Latest Updates on ITR forms | Rajput Jain & Associates

If you fail to file ITR before 31 July, Can face Consequence

If you fail to file ITR before 31 July, can result in consequences FY 2023-24 Missing the ITR filing deadline of 31 July can indeed have significant consequences for taxpayers this year, particularly due to the new provision related to the old and new tax regimes. Details is here under : No Old Regime Automatic …

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 …

Income tax Return

Income Tax Return Form ITR 1 & ITR 4 notified for AY 2024-25

Income Tax Return Form ITR 1 & ITR 4 notified for AY 2024-25 Central Board of Direct Taxes notified Income Tax Return – ITR 1 & ITR 4 for AY 2024-25 / FY 2023-24 vide The Central Board of Direct Taxes Notification No. 105/2023-Income Tax Dated: 22nd December, 2023. The post also states that the …