The income tax department has notified the income tax return (ITR) forms for FY 2021-22 or AY 2022-23. An assessment year (AY) is the year followed by the financial year and AY is the year in which income earned by an individual during the FY is reported to the government and taxes are paid accordingly. For FY2021-22, no major changes have been made in the ITR forms. However, few changes have been made which require the taxpayer to provide additional information while filing ITR. Here is a look at the additional information you are required to provide while filing your income tax return this year.
