Quick Summary
The Central Board of Direct Taxes (CBDT) recently released a corrigendum, marked as Notification No. 22/2024 dated February 21, 2024, amending Notification No. 19/2024 dated January 31, 2024. This corrigendum serves to provide clarity and notify six specific changes and aspects concerning the Income Tax Return (ITR) Forms, namely ITR-2, ITR-3, and ITR-5, for the Assessment Year (A.Y.) 2024-25. Official copy of the notification has been mentioned below MINISTRY OF FINANCE (Department o
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FAQ :
The corrigendum, Notification No. 22/2024, clarifies six specific changes to ITR Forms ITR-2, ITR-3, and ITR-5 for the Assessment Year 2024-25.
The ITR forms affected are ITR-2, ITR-3, and ITR-5.
The corrigendum was issued on February 21, 2024.
Changes include amendments to the Income-tax (Amendment) Rules, 2024, insertion of an 'Amount (Rs.)' column in Schedule 80DD for ITR-2 and ITR-3, and modifications to specific figures and symbols in Schedule CG for ITR-5.
Taxpayers, tax professionals, and other stakeholders involved in filing tax returns should review these changes.
The amendments aim to enhance clarity, accuracy, and transparency in the tax filing process, ensuring better compliance and minimising errors.
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