Income Tax

CBDT notifies Income Tax Return Forms for AY 2023-24. Read Notifications

CBDT notifies Income Tax Return Forms for AY 2023-24

CBDT has issued two notifications for notifying the formats of Income Tax Return and Acknowledgment for the Assessment Year 2023-24 (Financial Year 2022-23)

Income Tax Return Notification
ITR-7 For persons including companies required to furnish return under sections 139(4A) or139(4B) or 139(4C) or 139(4D) only Notification No. 05/2023

ITR-1 SAHAJ For individuals being a resident (other than not ordinarily resident) having total income up to Rs.50 lakh, having Income from Salaries, one house property, other sources (Interest etc.), and agricultural income up to Rs.5 thousand. Not for an individual who is either Director in a company or has invested in unlisted equity shares or in cases where TDS has been deducted u/s 194N or if income-tax is deferred on ESOP

ITR-2 For Individuals and HUFs not having income from profits and gains of business or profession

ITR-3 – For individuals and HUFs having income from profits and gains of business or profession

ITR-4 SUGAM – For Individuals, HUFs and Firms (other than LLP) being a resident having total income upto Rs. 50 lakh and having income from business and profession which is computed under sections 44AD, 44ADA or 44AE. Not for an individual who is either Director in a company or has invested in unlisted equity shares or if income-tax is deferred on ESOP or has agricultural income more than Rs. 5000.

ITR-5 – For persons other than- (i) individual, (ii) HUF, (iii) company and (iv) person filing Form ITR-7

ITR-6 For Companies other than companies claiming exemption under section 11

ITR-V and Indian Income Tax Return Acknowledgement

 

Notification No. 04/2023

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