FY 2018-2019/ Assessment year 2019-2020
File ITR-2 for your income tax returns if you are a director of the company. According to this cleartax article, it is clear that director's of a company needs to file this ITR-2 form.
More, more and more paper work
Sweat the individuals more and more so that they do not cheat the system. I do not in my opinion think that this is ever going to help the economy. But instead why not simplify it. Why have so many filings to MoCA, and same filings to IT department. The MoCA has director's DIN and PAN. Why not autofill it in the ITR form. Why so many forms? Youtube videos guiding us which ITR form to fill gets tons of views. Why not make it easier for taxpayers to file returns.
Well it is a kind of rant. The process should be simplified 1000 times. Automated at 100 levels. Automatically fill up details like how TRACES works for TDS. When are we going to see this happen ?
Honor Your Curiosity
3 hours ago