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Home FINANCE ITR Filing Date Announcement: Big News! Income tax filing date has been...

ITR Filing Date Announcement: Big News! Income tax filing date has been announced, check full details immediately

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Avoid these 8 mistakes while filing Income Tax Return
Avoid these 8 mistakes while filing Income Tax Return

Income Tax Slab: Those people who have taxable income have to pay tax. Meanwhile, the date for filing tax this year has been announced early.

The Income Tax Department said that the Income Tax Return (ITR) forms for 2022-23 will be effective from April 1 and these have been notified much in advance to facilitate filing of returns from the beginning of the next assessment year.

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Tax Department said that in order to facilitate the taxpayers and to further simplify the process of filing returns, no major changes have been made in the ITR form as compared to last year. Only due to amendments in Income Tax Act, 1961 some necessary but minor changes have been made. The Central Board of Direct Taxes (CBDT) notified Income Tax Forms 1-6 on February 10 for individuals, professionals and companies for income earned in 2022-23.

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Also, ITR Form-7 was notified on February 14 for charitable trusts, scientific research institutions, political parties and universities. “These ITR forms will be effective from April 1, 2023 and have already been notified to facilitate filing of returns from the beginning of the next assessment year,” the CBDT said in a statement.

ITR

Explain that ITR forms are usually notified by the end of March or beginning of April for a financial year. However, this time they have already been released.

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