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CBDT Notifies ITR (Income Tax Return) forms 1 and 4 for AY 2024-25

Posted Date : 23-Dec-2023 , 10:13:10 pm | Posted By CASANSAAR print Print
 
The Central Board of Direct Taxes (CBDT) has notified ITR forms 1 (SAHAJ) and 4 (SUGAM), which are filed by individuals and entities with annual total income of up to Rs 50 lakh, for assessment year (AY) 2024-25.
 
ITR forms for a particular financial year are usually notified by the end of March or early April. However, last year, the income tax department notified the ITR forms for FY 2022-23 (AY 2023-24) in February 2023. This year, the ITR forms have been notified seven months before the last date for filing them.  
 
July 31, 2024 is the last date to file ITR for FY 2023-24 (AY 2024-25), unless it gets extended.
 
Individuals, besides Hindu Undivided Families (HUFs), firms having income up to Rs 50 lakh and those having earnings from business and profession in the current fiscal (April 2023-March 2024) can commence filing returns for the income earned this financial year.

Category : CBDT | Comments : 0 | Hits : 431

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