Income Tax Dept scraps Saral 2D and2F forms

Bangalore, July 16: The Income Tax Department has scrapped Saral 2D and 2F, the most popular income tax returns filing forms for Individual and Hindu Undivided Family assessee's, for the assessment year 2007-08.

Income tax return for Individuals and HUF for the year ended March 31, 2007, which would have to be filed before July 31 has to be filed in the new forms. IT Returns can be electronically submitted as well, a company press release said.

In order to help the salaried people and individuals to file their tax returns in the new format, a Bangalore based Relyon Softech Ltd., a taxation software company, has released free Income Tax Software for ITR 1, ITR 2 and ITR 3. It is available at www.saraltaxoffice.com.

Returns can be printed and submitted to the Department. It can also be submitted online through the Internet. Both options were given free of cost. The details on how to choose the form, how to file the return is available within in the software and also on the website www.saraltaxoffice.com For Individuals and HUF, there are 4 forms to choose from depending the type of income of the Individual. In case the Assessee has only Salary and Interest, it is Form ITR 1. In case the Assessee has House Property Income and Capital Gains also, it is ITR 2. If the Assessee is only a Partner in any Firm then, it is ITR 3. In case the assessee has business as a proprietor, then the assessee has to use ITR 4, the release said.

UNI