The CBDT has notified the new Form for Income Tax Return (ITR-7) for the Assessment Year 2024-25.
One of the new requirements in ITR-7 under “Schedule-J” which explicitly requires reporting of application from the Corpus made on or after 1-Apr-2021, or if an application from any loan or borrowing is made on or after 1-Apr-2021, provided such amount was earlier applied but not claimed as an application.