Linking of Aadhaar with PAN is must for existing PAN holders – Supreme Court upholds Income Tax Provision by which declaring Aadhaar details in Income Tax Return is mandated
Income Tax Department, Govt of India Income Tax Returns – Frequently Asked Questions – Do’s and Dont’s published by Income Tax Department
Simple One Page Income Tax Return – Finance Minister reduces the tax rate from 10 to 5 per cent for individual income between Rs 2.5 to Rs 5 lakh.
CBDT definition for Tax Structure and rates of Income-Tax as per Finance Act, 2016 – Ministry of Finance Circular dated 02.01.2017
Advantages and Need for filing NIL Income Tax Return – To show proof of Income, to get refund of TDS and to carry forward loss if any
Returns can be verified either electronically modes such as Aadhaar OTP, net banking, bank account number etc., or by sending the physical ITR-V to CPC, Bengaluru
Income Tax Returns for financial year 2015-16 (FY16) are due to be filed by 31 July 2016. Significant changes have been brought in the forms applicable for FY16.
It becomes even more challenging in case of ancestral property or gifts that you get through inheritance. How can you estimate the value of something that has been purchased years ago?
Last date for filing Income Tax Return was revised already from 31st July 2015 to 31th Aug 2015 and then to 7th September 2015. Now, the present circular conveys that ITRs which are due by 30th September will have to be filed in time and that no further extension of last date will be provided
Easy tutorial for filing Income Tax Return online – Procedure for using offline excel utility for filing ITR and quick e-file facility (online interface) for filing ITR-1 and ITR-4S
Before starting registration for E-filing ITR keep a mobile number and email id ready as confirmation of registration is a two step process i.e code received through SMS to be entered in the activation link received in E-mail
What are different types of Income Tax Return (ITR) ? How to file ITR Online ? How to submit ITR in Paper form? Should I send the signed copy of ITR-V if I file Income Tax Return Online? How to verify Income Tax amount paid in my account (TDS) ?
Simplified Income Tax Returns – ITR-1, ITR-2, ITR-2A and 4S for the Financial Year 2014-15 (Assessment Year 2015-16) UPDATE 23.06.2015: Income Tax Department has released simplified ITR-1, ITR-2, ITR-2A for 2014-15 – Click here for details ITR-1, ITR-2 and other Income Tax Returns for the Income Tax Assessment year 2015-16 (Financial Year 2014-15) were originally […]
Last Date for filing of Income Tax Return Extended to 31st August 2015 – ITR 1, 2 and 4S Simplified for Convenience of the Tax Payers Press Information Bureau Government of India Ministry of Finance 31-May-2015 13:53 IST Income Tax Return Forms ITR 1, 2 and 4S Simplified for Convenience of the Tax Payers; A […]
Income Tax ITR-2 form will be revised based on representations made by MPs, Industry and taxpayers – Finance Minster