Big update for ITR filers, Income Tax Department issued notification

income tax return: If you also file annual income tax return (ITR file), then you must read this news. ITR-2 offline form has been released by the Income Tax Department for filing income tax return for the financial year 2022-23 (age 2023-24). Last month, CBDT notified ITR-1 and ITR-4 forms. Let us tell you that online ITR forms were not issued by the Income Tax Department. Currently only Excel utility is issued for ITR-1, ITR-2 and ITR-4.

No significant change in ITR form-
If a person wants to file his ITR immediately, he needs to download the tool from the Income Tax e-filing website. The utility form will have to be uploaded on the income tax e-filing platform by filling in the information related to income and tax exemption.

No significant change in ITR form this year-
One important change in the ITR form is that you will have to give information about virtual currency and digital assets. When you submit ITR form offline or online, keep in mind that it needs to be verified. If the ITR is not verified by the taxpayer, it will not be processed by the Income Tax Department.

Who can file ITR-2?
If your annual income is Rs. 50 lakh or more then you should fill ITR-2 form. Under this, more than one residential property, capital gain or loss on investment, dividend income of more than 10 lakhs and income from agriculture have to be declared. Apart from this, if you have earned as interest from PF, then this form will also have to be filled.