Get a fix on key changes in the new Income Tax Return Forms for AY 2022-23

• June 11, 2022
• CA Chandan Agarwal's Office

The forms are quite elaborate and seek a lot of information, so get the documentation and paperwork ready, and make complete disclosures while filing returns

The Central Board of Direct Taxes (CBDT) had notified the income tax return (ITR) forms for FY 2021-22 (Assessment Year 2022-23) in the first week of April. The new forms are quite elaborate, and their early notification will give assessees more time to get the documentation and paperwork ready. Hence you must ensure that you make complete disclosures while filing your returns. There are around 30 changes in the new ITR forms, and while all may not be relevant to you, there are some that you need to know about. Business Standard spoke to tax experts to find out the most important changes you need to know.

Source: https://www.business-standard.com/article/pf/get-a-fix-on-key-changes-in-the-new-income-tax-return-forms-for-ay-2022-23-122061000817_1.html