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Capital Gains Account Scheme

ITR filing 2024: Tax return forms tweaked for taxpayers to file returns for AY2024-25. Check form-by-form changes

6 July 2024 by Admin
ITR filing 2024: Tax return forms tweaked for taxpayers to file returns for AY2024-25. Check form-by-form changes

The Income Tax department periodically updates tax return forms to gather additional information from taxpayers. In December 2023, ITR forms 1 and 4 were revised for Assessment Year 2024-25 to align with changes introduced by the Finance Act 2023 amendments. These modifications and reporting requirements were implemented by the Central Board of Direct Taxes (CBDT). … Read more

Categories Economy Tags 3, 44ADA, 44AE, 5, 6, Agniveer Corpus Fund, annual bonuses, AY2024-25, Bank Accounts, Capital Gains Account Scheme, CBDT, Central Board of Direct Taxes, crypto earnings, endowment policies, ESOPs, Finance Act 2023, Form 10-IEA, high-premium policies, Income Tax Department, ITR Filing 2024, ITR forms 2, ITR-1, ITR-4, life insurance policies, medical expenses, online gaming, Schedule 80DD, Schedule VI-A, Section 115BBJ, Section 80CCH, sections 44AD, sugam, tax regime, tax return forms, taxable proceeds, ULIPs, virtual winnings Leave a comment

ITR filing 2024: Key changes in tax return forms for AY2024-25. Check details

22 June 2024 by Admin
ITR filing 2024: Key changes in tax return forms for AY2024-25. Check details

ITR filing AY 2024-25: The Income Tax department time to time introduces changes in tax return forms seeking some additional details from taxpayers. Like in December 2023, the Income Tax department tweaked ITR forms 1 and 4 notified for Assessment Year 2024-25. The Central Board of Direct Taxes (CBDT) has introduced many additional reporting requirements and … Read more

Categories Economy Tags Agniveer Corpus Fund, Capital Gains Account Scheme, CBDT modifications, Central Board of Direct Taxes, Finance Act 2023 amendments, Form 10-IEA, high-value financial transactions, Income Tax department changes, ITR Filing 2024, ITR-1, ITR-4, Legal Entity Identifier, LEI requirement, medical treatment deductions, political party donations, Schedule 80DD, Schedule 80GGC, Schedule CG, section 80CCH deduction, tax regime declaration, tax return forms AY2024-25 Leave a comment
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