Income Tax Department Official Announcement for AY 2024-25

The Income Tax Department has released important updates regarding ITR filings for the Assessment Year 2024-25. Here’s what you need to know:

1️⃣ Updated Utilities for ITR Forms 2 & 3:

  • Following the issuance of Circular No. 21 dated 31st December 2024, the utilities for ITR Forms 2 and 3 have been updated to include the option to exercise 87A rebate.
  • Taxpayers can expect these utilities to be made available shortly.

2️⃣ Updated ITR Forms 5, 6, and 7 Filing Option:

  • The option to file updated ITR forms for Forms 5, 6, and 7 will commence from 1st January 2025.
  • This update ensures a smoother and more efficient filing process for businesses, trusts, and other entities.

Why Timely Filing Matters

Staying compliant with the latest tax regulations not only avoids penalties but also ensures you can take full advantage of the rebates and benefits available for your category.

Need Assistance with Filing?

Navigating the intricacies of income tax can be challenging, but you don’t have to do it alone! At Taxla Services, we provide end-to-end support for ITR filings, GST compliance, and more.

📞 Contact Us Today:
+91 9600076134 / 6374812546

📧 Email Us: auditsiva2@gmail.com

🌐 Visit Our Website: www.taxlaservices.com

About Taxla Services

Located in Saligramam, Chennai, we are your trusted income tax practitioners offering expert guidance on income tax filing, GST services, company compliance, and more. Let us handle the complexities so you can focus on what matters most!

#TaxUpdates2025 #IncomeTaxFiling #87ARebate #TaxCompliance #TaxSolutions #TaxlaServices



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