The CBDT has notified the new Form for Income Tax Return (ITR-7) for the Assessment Year 2024-25.
One of the new requirements in ITR-7 included in 'Part A-GEN', where the assessee is mandated to furnish both the acknowledgement number of the audit report and the Unique Document Identification Number (UDIN).
Consequently, the assessee has to mention the acknowledgement number of the audit report filed in Form 10B/ 10BB, as applicable.
This requirement stems from the fact that the audit report must be submitted on either Form 10B or Form 10BB at least one month before the deadline for the submission of the income tax return.
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