of such returns. An effort has been made to keep the language simple and supported by due examples. The authorities in charge of systems have also gone through the technical contents to enhance usefulness of the publication.