Simplify income tax forms, demands BJP member in RS

A BJP member on Thursday sought simplification of Income Tax forms for assessees, saying the present form impinges on the individual's privacy as it seeks details of all bank accounts and foreign travel.

Raising the demand during Zero Hour, Vijay Goel (BJP) said there are two forms of Income Tax department for its assesses, with one form of five pages and the other of 14. The forms seek details of all bank accounts of an individual as well as details of foreign travels made during the year.

"The details sought are too much. Lakhs of Income Tax payers have problems on providing details of bank accounts and foreign travels. It impinges on the privacy of tax payers.

My appeal is that the form be simplified. I urge that it should be of two pages in a simplified manner which will help all tax payers," he said. Goel said he learnt that the Finance Ministry was looking into the matter and hoped it will provide relief to tax payers in the country.