The Income Tax Department said that in order to facilitate the taxpayers and further simplify the process of filing returns, no major changes have been made in the ITR form as compared to last year.
New Delhi :ITR Forms For Assessment Year 2023-24: The Income Tax Department said on Wednesday that Income Tax Return (ITR) forms for 2022-23 will be effective from April 1 and they have been notified much earlier to facilitate return filing from the beginning of the next assessment year. Has been given.
The Income Tax Department said that in order to facilitate the taxpayers and further simplify the process of filing returns, no major changes have been made in the ITR form as compared to last year. Only due to amendments in Income Tax Act, 1961 some necessary but minor changes have been made.
The Central Board of Direct Taxes (CBDT) notified Income Tax Forms 1-6 on February 10 for individuals, professionals and companies for income earned in 2022-23. Also, ITR Form-7 was notified on February 14 for charitable trusts, scientific research institutions, political parties and universities.
“These ITR forms will be effective from April 1, 2023 and have already been notified to facilitate filing of returns from the beginning of the next assessment year,” the CBDT said in the statement. are notified by the end of March or the beginning of April.
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