 "10 things that will change in FY18")
CONSUMER: SOME GAIN, SOME PAIN
Single-page ITR-1, Aadhaar compulsory: A simple income tax return-1, or ITR-1, form for the salaried has been introduced for taxpayers with income of Rs 50 lakh and one property. For other categories, the number of forms has been reduced from eight to six. Also, mentioning Aadhaar number has become mandatory in all forms.
Small savings rates cut by 10 basis points: 7.9 per cent rate for Public Provident Fund and five-year National Savings Certificates; 7.6 per cent for Kisan Vikas Patra; 8.4 per cent for Sukanya Samriddhi Yojana and Senior Citizens Savings
Single-page ITR-1, Aadhaar compulsory: A simple income tax return-1, or ITR-1, form for the salaried has been introduced for taxpayers with income of Rs 50 lakh and one property. For other categories, the number of forms has been reduced from eight to six. Also, mentioning Aadhaar number has become mandatory in all forms.
Small savings rates cut by 10 basis points: 7.9 per cent rate for Public Provident Fund and five-year National Savings Certificates; 7.6 per cent for Kisan Vikas Patra; 8.4 per cent for Sukanya Samriddhi Yojana and Senior Citizens Savings
