New ITR forms to be far simpler: # ArunJaitley.

The controversial new income-tax return or ITR forms, which had been put on hold, will be “far more simplified”, finance minister Arun Jaitley said on Saturday.
He, however, kept the suspense on whether the requirement of disclosing all bank accounts and foreign travels will be retained in the new forms.
He said that after having public consultations, he has asked the income tax department to come up with the simplest form which is available.