Income Tax Return- Relaxations
- Not give details of foreign trips
- Disclose all operational bank accounts
- Not disclose balance in the accounts
- Not reveal details of dormant accounts that have not been operational during the last three years
- They may not need to report overseas assets which they acquired being Non-Residents andnot having any income
- The forms ITR 2 and ITR 2A will not contain more than three pages
- Time limit for filling these may be extended up to 31st August
- Details of foreign trips of expenditure will not be required to be furnished
- Only passport number, if available, would be required to be given in the forms ITR-2 and ITR-2A
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