By Dr Suvrokamal Dutta

Replacing a single page ‘Saral’ form with ITR forms is set to make filing of returns difficult. The new series of ITR forms, from 1 to 8 is not at all assesses-friendly and voicing the same is Income Tax Bar Association.

By Vipin Agnihotri

Permanent Account Number (PAN) is fast emerging as a tool for Income Tax department in India to check tax evasions. There are many transactions where quoting of PAN has been made mandatory. And number of economic activities requiring mention of the same is expected to go up.