The Central Board of Direct Taxes ( CBDT ) by Notification No. 8/2023 dated February 28, 2023, has released a Corrigendum to Notification No. 04/2023 dated February 10, 2023.
The latter notification announced the new Income-tax Return ( ITR ) forms applicable for the Assessment Year (A.Y.) 2023-24. The Corrigendum has been issued to rectify minor mistakes and omissions that were present in the ITR forms.
20 Major changes were introduced by way of corrections and the addition of omissions by the corrigendum to the new Income Tax Return Forms issued earlier.
The Central Board of Direct Taxes ( CBDT ) issued Notification No. 04/2023 on February 10, 2023, announcing the updated forms for Income Tax Return (ITR) and Indian Income Tax Return Acknowledgement, for the Assessment Year 2023-24, effective from April 01, 2023.
The forms included ITR-1 SAHAJ, ITR-2, ITR-3, ITR-4 SUGAM, ITR-5, ITR-6, ITR-V and the Indian Income Tax Return Acknowledgement. It also includes schedules for the return forms. The principal rules were published vide notification S.O. 969 (E), dated 26th March 1962 and last amended vide notification GSR 769(E), dated 7th October 2022.
The Central Board of Direct Taxes ( CBDT ) released the Common Offline Utility for filing ITR-1 and ITR-4 for Assessment Year 2022-23 in April last year. Taxpayers could download the ITR Offline Utility through the “Downloads” Menu option, and fill and file the ITR through the same. The year before, the CBDT had replaced the Excel and Java versions of ITR utilities with JSON for ITR-1 and ITR-4.
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