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Types of ITR and When to file

CA, CS, CMA : Discover the types of Income Tax Returns (ITR) and their eligibility criteria, including ITR-1 (SAHAJ), ITR-2, ITR-3, ITR-4 (Sugam...

July 25, 2023 2292 Views 0 comment Print

Simple Guide to Income Tax Return (ITR) Forms and their Applicability

Income Tax : Understand the different types of Income Tax Return (ITR) forms and their applicability based on income sources. Learn about the l...

July 4, 2023 2421 Views 0 comment Print

ITR Forms Applicable for FY 2022-23 (AY 2023-24)

Income Tax : As the return filing season for FY 2022-23 (AY 2023-24) would start soon it's important to understand which forms to be used for f...

February 25, 2023 70965 Views 2 comments Print

Rule 12 of Income Tax Rules wef 01.04.2023 | ITR | AY 2023-24

Income Tax : Understand Rule 12 of Income Tax Rules & get to know what amendments were made wef 01.04.2023 for AY 2023-24. Learn more...

February 14, 2023 77163 Views 2 comments Print

FAQ’s on filing of Income Tax Returns (ITR)

Income Tax : Troubleshooting FAQs on filing Income Tax Returns (ITR) - Find solutions for common errors and issues encountered during the onlin...

October 21, 2022 12969 Views 1 comment Print

Latest News

Request for Form 10B and Form 10BB Relaxation & due date Extension

Income Tax : Chamber of Tax Consultants seeks an extension for filing Form 10B and Form 10BB while requesting relaxation of requirements. Detai...

October 27, 2023 33387 Views 0 comment Print

Request for Deferment or Extension of Due Date for Filing Forms 10B, 10BB & ITR-7

Income Tax : Chamber of Tax Consultants seeks deferment of Forms 10B and 10BB filing deadlines due to complexities, resource constraints, and n...

September 12, 2023 22083 Views 1 comment Print

CBDT notifies Income Tax Return Forms for AY 2023-24 well in advance

Income Tax : CBDT notified Income-tax Return Forms (ITR Forms) for Assessment Year 2023-24 vide Notifications No. 04 & 05 of 2023 dated 10.02.2...

February 15, 2023 2928 Views 0 comment Print

Instructions for filling out Form ITR-7 for A.Y. 2022-23

Income Tax : These instructions are guidelines for filling the particulars in Income-tax Return Form-7 for the Assessment Year 2022-23 relating...

September 13, 2022 45627 Views 2 comments Print

Instructions for filling ITR-7 For A.Y. 2021-22 | F.Y. 2020-21

Income Tax : Instructions to Form ITR-7 (A.Y. 2021-22) Instructions for filling out Form ITR–7 These instructions are guidelines for fill...

June 4, 2021 14646 Views 0 comment Print

Latest Notifications

CBDT notifies ITR-7 under section 139 of Income tax Act 1961 for AY 2024-25

Income Tax : CBDT notifies ITR-7 [For persons including companies required to furnish return under sections 139(4A) or 139(4B) or 139(4C) or 13...

March 1, 2024 3744 Views 0 comment Print

Income Tax Amendment: Latest Changes in ITR-7 Forms

Income Tax : Explore the key amendments in Income Tax Rules, 1962, effective from April 2023. Detailed analysis of ITR-7 Forms modifications an...

October 31, 2023 4902 Views 0 comment Print

CBDT Extends Filing Deadlines for Form 10B, 10BB, and ITR-7

Income Tax : Get latest update on CBDT's extension of filing deadlines for Form 10B, Form 10BB, and ITR-7 for Assessment Year 2023-24. Stay com...

September 18, 2023 25791 Views 0 comment Print

CBDT amends ITR form for AY 2023-24 for the second time

Income Tax : CBDT notifies ITR forms for AY 2023-24/ FY 2022-23 Except ITR-7 vide Notification No. 04/2023-Income Tax Dated: 10.02.2023 and not...

March 3, 2023 30954 Views 0 comment Print

CBDT notifies amendment in ITR forms for AY 2023-24 / FY 2022-23

Income Tax : Vide Notification No. 8/2023-Income Tax| Dated: 28th February, 2023 CBDT notifies amendment in ITR forms for AY 2023-24 / FY 2022...

February 28, 2023 4425 Views 0 comment Print

Know Which Income Tax Form is applicable to whom for AY 2020-21

June 22, 2020 5922 Views 1 comment Print

CA Kaushik Mahendrabhai Makwana Due to Covid-19, as we are aware that the Government of India is taking various major steps to recover our economy. Simultaneously, the Government of India has provided relief measures, some of which, are as under: – Due date for filing the return of income for all taxpayers has been extended […]

Important Changes & Requirements for filing ITR for AY 2021-22

June 12, 2020 61059 Views 14 comments Print

All Assessees are now required to file their Returns online except Super Senior Citizens are given option to submit Return in paper mode provided the Computation does not have any income chargeable under head of Profits and Gains from Business or Profession. Changes in the ITR Requirements The New ITR Forms have been notified vide […]

Major changes in notified ITR-7 – AY 2020-21

June 9, 2020 7017 Views 2 comments Print

Changes in the notified ITR-7 for AY 2020-21 1. Corpus donation not to be considered as an application of Income –Schedule ER-Part B : ITR-AY 2019-20 had the details of Donation made towards the Corpus fund of Donee Society/Trust. However, in ITR-AY 2020-21, only Donation-Other than Corpus in Part B of Schedule ER 2. Disallowable […]

Which ITR applicable to whom for FY 2019-20/AY 2020-21

June 3, 2020 23880 Views 12 comments Print

Brief on Applicability of Income tax return (ITR) form for Financial Year (FY 2019-20)/Assessment Year (AY) AY 2020-21 All the taxpayers are mandatorily required to file their ITRs electronically except individuals over the age of 80 years who have the option of filing the ITR in paper format as well. First step would be to […]

ITR wise changes in Income Tax Return Forms – AY 2020-21

June 2, 2020 75960 Views 8 comments Print

Stay up-to-date with the latest changes in Income Tax Return forms for AY 2020-21. Learn about the modifications in ITR criteria and Form 1.

Six key changes in ITR forms for FY 2019-2020 (AY 2020-2021)

June 1, 2020 6000 Views 2 comments Print

The CBDT has notified the Income Tax Returns (ITR Forms i..e. ITR 1 to ITR 7) for the FY 2019-2020 (AY 2020-2021)  vide Notification No. 31/2020-Income Tax Dated- 29/05/2020, which became effective from 30th May, 2020. Glad to see this notified a day before than what the department committed. Six key changes in newly notified […]

All about filing of ITR-7 for A.Y. 2020-21

June 1, 2020 10602 Views 2 comments Print

In this article, I have tried to explain the eligibility, manner of filing and about obligation to file ITR-7 for AY 2020-21/FY 2019-20 which is generally applicable to persons including companies required to furnish return under sections 139(4A) or 139(4B) or 139(4C) or 139(4D) only. ITR-7 with other ITRs alongwith manner of furnishing Return of […]

ITR New Forms Changes for Financial Year 2019-20

June 1, 2020 4974 Views 0 comment Print

New ITR Forms Changes for Financial year 2019-20 CBDT has issued new ITR form for Financial year 2019-20. There are few additional disclosures which a taxpayer needs to make as compared to last year. Following additional disclosures has been made applicable for Assessment Year 2020-21 in new ITR Forms 1. Deductions Details from 01/04/2020 to […]

6 key changes in ITR forms for the AY 2020-2021

May 31, 2020 34140 Views 10 comments Print

Income Tax Returns Forms 1 to 7 for A/Y 2020-21 Notified. 6 key changes in ITR forms for the AY 2020-2021: 1. Passport One needs to disclose the Passport number if held by the taxpayer. This is to be furnished both in ITR 1-Sahaj and ITR 4-Sugam. Hopefully, it will be made mandatory in other […]

ITR (Income Tax Return Forms) 1 to 7 for AY 2020-21 notified

May 29, 2020 118971 Views 29 comments Print

CBDT notifies Form ―Sahaj (ITR-1), Form ITR-2, Form ITR-3, Form Sugam (ITR-4), Form ITR-5, Form ITR-6, Form ITR-7 and Form ITR-V for Assessment Year 2020-21 i.e. financial Year 2019-20. Also Read- Rule 12 of Income Tax Rules wef 29.05.2020 | ITR | AY 2020-21 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) […]