CBDT enable taxpayers to file ITR from April 1, 2024

New Delhi: The Central Board of Direct Taxes (CBDT) on Thursday said it has facilitated taxpayers to file their Income Tax Returns (ITRs) for the Assessment Year 2024–25 (relevant to Financial Year 2023–24) from April 1, 2024, and onwards.

“This is the first time in recent times that the Income Tax Department has enabled taxpayers to file their returns on the first day of the new financial year. This is another giant step towards ease of compliance and seamless taxpayer services,” the Ministry of Finance said in a release.

The ITR functionalities—ITR-1, ITR-2, and ITR-4—commonly used by taxpayers are available on the e-filing portal from April 1, 2024, onwards for taxpayers to file their returns. Companies will also be able to file their ITRs through ITR-6 from April 1 onward.

Thus, taxpayers have been enabled to file ITR-1, ITR-2, ITR-4, and ITR-6 for FY 2024–2025 on the e-filing portal as of April 1, 2024. In fact, about 23,000 ITRs for FY 2024–25 have already been filed to date. The facility to file ITRs 3, 5, and 7 will be made available shortly.

As a precursor to this, CBDT had notified the ITR forms early, beginning with ITRs 1 and 4, which were notified on December 22, 2023; ITR-6 was notified on January 24, 2024; and ITR-2 was notified on January 31, 2024.

To facilitate the e-Return Intermediaries (ERI), the JSON Schema for ITR-1, ITR-2, ITR-4, and ITR-6 and the Schema of Tax Audit Reports have also been made available for FY 2024–25. The same can be accessed under the downloads section of the e-filing portal.

UNI