IT Initiatives: New Simplified form 'Sugam' to be introduced for small tax Payers - Steps initiated to Reduce tax Related Litigation

Last updated: 28 February 2011


IT Initiatives: New Simplified form ‘Sugam’ to be introduced for small tax Payers - Steps initiated to Reduce tax Related Litigation

The Union Budget 2011-12 has laid a special emphasis on reducing the compliance burden of small tax payers by introducing simplified return form called ‘Sugam’. The Finance Minister Shri Pranab Mukherjee while presenting the Budget said that the small tax payers who fall within the scope of presumptive taxation can utilize the new simplified form Sugam. 

To fast track the disposal of cases related to taxes by the settlement commission three more Benches of the Commission are being set up. 

The Minister said that steps are being initiated to reduce litigation and focus attention on high revenue cases. He said that instructions have been issued raising limit of tax effects below which, tax disputes will not be pursued by Government in higher Courts of Appeal. 

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04 March 2011 Dulal Chatterjee

Priti, Whose income under the head of "Salaries" is less than Rs. 5.00 Lacs (as per Form 16, wherever necessary) is not mandatory to file I.T. Return as per union budget 2011 Dulal Chatterjee


03 March 2011 priti

I HAVE A QUERY THAT ALL SALARIED PERSONS ARE NOT REQUIRED TO FILE I.T RETURN OR ONLY THAT PERSONS WHOSE SALARY ARE BELOW EXEMPTION LIMIT


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