Taxes And You – Know and Download ITR Forms

Finance Minister P Chidambaram on May 16, 2007 unveiled the new Income Tax Return forms (ITR) for the assessment year 2007-08. The Central Board of Direct Taxes [CBDT] has now notified new return forms for Assessment year 2008-09.

The new return forms continue to be termed as ITR and are known to be for Return of Income/Fringe Benefits. However, on 28-3-2008 the earlier ITR forms were amended through a notification and relevant changes were made in Rule 12 of Income Tax.