Changes in ITR form V and Acknowledgement for A.Y 2024 25

The Ministry of Finance, through Notification No. 37/2024, has introduced significant amendments to the Income-tax Rules, 1962, impacting the ITR Form V and Acknowledgement for Assessment Year 2024-25. These changes, in line with the provisions of the Income Tax Act, 1961, necessitate a closer examination of the filing process and its implications.