New Income Tax Return Form SARAL II for Assessment Year 2010-11 Download

Income Tax department had issued a New form called Saral - II for the Assessment year 2010-11 and it is very much simpler and just 3 page to be filled by individuals.

you can download the form from the following links

http://incometaxindia.gov.in/download_all.asp

http://law.incometaxindia.gov.in/DIT/File_opener.aspx?page=NOTF&schT=&csId=db162fbb-0555-4653-9e67-c818dd522568&sch=&title=Taxmann%20-%20Direct%20Tax%20Laws

also more information on the above topic can be found on the following page
incometaxindia.gov.in

Top Performing Mutual Funds for Financial Year 2009-2010

Top Performing ELSS Tax saving Equity Mutual Fund for the Financial Year 2009-2010 are as follows (Returns from Nifty - 73.8% and Sensex - 80.5% )

1. ICICI Pru Tax Plan                 - 120.6 %
2. Bharti AXA Tax Advtg            - 114.4 %
3. Can Robeco Equity Tax saver - 113.4 %
4. HDFC Tax Saver                    - 110.5 %
5. Birla SL Tax Releif 96             - 107.0 %

All the top 5 funds have outperformed viz a viz sensex and Nifty by huge margin of more the 20%

Top performing Equity Diversified Fund

1. DSP - BR Micro Cap Fund     - 176.3 %
2. ICICI Pru Discovery Fund      - 155.2 %
3. Principal Emerging BlueChip   - 150.4 %
4. Can Robeco Emerg - Equities - 149.9 %
5. Sundaram Select Small Cap    - 143.6 %

The Most Prefered Funds Performance as follows (Diversified Equity)

1. Reliance Growth Fund       - 108.6 %
2. HDFC Equity Fund           - 114.5 %
3. HDFC Top 200 Fund        -   96.4 %
4. SBI Magnum Contra Fund -  78.0 %
5. DSP BR Top 100 Fund     -  74.8 %

Most Prefered ELSS Tax saving funds

1. SBI Magnum Tax Gain    -   84.4 %
2. Sundaram Tax Gain         -  79.3 %
3. HDFC Tax Saver             - 110.5 %
4. Birla SL Tax Releif 96      - 106.9 %
5. Reliance Tax saver ELSS -   91.0 %