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What is the new update on simplification of ITR forms?

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@Dhanya_Menon wrote:

The number of pages for the new ITR forms have been reduced from 14 pages to 3 making it easier for income tax assessee’s to file their IT returns. As per the new rules, each assessee will be required to disclose only the passport number and the IFSC Code of active current or savings accounts. The Last date for filling returns has been extended till August 31 for the assessment year 2015-16.The new forms known as ITR 2 and ITR 2A will therefore consist of only 3 pages. Any other details that must be filled will have to be filled in schedules.

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