The Income Tax department on Wednesday said the ITR (Income Tax Return) forms for 2022-23 will come into effect from April 1 and have been notified well in advance to enable the filing of returns from the beginning of the ensuing Assessment Year.
To facilitate taxpayers and to improve the ease of filing, no significant changes have been made to the ITR forms in comparison to the last year’s ITR Forms. Only bare minimum changes necessitated due to amendments in the Income-Tax Act, 1961, have been made, it added.
The Central Board of Direct Taxes (CBDT) on February 10 notified income tax return forms 1-6 for individuals, professionals and businesses for income earned in 2022-23. Also, ITR-7 form for charitable trusts, scientific research institute, political parties and universities was notified on February 14.
“These ITR forms will come into effect from April 1, 2023, and have been notified well in advance in order to enable filing of returns from the beginning of the ensuing Assessment Year,” the Central Board of Direct Taxes (CBDT) said in a statement.
Usually, ITR forms for a particular financial year are notified by the end of March or early April.