ITR
There are several types of ITR Forms for different Income categories FY 2022-23, AY 2023-24 – New ITR Forms.
ITR stands for Income Tax Return as per the Income. The Income Tax Act, 1961 releases all the ITR forms and specifies the procedures to be followed. This article gives an in-depth understanding of the ITR definition and types of ITR forms. The department has notified 7 various forms i.e. ITR-1, ITR2, ITR-3, ITR-4, ITR-5, ITR-6 & ITR-7 to date. Every taxpayer should file his ITR on or before the specified due date. The applicability of ITR forms varies depending on the sources of income of the taxpayer, the amount of the income earned and the category of the taxpayer like individuals, HUF, company, etc.
. Which ITR to file for FY 2022-23 (AY 2023-24)
