CBDT advises Tax-Payers not to use old return forms

Central Board of Direct Taxes (CBDT) has advised all tax-payers to wait for the notification of the new return forms for the assessment year 2007-08 and not to file their returns of income in the old forms.

Income-tax return forms are assessment year-specific and are, therefore, required to be notified separately for each assessment year. For the assessment year 2007-08, the return forms are under preparation.

Income tax payers would start filing their returns once the financial year closes on March 31, 2007.

Source : Press Information Bureau

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