Too many SPT forms, India will unify

NEW DELHI, DDTCNews – India’s tax authority, the Central Board of Direct Taxes (CBDT), plans to unify SPT forms. CBDT will simplify the SPT form to ease the burden on taxpayers to complete and report their tax obligations.

So far, Indian taxpayers have to complete all SPT forms. This practically makes taxpayers take longer to complete and declare their SPT. Later, the SPT form consisting of ITR-1 to ITR-4 will be integrated into a common ITR.

“We have reviewed the SPT system currently in place to comply with international best practices“, CBDT wrote in its official press release, reported livemint.com, Friday (11/11/2022).

Read also :

This president asks for electricity without VAT and toll roads, DPR says like this

The SPT that still needs to be reported separately from the common RTI is ITR-7 which is an SPT for charitable institutions, business trustsinvestment fund managers and others.

Although there is a common ITR, taxpayers have the freedom to choose whether to report their tax obligations using ITR-1 through ITR-4 or using the common ITR.

It is hoped that the Common ITR will make it easier for non-corporate individuals to prepare and file their TPS.

Read also :

Fund energy subsidy program, tax rates for the wealthy proposed to rise

Later, the common RTI will also be filled in automatically pre-filled using internal data and third-party data managed by CBDT. This technology should reduce the compliance burden on taxpayers. (sap)

Jordan Carlson

"Zombie geek. Beer trailblazer. Avid bacon advocate. Extreme introvert. Unapologetic food evangelist. Internet lover. Twitter nerd."

Leave a Reply

Your email address will not be published. Required fields are marked *

naughty cam girls adultcamslive.cc karly_angel
hindi sex clips xlxx.pro sexy hot imges
vasundhara kashyap nude video tubeshere.info indian xvideoa
sexy lady bf tubeband.mobi girl with horse sex
xmxx motherless.pro mallu mms scandal
سكس ىابانى eroplaytube.com سكس\
wwww xxxx vidos pornindianhub.info www.xxx movie
tamil pornhub 2beeg.mobi chudaimaza
lobsters tube zatube.mobi gujarati sex videos
indian bollywood porn pornogator.net kochikame porn
bengali actress porn video free-porn-hose.net xvideo bangladeshi
boss secretary sex hdsexword.mobi xxx dasi sex video
sexxx3 hamsterporn.mobi malayalam sex with
garo xxx video brostube.mobi todayspkmovies
rajasthan sax video pelisporno.org andhra sexy video download