This year’s ITR 1 form has three additional questions for taxpayers seeking details of deposits in current account, foreign travel spending and electricity bills. These are the three new questions in ITR 1 form:
1) Have you deposited amount or aggregate of amounts exceeding Rs. 1 Crore in one or more current account during the previous year? (Yes/No)
2) Have you incurred expenditure of an amount or aggregate of amount exceeding Rs. 2 lakhs for travel to a foreign country for yourself or for any other person? (Yes/ No)
3) Have you incurred expenditure of amount or aggregate of amount exceeding ₹1 lakh on consumption of electricity during the previous year? (Yes/No)