Categories: Direct Tax

Changes introduced in ITR Forms for AY 2024-25

Changes introduced in ITR Forms for AY 2024-25

Why do Income Tax Return Forms have AY’s?

ITR forms include an AY since the revenue for a certain FY is computed and taxed in the evaluation year, which is the following year.  Thus, we now have a clear and understandable summary of Financial Year and Assessment Year, along with their definitions and other key points. Understanding the terms used in taxes is a good start because financial literacy is crucial in the modern world.

Changes introduced in Income Tax Return Forms for AY 2024-25

 

 

Rajput Jain & Associates

Rajput Jain & Associates is a Chartered Accountants firm, with it's headquarter situated at New Delhi (the capital of India). The firm has been set up by a group of young, enthusiastic, highly skilled and motivated professionals who have taken experience from top consulting firms and are extensively experienced in their chosen fields has providing a wide array of Accounting, Auditing, Taxation, Assurance and Business advisory services to various clients and their stakeholders. Rajput jain & Associates, a professional firm, offers its clients a full range of services, To serve better and to bring bucket of services under one roof, the firm has merged with it various Chartered Accountancy firms pioneer in diversified fields. We have associates all over India in big cities. All our offices are well equipped with latest technological support with updated reference materials. We have a large team of professionals other than our Core Team members to meet the requirements of our prospective clients including the existing ones. However, considering our commitment towards high quality services to our clients, our team keeps on growing with more and more associates having strong professional background with good exposure in the related areas of responsibility.

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