CBDT Notification No. 94/2023 Dated. 31 October 2023

Form ITR-7 changed for Assessment Year 2023-24

[{"selector":"#anim-aeeb703c-3637-4dbf-9a30-c7ec831997bf","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-e42826b6-800f-47ed-9336-b860cd5ee57c","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Changes brought under PART-B (B1-TI & B1-TTI) of ITR-7 form

[{"selector":"#anim-c78ad1c1-6e4e-4b6d-8e84-21b20bdb73fa","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-243a90cf-60ea-4340-b0be-706d00cddbfa","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Part B1-TI Sl.16: Specified Income u/s.115BBI to be charged @30%

[{"selector":"#anim-ad15061c-c216-4385-8e4b-8784d96aea48","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-f9089edb-ec47-4c90-a741-c831b46189f6","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Part B1-TI Sl.17(inserted)-Aggregate Income to be taxed at normal rate

[{"selector":"#anim-06cdf667-0a3f-44e6-9e0d-67f93203a6d8","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-8b6deacd-c7e0-4e45-8ac2-273b33c0c334","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Part B–TTI(1a) calculates tax liability at standard rate based on adj in B–TI

[{"selector":"#anim-056c4a58-5636-4291-876c-32bb8e4e631f","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-606ab55f-279d-4f40-b5a0-80879e9f99a5","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

ITR-7 applicable to persons furnishing return u/s. 139(4A)/ 139(4B)/ 139(4C)/ 139(4D)

[{"selector":"#anim-72b9c251-2dd8-4a13-9250-124d35e000e0","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-eac8a541-df60-4d10-adeb-716894a714fb","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] See more details