27 Key Changes Introduced in New ITR Forms | Applicable for AY 2023-24 PDF Download
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Author: Taxmann Publisher: Taxmann Publications Private Limited ISBN: Category : Law Languages : en Pages : 24
Book Description
The CBDT has released new Income-tax Return (ITR) Forms for the Assessment Year 2023-24 vide Notification No. 04/2023, dated 10-02-2022, and Notification No. 05/2022, dated 14-02-2023. The CBDT said that to facilitate the taxpayers and ease of filing, no significant changes have been made to the ITR Forms compared to last year’s. Only the bare minimum changes necessitated due to amendments in the Income-tax Act 1961 have been made. The applicability of the ITR forms for different taxpayers remains unchanged, and small taxpayers can still use the simple ITR forms (ITR 1 and ITR 4) without any additional conditions. However, ITR-1 can’t be filed by an individual who is otherwise not liable to file but has to file because of depositing more than Rs. 1 crore in one or more current accounts. Taxmann’s Advisory & Research Team has thoroughly analysed new ITR Forms (ITR 1 to 7) and highlighted all key changes and new requirements in current ITR forms viz-a-viz last year’s ITR Forms.
Author: Taxmann Publisher: Taxmann Publications Private Limited ISBN: Category : Law Languages : en Pages : 24
Book Description
The CBDT has released new Income-tax Return (ITR) Forms for the Assessment Year 2023-24 vide Notification No. 04/2023, dated 10-02-2022, and Notification No. 05/2022, dated 14-02-2023. The CBDT said that to facilitate the taxpayers and ease of filing, no significant changes have been made to the ITR Forms compared to last year’s. Only the bare minimum changes necessitated due to amendments in the Income-tax Act 1961 have been made. The applicability of the ITR forms for different taxpayers remains unchanged, and small taxpayers can still use the simple ITR forms (ITR 1 and ITR 4) without any additional conditions. However, ITR-1 can’t be filed by an individual who is otherwise not liable to file but has to file because of depositing more than Rs. 1 crore in one or more current accounts. Taxmann’s Advisory & Research Team has thoroughly analysed new ITR Forms (ITR 1 to 7) and highlighted all key changes and new requirements in current ITR forms viz-a-viz last year’s ITR Forms.
Author: Taxmann Publisher: Taxmann Publications Private Limited ISBN: Category : Law Languages : en Pages : 53
Book Description
The CBDT has released new Income-tax Return (ITR) Forms for the Assessment Year 2023-24 vide Notification No. 04/2023, dated 10-02-2023, and Notification No. 05/2023, dated 14-02-2023. No significant changes have been made to the ITR Forms compared to last year’s. Only the bare minimum changes necessitated due to amendments in the Income-tax Act, 1961 have been made. These ITR Forms will be applicable to file income tax returns in respect of income earned during the period 01-04-2022 to 31-03-2023. The applicability of the ITR forms for different taxpayers remains unchanged, and small taxpayers can still use the simple ITR forms (ITR 1 and ITR 4) without any additional conditions. However, ITR-1 can’t be filed by an individual who is otherwise not liable to file but has to file because of depositing more than Rs. 1 crore in one or more current accounts. Taxmann’s Advisory & Research Team has prepared 73 FAQs on filing ITRs and bifurcated those into various categories.
Author: Taxmann Publisher: Taxmann Publications Private Limited ISBN: Category : Law Languages : en Pages : 18
Book Description
The CBDT has notified ITR-7 for the Assessment Year 2024-25. The applicability of the ITR-7 form remains unchanged in the new form. The new ITR-7 requires additional details from taxpayers, and some changes in the ITR are consequential to the amendments made by the Finance Act 2023. The article thoroughly analyses all key changes in form ITR-7, the highlights of which are as follows: ‣ Details of Legal Entity Identifier ‣ Computation of income on the applicability of Twenty-Second Proviso to Section 10(23C) or Section 13(10) ‣ Furnishing of acknowledgement number of the Audit Report and UDIN ‣ Reporting of the amount invested or deposited back to Corpus and repayment of loans ‣ Reporting of the exempted portion of Anonymous Donations ‣ Reporting of Inter-Charity Donations ‣ Schedule IE-1 extended to Section 10(46A) and 10(46B) ‣ Omission of Reference to Section 10(22B) in Schedule IE-1 ‣ Details of filing Form 10 for accumulation of income ‣ Residuary clause for reporting of Additions
Author: Taxmann Publisher: Taxmann Publications Private Limited ISBN: Category : Law Languages : en Pages : 16
Book Description
As the Union Budget 2024 approaches, Charitable Trusts hopes for simplification amidst past complex amendments. With the Budget set for July 23, 2024, this article discusses key suggestions for the finance minister to streamline taxation for charitable trusts, benefiting small charitable entities. The coverage includes: ‣ Unified and Simple Tax Regime ‣ Presumptive-like Scheme for Taxation of Charitable Trusts ‣ Provide a Definition of ‘Commencement of Activities’ ‣ Consequential Amendment to Section 13(9) ‣ Clarity on Applicability of Tax Audit under Section 44AB
Author: Taxmann Publisher: Taxmann Publications Private Limited ISBN: Category : Law Languages : en Pages : 64
Book Description
The CBDT has notified the Income-tax Return (ITR) Forms (‘New ITR Forms’) for the Assessment Year 2022-23 vide Notification No. 21/2022, dated 30-03-2022 & Notification No. 23/2022, dated 01-04-2022. These ITR Forms will be applicable to file income tax returns in respect of income earned during the period 01-04-2021 to 31-03-2022. In this article, we have prepared 63 FAQs on the filing of ITRs and bifurcated those into various categories. Key Highlights 1. Applicable ITR forms for Assessment Year 2022-23, their applicability, and due dates. 2. When is it mandatory to file the return of income for an individual or HUF? 3. Under what circumstances is a non-resident exempt from filing a return of income? 4. What is an updated return and who is eligible to file it? 5. What should be the ‘relevant accounting period’ for reporting foreign assets in Schedule FA? 6. What is the meaning of Financial Interest? 7. What is Annual Information Statement (AIS) and how to access it? 8. How to report the “cost of acquisition” and “sale consideration” in case unlisted equity shares have been held during the year by way of gift, will, amalgamation, etc.? 9. Whether property and buyer information is required to be reported under the Capital Gain Schedule if such property is situated outside India and sold to a non-resident? 10. How to claim TDS credit in ITR if the deductor didn’t deposit TDS?
Author: Taxmann Publisher: Taxmann Publications Private Limited ISBN: Category : Law Languages : en Pages : 50
Book Description
Under the Income-tax Act, 1961, several essential due dates and responsibilities must be met periodically to ensure the timely submission of various forms and statements to avoid interest and penalties. This article compiles the deadlines for various compliances, which include: ‣ Yearly Compliances – Filing of Returns for Securities Transaction Tax (STT), Statements of Financial Transactions (SFT), Returns of Income, Tax Audit Reports, and More ‣ Half-yearly Compliances – Furnishing Declarations Received in Form 60 ‣ Quarterly Compliances – Furnishing TDS/TCS Statements, Payment of Advance Taxes, and More ‣ Monthly Compliances – Depositing TDS/TCS, Furnishing Statements by Stock Exchanges, and More ‣ Event-based Compliances – Applying for PAN Allotment, Filing Applications in Form 10AB by Charitable Trusts, etc.
Author: Louise Hay Publisher: Hay House, Inc ISBN: 1401974058 Category : Body, Mind & Spirit Languages : en Pages : 385
Book Description
Choose positive affirmations and take the first step to creating a new and fulfilling life with the trusted guidance of Louise Hay. Every thought you think and every word you speak is an affirmation. An affirmation is like planting a seed. You’re always in the process of tending to your garden, and if you do so with care, you’ll find that each day becomes more joyous than the one before it. This newly repackaged edition of Power Thoughts includes 365 daily affirmations, with topics including health, prosperity, friendship, love, forgiveness, self-esteem and many more. ‘By reading these affirmation – one a day, several at a time or just by opening the book at random – you’re taking the first step toward building a more rewarding life… I know you can do it!’ – Louise Hay
Author: Large Calendar Press Publisher: ISBN: Category : Languages : en Pages : 107
Book Description
Monthly Planner 2022-2023 This classic planner will help you schedule your appointments and daily activities, plan events, set goals, and get things done. It will also make a perfect gift for family and friends. Features: Monthly spreads: Two page spreads cover each month with ample space to write down appointments on individual dates. Yearly overview: Each year has an at a glance overview with all dates for the year. Notes: Extra lined pages to record notes Contacts pages Minimalist design Convenient size: At 8.5 x 11 inches this planner gives you plenty of space to write while still being light and portable. Gift idea: Planners make great gifts for birthdays or for Christmas. They're pretty, practical and will keep on giving for years to come! Get the 2022-2023 Monthly Planner to start planning your future today
Author: Golden Planner Publisher: ISBN: Category : Languages : en Pages : 120
Book Description
Limited Time Offer! Schedule, Plan and get things done with the 2-Year Monthly Planner 2022-2023 (January 2022 to December 2023). This beautiful and unique planner will help you schedule your appointments and daily activities, plan events, set goals. This Planner holds everything your heart desires; you can use it to organize, record, and plan, as well as jotting down notes and ideas. It will also make a perfect planner gift for Coworkers, family, and friends, for a birthday and any occasion of your choice. Please, use the Look Inside option at the top of the image on the right. You can get an idea of the content before buying it. Features: Includes Yearly reference January 2022 to December 2023 calendars Public federal Holidays in US 2022 and in the United Kingdom 2022 Beautiful at a glance monthly spread view; 1 month on two pages to help you plan your month ahead. In addition to a to-do list, Notes & priorities sections you also have other important pages as a bonus: important goals of the year. Extra lined sections to record Notes and goals of the Year Contacts pages Passwords log pages Yearly Vision Board Planner (2 pages per Year) (+ 2 Extra pages Notes per Month) sections to write down important Priorities, Personal & Business Goals And much more 8.5x11 Inches/ Matte finish cover/White Paper (120 pages) Get Yours Today! Thank You for Being Our Customers! PLEASE DON'T TRUST A REVIEW THAT'S NOT ASSOCIATED WITH THE TAG "Verified purchase"!!!!
Author: Taxmann
Author: Taxmann
Author: Taxmann
Author: Taxmann
Author: Taxmann
Author: Taxmann
Author: Taxmann
Author: Louise Hay
Author: Large Calendar Press
Author: United States. Taxpayer Advocate Service
Author: Golden Planner