New ITR forms for AY 2018-19: Things you must know before you file returns

The new Sahaj form wants you to disclose specific details about your salary. Here are a few things you as an Income Tax Returns (ITR) assessee must know

The Central Board of Direct Taxes (CBDT) on Thursday released a one-page simplified Income Tax Returns (ITR) Form-1(Sahaj) for the assessment year 2018-19, similar to that of the previous assessment year. This initiative, the CBDT said, benefitted around 30 million taxpayers who filed their returns in this simplified Form. However, this year, the tax department wants ITR assessees to provide their salary breakup and businessmen their GST number and turnover. All the seven ITRs are to be filed electronically except for some category of taxpayers, the Central Board of Direct Taxes (CBDT) said in a statement.

— Here's what Income