Income Tax Deptt. Introduces New ITR Form Linking Aadhaar Number

18 April, New Delhi

Taxpayers will have to disclose all bank accounts held by them in the country and instances of foreign travel to the Income Tax department while filing their returns for the assessment year 2015-16.

The Central Board of Direct Taxes, has notified new Income Tax Return (ITR) forms for the current assessment year, making some additions to the existing format.

The new ITR forms, including the ITR-1 and ITR-2, require an assesses to furnish the number of bank accounts held by the individual, with the last balance in his or her accounts as on 31st of March, of the just concluded fiscal.

An official of the IT department said, the new measures are part of the government’s effort to tackle black money in an non-obtrusive manner.

The new ITR forms, this time, also feature a new column to include the Aadhaar number of the assessee.