New ITR Forms Out: ICAI’s 2025 Fee Guidelines for CAs Explained
The Income Tax Return (ITR) filing season for FY 2024–25 has officially begun with the release of new ITR forms by the Income Tax Department . Alongside this, the Institute of Chartered Accountants of India (ICAI) has issued fresh advisory fee guidelines for Chartered Accountants (CAs) across India. These new developments directly impact taxpayers, businesses, and professionals involved in income tax filing, compliance, and advisory services. This blog provides a detailed overview of the changes in ITR forms , ICAI's 2025 fee advisory , and what it means for Chartered Accountants and their clients . 1. Overview: New ITR Forms for AY 2025–26 The Central Board of Direct Taxes (CBDT) has released revised ITR forms applicable for the assessment year 2025–26. Here are some notable changes: ✅ Major Highlights of the New ITR Forms Simplified ITR-1 (Sahaj) for salaried individuals with income up to ₹50 lakh New fields for crypto income and foreign assets Mandatory disclosur...