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      • To make return filling easier, the taxing authority has identified seven types of ITR forms. They are: ITR 1, ITR 2, ITR 3, ITR 4, ITR 5, ITR 6, and ITR 7.
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  2. Sep 5, 2024 · Seven types of ITR forms are available for different taxpayers based on income sources. Filing ITR is mandatory if income exceeds the basic exemption limit, or in cases like foreign asset/travel expenses. Certain taxpayers are exempt. Types include ITR-1 for individuals, ITR-2 for HUFs, ITR-3 for business income, and ITR-4 for presumptive income.

  3. Jun 6, 2024 · Discover key changes and updates in the latest Income Tax Return (ITR) Forms for AY 2024-25. Explore eligibility criteria and features of each form for seamless tax filing.

  4. return of Income in ITR-5 for AY 2024-25. Form 10-IFA is applicable to new manufacturing co-operative Societies resident in India filing ITR 5, if they wish to avail New Tax Regime under Section 115BAE for AY 2024-25.

  5. Dec 16, 2023 · To make return filling easier, the taxing authority has identified seven types of ITR forms. They are: ITR 1, ITR 2, ITR 3, ITR 4, ITR 5, ITR 6, and ITR 7. Individuals should file using the suitable form depending on their income, residential status, and type of business they run.

  6. Jun 8, 2024 · The Central Board of Direct Taxes (CBDT) has released the income tax return (ITR) forms for the Financial Year (FY) 2023-24, corresponding to the Assessment Year (AY) 2024-25 via notifications dated December 22, 2023, for the ITR-1 form and January 31, 2024, for the ITR-2 form.

  7. May 19, 2024 · For the Financial Year 2023-24 (Assessment Year 2024-25), there are seven different ITR forms notified by the department: ITR-1, ITR-2, ITR-3, ITR-4, ITR-5, ITR-6, and ITR-7. Each form is applicable based on the type of income, the amount earned, and the category of the taxpayer, such as individuals, Hindu Undivided Families (HUFs), companies, etc.

  8. Q.8: While filing ITR for AY 2024-25, “Taxpayer unable to claim all other deductions other than 80CCD (2)?” Ans: From AY 2024-25, new tax regime has become the default tax regime where claiming of chapter