1. CBDT has notified the forms ITR-1 to ITR-5. The ITR forms for corporates and trusts (ITR 6 and 7) will be notified later. ITR-1 form, to be filled by individuals having income up to Rs 50 lakh, has been kept broadly the same as last year. However, the assessee will have to provide information about income from overseas retirement funds while calculating net salary.
2. ITAT Chandigarh allowed sec. 54 under Income Tax Act relief to women who purchased a new house jointly in the name of married daughter & son-in-law.
3. No TCS u/s 206C(1G) on sale of overseas tour packages by tour operators to non-resident individuals visiting India.