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ITR Filing Using Part B in Excel of Form 16 for AY 2024-25

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By Arpit Kulshrestha
Form 16 Part B in Excel: ITR Filing for FY 2023-24

Due to a major step taken by the IT Department, taxpayers in India can now take advantage of filing their Income Tax Returns (ITRs) for the AY 2024-25 early. ITRs 1, 2, 4, and 6 can now be accessed through the government e-filing portal starting on April 1, 2024. 

With over 23,000 ITR forms completed thus far, the department's initiative has been well-received and suggests a proactive start to the tax filing season. Thanks to this extra development, taxpayers may now file their returns on time and avoid the last-minute rush that frequently results in mistakes and fines.

Making the Process of Filing Taxes Simpler

Allowing taxpayers to file their Income Tax Returns (ITRs) on the first day of the new assessment year is a commendable step done by the Income Tax Department to assist taxpayers. This innovative action is a major break from the department's conventional procedures and demonstrates its dedication to providing taxpayers with hassle-free services and making compliance easier. By taking this action, the department hopes to increase taxpayer convenience and transparency in the tax system by streamlining the ITR filing procedure for them.

ITR Forms Are Available for Filing Early

With a promise of simplicity and accessibility, ITR Forms 1 and 4 are now easily accessible, meeting the requirements of small and medium-sized taxpayers. ITR-2, another form that may be filled quickly, is also beneficial for persons who get income from residential property. All things considered, the availability of these forms guarantees that taxpayers, irrespective of the nature or amount of their income, may simply comply with their tax duties.

Support for AY 2024-25

The IT Department has declared that as of April 1, 2024, taxpayers would be able to begin filing their Income Tax Returns (ITRs) for the financial year 2024–25, which is equivalent to the Financial Year 2023–24. Taxpayers can obtain frequently used forms like ITR-1, ITR-2, and ITR-4, as well as ITR-6 for corporations, via the e-filing portal. The Income Tax Department intends to encourage taxpayers nationwide to file their taxes on time.

Read Also: ITR Filing for FY 2024-25 Without a CA: Know the Process 

Early Notified Income Tax Return Forms

To make compliance easier for taxpayers, the Central Board of Direct Taxes (CBDT) has started sending out notifications for the Income Tax Return (ITR) forms on time. Because the notices were sent out well in advance, taxpayers had plenty of time to prepare and file their taxes easily. 

Notifications for the ITR-1 and ITR-4 forms were sent out on December 22, 2023; ITR-6 and ITR-2 notifications were out on January 24, 2024, and January 31, 2024, respectively. This timely notification of ITR forms is a positive step that will assist taxpayers in efficiently planning and organising their tax filing process, thereby preventing confusion and inconvenience at the last minute.

Ongoing Assistance for Taxpayers

According to a recent announcement from the Central Board of Direct Taxes (CBDT), taxpayers could anticipate having access to file their Income Tax Returns (ITRs) for forms 3, 5, and 7 very shortly. The goal of this action is to streamline and improve taxpayer convenience in the tax compliance process. For the assessment year 2024–25, taxpayers may anticipate a simple and smooth tax filing process thanks to preventative steps and early access to various filing choices. Taxpayers can now relax knowing that they will have enough time to file their taxes and more effectively abide by tax laws.


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