The Central Board of Direct Taxes ( CBDT ) has released the Common Offline Utility for filing ITR-1 and ITR-4 for Assessment Year 2022-23.
Taxpayers can download the ITR Offline Utility through the “Downloads” Menu option, and fill and file the ITR through the same.
The CBDT had notified the amendments in the income tax return (ITR) forms for the Assessment Year 2022-23 vide Notification No. 21/2022, dated 30-03-2022 & Notification No. 23/2022, dated 01-04-2022.
The new ITR forms do not tinker with the applicability of ITR forms to different taxpayers. No new condition has been added to squeeze the applicability of simple ITR forms (ITR 1 and ITR 4) to existing small taxpayers.
The new ITR forms seek additional disclosures of the date of purchase and sale of land and building. An individual has to choose the suitable option in support of his selection of residential status, i.e., an individual has to choose one out of four options if he is an ordinarily resident in India. Many changes in the ITR forms are consequential to the amendments made by the Finance Act 2021 and Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act, 2020.
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