You might not need a CA to file ITR

Other than bringing down tax outgo for several taxpayers, choosing the new annual tax system will have another edge.

The new personal annual tax system, with lower rates, is expected to be easy so that you will not require a CA or any other professional for filing the returns.

While presenting the new income tax system, which will be discretionary for citizens, finance minister Nirmala Sitharaman had said in her Budget speech, “that ensuring compliance with annual tax laws is a difficult procedure by taxpayers as of now”. The new annual tax system not only clarifies the tax structure as well as permits you to save taxes without making any investments or expenses like PPF and insurance policies to assert tax cuts.

According to the sources, opting for the new tax slab rates will give a pre-filled ITR so that there is no need for CA or expert.