FM proposes separate ITR form for expats
After the new income-tax return (ITR) forms came under criticism from both tax experts and industry players, for seeking too many unnecessary details, the finance ministry is contemplating a separate form for expatriates. In a meeting held last Friday, Finance Minister Arun Jaitley proposed that there should be a separate form for expats. “He has called for data and statistics of the number of tax-paying expatriates, who are classified as residents,” said a tax expert in the know of the development.
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