NEW I T RETURN FORMS

Income Tax (IT) Return Forms have changed to include FBT (Fringe benefit Tax) Returns with effect from july 24,2006. New Forms summary is as under:

Type of Assessee                                   Form Number
Companies                                             Form 1*
Non- Corporates                                    Form 2
(who are required to file combined                                                                                  
 returns for IT & FBT)
Assessees :
and who are required to file                  For FBT
FBT Return, or
who opts to file Form 2D
Assessees who are not
required to file IT Return but                Form 3B
are required to file FBT Return

It is mandatory to file Form 1 electronically without digital signature as well as its hard copy with signature.