ITR 7 FORM - Analysis of Changes in the new ITR7 Return Form
The CBDT has notified the new form of Income-tax Return 7 (ITR-7) for the Assessment Year 2024-25 vide Notification G.S.R 153(E) [NO. 24/2024/F. NO. 370142/1/ 2024-TPL (PART-1)], dated 01-03-2024. The applicability of the ITR-7 form remains unchanged in the new form. The new ITR-7 requires various additional details from taxpayers and some changes in the ITR form are in consequence of the amendments made by the Finance Act 2023.
In this issue the changes made in form ITR-7 are discussed.
For Complete details, please read this issue of Standard and Norms.
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