As per the new Income-tax Act, 2025, the CBDT plans to simplify and introduce new ITR forms.
At present, if there is partnership income by way of remuneration, interest and other one-line details, the assessee has to file ITR-3, which runs to more than 80 pages. Instead, all such partnership details, as mentioned above, should be allowed in ITR-1, which is a simple return of just 2“3 pages.
Some assessees are only silent partners and have income only under the head “other sources” like dividend, interest, pension and salary. Why does the CBDT require all other business details when there is no such business activity?
Please do not simply copy what Americans do. We are still Indians, and every assessee cannot go to a chartered accountant every time to file an ITR and spend a lot of time and money.
