Latest Trending News
Income Tax Department Unearths Massive Tax Evasion and Dubious Practices in Raids on Politically Exposed Person and Associates

CBDT Enables Taxpayers to File Income Tax Returns for A.Y. 2024-25 from April 1

New Delhi: The Central Board of Direct Taxes (CBDT) has announced that taxpayers can now file their Income Tax Returns (ITRs) for the Assessment Year 2024-25, pertaining to the Financial Year 2023-24, starting from April 1, 2024. The ITR functionalities, including ITR-1, ITR-2, ITR-4, and ITR-6, commonly used by taxpayers, are available on the e-filing portal for seamless filing.

CBDT had previously notified the ITR forms well in advance, with ITRs 1 and 4 being notified on December 22, 2023, followed by the notification of ITR-6 on January 24, 2024, and ITR-2 on January 31, 2024. This early notification ensured that taxpayers had sufficient time to familiarize themselves with the forms and prepare their returns.

Additionally, to facilitate e-Return Intermediaries (ERIs), the JSON Schema for ITR-1, ITR-2, ITR-4, and ITR-6, along with the Schema of Tax Audit Reports, have been made available for A.Y. 2024-25. Taxpayers can access these schemas in the downloads section of the e-filing portal.

As of now, taxpayers have already filed approximately 23,000 ITRs for AY 2024-25, highlighting the readiness of taxpayers to fulfill their compliance obligations. The facility to file ITRs 3, 5, and 7 will be made available shortly to complete the suite of ITR forms for the upcoming assessment year.

Comments are closed.