Having just finish filing the income tax return in a mad rush towards the end of the 31th July deadline, I must say that it's good to see the progress being made in the way the tax filing process is being automated and brought online
The pdf and excel based IT forms are indeed very handy, but from what I could make out, are useful only for those with salary income and maybe something for the banks.
If you have multiple income streams, then good luck filling out the forms without a CA! Even with a CA, I seriously doubt if all IT returns are filed correctly.
The problem is not the forms or the CAs, but the very complex income tax rules in India. Steps have to be taken to simplify our tax rules to ensure that most people do not see filing tax returns as a pain in the backside, and consequently do not shy away from filing their taxes.
good share,I hope more people discover your blog because you really know what you're talking about. Can't wait to read more from you!
ReplyDelete