The deadline for filing Forms 10B and 10BB has been pushed to October 31, 2023. Additionally, the due date for ITR-7 has been extended to November 30, 2023.

The process of filing an Income Tax Return (ITR) is mandatory for individuals and businesses as it involves reporting income and fulfilling tax obligations to the government. This procedure necessitates submitting essential financial details and relevant documents to the Income Tax Department.

Central Board of Direct Taxes CBDT has announced income tax returns forms (ITR-1 to ITR-6) for AY 2023-24 (FY 2023-23). The CBDT has notified ITR-1 to ITR-6 on 10 February 2023 and ITR-7 on 14th February 2023. However, No big amendments are made to ITR forms by the government.

Till FY 2013-14, form 26QB could not be revised to rectify any kind of errors in information.