Income Tax Returns – today is the last day
The confusion about IT returns continues to baffle tax payers as the last date for filing the returns closes today. Even the cousin Central Excise department seems to be not all that compliant as today many Central Excise officers realized that though TDS has been deducted for them, their offices do not have a TAN. We are informed that a senior Central Excise officer has no PAN and has not filed any IT return, in spite of regular TDS!
In spite of the Board clarification that the return shall have no attachments, my Auditor confirmed that the ITO insisted on copies of documents.
Why is the FM keen on making life miserable for the tax payers? What was wrong with the good old Saral? And if changes were required, could they not be done slowly and after field trials. He should have asked Madame Sonia Gandhi and his Prime Minister to fill up the forms. And he should have imposed on this country only those forms which his political and executive bosses could fill up without assistance from professionals.
In one of his budget speeches, Dr. Man Mohan Singh said, “voting the congress is not only good politics but also good economics” On the same analogy, the new ITR forms are not only bad economics but bad politics. Any one who has filled up any of these forms is sure to vote against the present government.