Or (Ii) Capital Gains – New Income – Tax Return – Form Number F

income tax return form Besides, the Central Government of India has notified on 1st June, 2006 a brand new income tax return form Form 2F for Assessment Year ‘200607’, with a view to make return filing easier.

Surely it’s easy to understand and can be filled up with little or no help since This Form was designed in a manner.

Central Government of India has notified on 1st June, 2006 a brand new income tax return form Form 2F for Assessment Year ‘200607’, with a view to make return filing easier.

income tax return form It’s easy to understand and can be filled up with little or no help because This Form was designed in a manner.

Central Government of India has notified on 1st June, 2006 a brand new income tax return form Form 2F for Assessment Year ‘200607’, with a view to make return filing easier.

Surely it’s easy to understand and can be filled up with little or no help, This Form is designed in a manner.

Salary.

Individuals/HUF having longterm capital gains from transactions in securities on which securities transaction tax had been paid can also use this form.


This Form is applicable with immediate effect. To allow sufficient time to taxpayers to familiarize with this Return form, the existing one page Saral Form.

Look, there’s sufficient space to fill in the details because The salient features of the new form are- It was expanded to four pages.

No annexures are required to be attached with this Return form.

Same shall be returned by the official receiving the return, if enclosed.

Detailed explanatory instructions been provided to fill this Form.

Crossreferencing to the Instructions was provided for most entries. Now this would substantially reduce the probability of scrutiny assessment or any other kind of intrusive investigation. For Assessment Year ‘2006 07’ it’s optional to fill this schedule. Schedule 5 of the new form seeks to have cash flow statement for the Financial Year of which Income has to be reported. With all that said… The main advantage of furnishing the cashflow statement is that the information collected from the third party sources through AIR can be verified with the outgoings in the course of the year.

The Government proposes to encourage the taxpayers to follow a two step procedure to file this Return. Return. It’s a well if the details of the Return are not transmitted electronically, the paper Return must necessarily be filed and may be treated as a valid Return. The date of such transmission and acknowledgement number given electronically by the Income tax Department for such transmission has to be mentioned in the paper Return. They should transmit this return and schedules thereto electronically to web site http.

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