Income Tax Returns: CBDT notifies Changes in ITR Form V and Acknowledgement for AY 2024 25 as per Budget 2023 amendments in IT Act and Income Tax Rules [Read Notification]
ITR-V is applicable Where the data of the Return of Income in Form ITR-1 (SAHAJ), ITR-2, ITR-3, ITR-4(SUGAM), ITR-5, ITR-7 filed but NOT verified electronically
![Income Tax Returns: CBDT notifies Changes in ITR Form V and Acknowledgement for AY 2024 25 as per Budget 2023 amendments in IT Act and Income Tax Rules [Read Notification]](https://www.taxscan.in/wp-content/uploads/2024/03/Income-Tax-Returns-CBDT-Changes-ITR-Form-V-Acknowledgement-for-AY-2024-25-Budget-2023-IT-Act-and-Income-Tax-Rule-taxscan.jpg "Income Tax Returns: CBDT notifies Changes in ITR Form V and Acknowledgement for AY 2024 25 as per Budget 2023 amendments in IT Act and Income Tax Rules [Read Notification]")
The Central Board of Direct Taxes ( CBDT ) has notified the changes in Income Tax Return Form V ( ITR-V ), in line with the Finance Act, 2023. Notably, the Central Board of Direct Taxes ( CBDT ) has recently released Notification No. 19 of 2024 on January 31, 2024, introducing the Income-tax Return Forms ( ITR Form )- 2, 3, and 5 for the Assessment Year ( A.Y. ) 2024-25. The Central...
The Central Board of Direct Taxes ( CBDT ) has notified the changes in Income Tax Return Form V ( ITR-V ), in line with the Finance Act, 2023.
Notably, the Central Board of Direct Taxes ( CBDT ) has recently released Notification No. 19 of 2024 on January 31, 2024, introducing the Income-tax Return Forms ( ITR Form )- 2, 3, and 5 for the Assessment Year ( A.Y. ) 2024-25.
The Central Board of Direct Taxes ( CBDT ), vide notification no. G.S.R 153(E). Dated 1st March 2024 has notified the Form Income Tax Returns ( ITR ) – 7 for the Assessment year ( A.Y. ) 2024-25. This latest addition completes the suite of ITR forms necessary for taxpayers to fulfill their tax filing obligations.
Read More: CBDT notifies Form ITR-7 for A.Y. 2024-25 w.e.f. 1st April 2024
Additionally, ITR Form-6 for the A.Y. 2024-25 was notified through Notification No. 16 of 2024 on January 24, 2024. This follows the earlier notifications of ITR-1 and ITR-4 for the A.Y. 2024-25, which were issued under Notification No. 105 of 2023 on December 22, 2023. All ITR Forms from 1 to 6 will be effective from April 1, 2024.
Read More: CBDT Notifies ITR Forms for A.Y. 2024-25 notified in Advance
The Central Board of Direct Taxes ( CBDT ) has officially released the Income Tax Return ( ITR ) forms for the financial year 2023-24 ( assessment year 2024-25 ). The new forms, ITR Forms 1 to 6, will come into effect from April 1, 2024, bringing with them a series of changes and enhanced disclosure requirements.
Read Also: Key Changes Notified in ITR Filing Forms for FY 23-24
To Read the full text of the Notification CLICK HERE
Support our journalism by subscribing to Taxscan premium. Follow us on Telegram for quick updates
