The income tax department has finally come out with new forms for filing income tax returns for AY 2015-16. These forms were revised after outrage from tax payers and are suppose to be simpler.
In the whole simplification process, income tax department have introduced an additional form ITR 2A in addition to the existing ITR forms ITR 1, ITR 2, ITR 3, ITR 4, ITR 4S, ITR 5 and ITR 6.
Form 2A is supposed to be a less complicated version of Form ITR 2. ITR 1 (also known as Sahaj) is a very simple form but only few salaried individual are eligible to file their IT return using the same. So many tax payers had to fill ITR 2 which is very complicated. So ITR 2A is the quick fix – a stripped down version of ITR 2 which would benefit a set of people.
ITR 2A can be filled by both HUFs and individuals who have income from:
* People with income from winning lotteries and race horse had to earlier fill ITR 2. So life becomes simpler for them
Individuals or HUFs with following conditions cannot fill ITR 2A and have to fill ITR 2:
Introducing a new form ITR 2A makes life easier for following categories that earlier had to fill complicated Form ITR 2
You can download Form 2A and respective instructions to fill the form from Income Tax Website.
As the forms for income tax return has been delayed, the deadline for filing has been postponed to August 31, 2015 (its July 31 every year). However, it’s advisable to file your returns as soon as possible to get your tax returns at the earliest.
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