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of <h1>New Form ITR-7 Introduced in Income-tax Rules, Effective April 1, 2024, per Notification No. 24/2024.</h1> The Central Board of Direct Taxes, under the Ministry of Finance, has issued Notification No. 24/2024, dated March 1, 2024, amending the Income-tax Rules, 1962. This amendment introduces a new Form ITR-7, which will replace the existing form in Appendix-II of the Income-tax Rules. These changes, authorized by sections 139 and 295 of the Income-tax Act, 1961, will take effect from April 1, 2024. The notification is part of the broader Income-tax (Third Amendment) Rules, 2024.
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