INCOME TAX DEPARTMENT: TAXPAYERS WILL NOW HAVE TO GIVE ADDITIONAL INFORMATION, NEW ITR FORMS ISSUED FOR ASSESSMENT YEAR 2022-23

INCOME TAX DEPARTMENT: TAXPAYERS WILL NOW HAVE TO GIVE ADDITIONAL INFORMATION,

NEW ITR FORMS ISSUED FOR ASSESSMENT YEAR 2022-23

Income Tax Department has recently released new ITR (Income Tax Return) forms for assessment year 2022-23 (or FY 2021-22). All the forms from ITR Form 1 to 6 are almost same as last year. No major changes have been made to these. Nevertheless, income tax payers will have to provide some additional information while filling the ITR form from this year.

In this information, information about the source of pension, interest received from the EPF account, date of purchase or sale of land, and much other information will have to be given. If you are not aware of these changes, then you may face difficulties in filling out the return form. Therefore, make sure to note these changes while filling out the ITR form….

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