Changes In Income Tax Return Form No 1 to 4 for Assessment Year 2024-25.

No change in the applicability: The CBDT has not amended R12 of the Income-tax Rules, 1962, which outlines the criteria for the applicability of ITRs to different classes of taxpayers and method of furnishing returns and the same can be summarized as below for the AY 2023-24: Nature of income ITR 1 ITR 2 ITR 3 ITR 4 Salary Income Income from salary/pension (for ordinarily resident...

Changes In Income Tax Return Form No 2, 3, 5 for Assessment Year 2024-25.

  Applicability of ITR forms – not changed: Specific Income Tax Return (ITR) forms are applicable to specific source of income relating to specified assesee. The CBDT did not changed such applicability. Thus, the applicability of ITR forms to different taxpayers remains unchanged in the new versions of ITR forms. Thus, the source of income and taxpayers on which different ITR forms are...