Changes in ITR Form V and Acknowledgement for A.Y 2024-25: Updated Provisions under Income Tax Act, 1961

 

Changes in ITR Form V and Acknowledgement for A.Y 2024-25: Amendments in Income Tax Provisions

Changes in ITR form V and Acknowlegement for A.Y 2024 25 as per the amemdments in the provisions of the Income tax Act, 1961 and In the Income tax Rules, 1962 in consequence of the Finance Act, 2023








Comments

Post a Comment

Popular posts from this blog

Income Tax Return or ITR forms for AY 2021-22 issued. Details here

Image
  Income Tax Return or ITR forms for AY 2021-22 issued. Details here The Central Board of Direct Taxation (CBDT) has notified new income tax return forms — ITR-1 to ITR-7 — for the assessment year 2021-22, the ministry of finance said in a release on 1 April. “Keeping in view the ongoing COVID-19 crisis and to facilitate the taxpayers, no significant change have been made to the ITR forms in comparison to the last year’s ITR forms,” the CBDT said. Only the bare minimum changes necessitated due to amendments in the Income-tax Act, 1961 have been made, CBDT further added. The taxpayers will now have dedicated space in each of the ITR forms — Sahaj (ITR-1), Form ITR-2, Form ITR-3, Form ITR-4 (Sugam), Form ITR-5, Form ITR-6, Form ITR-7 and Form ITR-V to describe their investments, CBDT said. ITR Form 1 (Sahaj) and ITR Form 4 (Sugam) are simpler Forms that cater to a large number of small and medium taxpayers. Sahaj can be filed by an individual having income upto ₹5...
Read more

WhatsApp will not delete your account but will punish you for not accepting new privacy policy

Image
  WhatsApp will not delete your account but will punish you for not accepting new privacy policy Just two days ago, WhatsApp had clarified that users will not lose their accounts even if they don’t accept the policy. HIGHLIGHTS WhatsApp has updated in its FAQ page that the users will not lose access to their accounts. WhatsApp has listed the features it would limit if users do not accept new privacy policies despite persistent reminders. WhatsApp will stop you from accessing your chat list. WhatsApp’s new privacy policy has got the people talking. With the May 15 deadline nearing, there is too much ambiguity around its privacy policy and new terms of service. The users still seem to be under the rock about the whole WhatsApp gimmick and the company is pretty much to be blamed for this. Just two days ago, WhatsApp had clarified that users will not lose their accounts even if they don’t accept the policy but now reports have stated that the users will lose access to some important fe...
Read more

IRCTC train ticket reservations new rules: 10 things to know

Image
IRCTC train ticket reservations new rules: 10 things to know IRCTC train ticket reservations new rules: Now, tickets can be booked up to 120 days in advance and an Aadhaar-verified user can book 12 tickets every month. IRCTC ticket reservations rules : The Indian Railway Catering and Tourism Corporation (IRCTC) has revised its rules for booking train tickets online. The Indian Railways, world’s fourth largest railway network, has brought in changes in an effort to aid travellers. Now, tickets can be booked up to 120 days in advance, an Aadhaar-verified user can book 12 tickets every month and passengers can now claim refunds if the train fails to depart within three hours of the scheduled departure. Now, online ticket booking has been made time sensitive. This means, 25 seconds has been allotted to fill up passenger details. Further, the minimum input time for Captcha on passenger details page and payment page is 5 seconds. Here are 10 IRCTC rul...
Read more