New ITR forms require details of virtual digital assets, share trading
The Central Board of Direct T axes notified the income-tax return forms for assessment year 2023-24 earlier this month. These forms are to be used to file returns for income earned during FY23, which ends on March 31.
“In order to facilitate the taxpayers and to improve ease of filing, no significant changes have been made to the ITR Forms in comparison to last year’s ITR Forms,” the CBDT said in a statement. “Only the bare minimum changes necessitated due to amendments in the Income-tax Act, 1961, have been made.”
There was no mention of “common ITR forms” that the CBDT had proposed in November to replace six of the seven ITR forms, for which inputs had been sought from stakeholders and the general public.