Newsflash - New ITR forms notified for A.Y. 2016-17 - Schedule ICDS inserted

Recently, the CBDT has notified new ITR forms Forms Sahaj (ITR-1), ITR-2, ITR-2A, ITR-3, Sugam (ITR-4S), ITR-4, ITR-5, ITR-6, ITR-7 for AY 2016-17 vide Notification no.24/2016 dated 30 March 2016.

Clarifying the Government’s intention of implementing ICDS from AY 2016-17 onwards itself, the new ITR Forms applicable for AY 2016-17 have a separate ICDS schedule for quantifying the impact of each ICDS on the profits of the entity.

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