| Release of the Publication – Checklist for the Preparation of ITR Forms (ITR 1 & ITR 4) Tax Laws are dynamic and undergo significant changes every year with the passage of the Annual Finance Act. The Rules and forms also undergo changes through notifications issued by the Central Board of Direct Taxes. On account of these continual developments in the direct tax realm and the consequent need for members to stay updated, the Direct Taxes Committee proactively disseminates knowledge and sharpens the skills of its members through its various publications, webinars, seminars and conferences. The applicability and the reporting requirements in income-tax return forms change every year with the changes in tax laws. Also, new reporting requirements are added in the return forms to capture information for ensuring tax compliance and preventing tax avoidance. Recently, the CBDT has notified new Income-tax Return Forms applicable for the Assessment Year 2025-26. To facilitate in filling the return forms in a seamless manner, the Direct Taxes Committee is coming out with the checklists for the preparation of various ITR forms. The first in the series in the Checklist for preparation of ITR 1 and ITR 4. The Publication titled “Checklist for preparation of ITR Forms” (ITR 1 and ITR 4) can be accessed at the following link : https://resource.cdn.icai.org/ Wishing you all a happy learning and return filling and filing experience!
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