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Simplified income tax return forms likely by month end

Last Updated: Sunday, May 10, 2015, 12:33

The Finance Ministry is likely to come out with simplified Income Tax Return (ITR) forms by the end of this month which may exclude disclosure of dormant bank accounts as also those which do not have a minimum specified balance.

Many new accounts in India but dormant ones too: World Bank

Last Updated: Thursday, April 16, 2015, 15:30

Translated into absolute numbers, this growth in number of bank accounts means that 175 million in India became account holders between 2011 and 2014.