Income Tax Department has released common Frequently Asked Questions (FAQs) faced by taxpayers during filing their returns for AY 2024-25. Here some of the important FAQs as per the tax department’s website.
First Name, Middle Name and Last Name in ITR should be same as per the name registered under My profile section after login on the portal. Taxpayer should update the profile and then download the latest prefill Json for filing return in offline mode or start new filing in Online mode to resolve these issues.
Can you carry forward losses while filing ITR under the new tax regime? Read the fine print
In case taxpayer has special rate of Income and TDS is deducted for such income (For Ex: 115BB), then ITR 1 and ITR 4 are not applicable for such taxpayer. So, the respective dropdowns are greyed off. In this case, taxpayer is required to file ITR Form 2 or 3 as applicable.
Also read: Complete guide to filing ITR
From AY 2024-25, new tax regime has become the default tax regime and VIA deductions cannot be claimed, except deduction u/s 80CCD(2)/80CCH/80JJAA as per the provision of Section 115BAC of the Income Tax Act, 1961. In case taxpayer wants to claim any deductions (as applicable), then taxpayer need
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