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Govt introduces 3-page ITR, extends filing date till Aug 31

The main ITR form will not contain more than three pages, while 'other information' will be captured in the "schedules" which will be required to be filled only if applicable.

June 01, 2015 / 04:55 PM IST

The controversial requirement of filling foreign travel and dormant bank account data has been dropped in the new 3-page ITR forms introduced on Sunday by the Finance Ministry, which extended the deadline for filing returns to August 31.

However, the assessees have been asked to give their passport number as also the details of their active bank accounts, the Finance Ministry said.

The main ITR form will not contain more than three pages, while 'other information' will be captured in the "schedules" which will be required to be filled only if applicable. These ITRs will replace the 14-page form that were notified earlier this year, triggering a major controversy with individuals, industrialists and MPs saying the tax filing would become cumbersome as those forms sought unnecessary details including foreign trips and bank accounts.

It was supposed to come into force this year, in place of 12-page ITR forms that had been in use in previous years. Finance Minister Arun Jaitley had ordered putting these forms on hold following the controversy.