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Incorrect form can render tax return invalid, need revision
Business Standard
|May 17, 2025
The Central Board of Direct Taxes (CBDT) has notified the key Income Tax Return (ITR) forms for the financial year 2024-25 (assessment year 2025-2026), allowing taxpayers to file their returns.
The Central Board of Direct Taxes (CBDT) has notified the key Income Tax Return (ITR) forms for the financial year 2024-25 (assessment year 2025-2026), allowing taxpayers to file their returns. Salaried individuals should consider both their income level and sources beyond salary when selecting the appropriate ITR form.
"The correct ITR form depends on the type and quantum of income, losses incurred, type of investments made, foreign assets, and so on," says Naveen Wadhwa, vice-president, Taxmann.
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