Tag: Income Tax Return (ITR)
CBDT has issued Notification 2/2024 to clarify the timeline of 30 days for verification after uploading the ITR, effective 01/04/2024.
CBDT has issued Order dated 1/03/2024 which allows filing of modified income tax return (ITR) to companies reorganized before 1 April 2022 pursuant to orders from authorities like NCLT.
CBDT notifies revised Income Tax Return Form (ITR 7) under Section 139 of the Income Tax Act, 1961, in respect of AY 2024-25, vide Notification 24/2024.
CBDT has notified the revised Income-tax Return Forms ITR-2, 3 and 5 for the AY 2024-25 and has amended Rule 12 from 01/04/2024, vide Notification 19/2024.
CBDT has notified revised Income-tax Return Form ITR-6, under Section 139 of the Income Tax Act, 1961, applicable for the AY 2024-25, vide Notification 16/2024 effective from 01/04/2024.
CBDT has notified revised/new income tax return forms, ITR-1 Sahaj and ITR-4 Sugam, applicable for AY 2024-25, vide Notification 105/2024.
The income tax department now allows taxpayers to discard original unverified returns under Section 139. Understand eligibility, process, implications and key aspects about using the new discard return facility.
CBDT notifies changes in ITR-7 for AY 2023-24 to allow separate reporting of 115BBI income and correct computation of tax by applying normal rates only on other income.
Discover the efficiency of Income Tax Department from the fact that 88% of verified ITRs (AY 2023-24) have been processed as of September 5, 2023.
CBDT Circular 13/2023 provides guidelines for condoning the delay in filing income tax returns by co-operative societies claiming deductions under Section 80P, for AY 2018-19 to AY 2022-23.