In February this year, the Income Tax Department issued the ITR forms for individuals, Hindu Undivided Families, businesses, and others for 2022-23 fiscal. Last year, such forms were notified in the first week of April.
New Tax Regime Vs Old Tax Regime: Two people with the same salary might have different quantum of deductions, and hence their choice of tax regime could be different.
Making sure your ITR is error-free can help you avoid penalties, income tax audits, and the need to file a revised ITR. You will also increase the likelihood that your ITR will be accepted.