Is Sahaj, The One Page Tax Filing Form, Make Your Income Tax Filing Simpler?

  Author: Jai Prakash

One of the financial duties that come up at the beginning of any financial year is preparing to file income tax return for the previous financial year. This is not something every tax payer looks forward to. From the looks of it, this year, there might be some relief in the form of a new and simpler income tax return form called Sahaj.

Highlights of Sahaj You can use Sahaj if you have an annual income of up to Rs 50 lakh. You also need to have the limited income sources allowed in the form, namely heads like salary, pension, rental income from one house. While you will need to mention Aadhar in the form, you also need to declare the cash deposits made in bank accounts after demonetization in November 2016.

Experts point out that one of the stand out features of Sahaj is the fact that you don’t have to give details of tax-saving investments under Section 80C and tax deducted at source (TDS). Possibly, these are some of the reasons why this tax filing form had been compressed to a single page. Whatever be the case, those filing for tax will take anything that will make their lives simpler.