CBDT notifies revised Income Tax Return Form (ITR 7) under Section 139 of the Income Tax Act, 1961, in respect of AY 2024-25, vide Notification 24/2024. Form ITR-7 is meant for persons, including companies, who are required to file their returns under specific Sections 139(4A), 139(4B), 139(4C), or 139(4D) of the Income-tax Act, 1961.
In essence, the CBDT has notified a specific ITR form (ITR-7) for the upcoming assessment year 2024-25 for persons, including companies, who fall under the ambit of the specified sections of the Income Tax Act. This form is specifically for the categories mentioned above and is not the regular ITR form used by individuals or other entities.
CBDT Income Tax Notification 24/2024 dated 01/03/2024: Revised Form ITR-7 for AY 2024-25 Notified
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