Wednesday, March 05, 2025 | 02:13 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

CBDT notifies income tax return forms for assessment year 2024-25

The ITR-1, which is filed by individuals having a total income of up to Rs 50 lakh, and ITR-6 for companies were notified earlier in December 2023, and January 2024, respectively

income tax

'Changes have been incorporated in the ITRs in order to facilitate the taxpayers and to improve ease of filing,' the CBDT added

Press Trust of India

Listen to This Article

The Income Tax department on Friday said it has notified I-T return forms 2, 3 and 5 for filing tax returns for assessment year 2024-25.
 
The ITR-1, which is filed by individuals having a total income of up to Rs 50 lakh, and ITR-6 for companies were notified earlier in December 2023, and January 2024, respectively.
 
"The Central Board of Direct Taxes (CBDT) dated January 31, 2024, has notified Income-tax Return Forms (ITR Form)- 2, 3 and 5 for the Assessment Year (AY) 2024-25," the Central Board of Direct Taxes (CBDT) said in a statement.
 
All ITR Forms 1 to 6 have since been notified and will come into effect from April 1, 2024, it added.
 
 
Individuals and HUFs not having income from business or profession [and not eligible for filing ITR Form-1 (Sahaj)] can file ITR-2, while those having income from business or profession can file ITR Form-3.
 
ITR-4 (Sugam) is for resident individuals, HUFs and firms (other than LLP) having a total income of up to Rs 50 lakh and having income from business and profession.
 
Partnership firms and LLPs can file ITR Form-5 and companies other than those claiming exemption under section 11 can file ITR Form-6.
 
"Changes have been incorporated in the ITRs in order to facilitate the taxpayers and to improve ease of filing," the CBDT added. 

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Feb 02 2024 | 8:21 PM IST

Explore News