The government said on Tuesday the recently introduced cash flow form 2F will not be withdrawn.

"Where is the question of going back, we have just introduced the form," Advisor to Finance Minister Parthasarthi Shome told reporters on the sidelines of an Associated Chambers of Commerce and Industry seminar on tax. 

The tax payers must get this fact that form 2F is much easier as compared to Saral, he said.

The form, introduced this year as an option to existing Saral form, is to be notified for 2007-08, based on the review and the feedback for the new form.

On the issue of trade and tax treaties Shome said, the government is pursuing to sign treaties with countries in ASEAN countries.

"Increasingly, we are reaching in to Double Taxation Avoidance Agreement with Thailand and Sri Lanka," he said.

Pensioners may be exempt from Form 2F

However, in case of ASEAN, it would be a Free Trade Agreement as DTAA is only in case of individual countries and not with a block.

Meanwhile, roadblocks in the progress of FTA talks have been removed as both the parties (India and ASEAN) have agreed to resume dialogue. The next round of negotiation is likely to take place in September.

However, the negotiations for the proposed FTA agreement were suspended last week.

Shome said the finance ministry has completed the ground work for the new IT Act and the draft report would be  submitted to the finance ministry soon.

On the issuing of CST phase out, he said: "we are working on it in close consultation with the Empowered Group of Ministers. The road map is being sorted out."

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