ITR filing for 2018-19: Income tax provisions in India allow individual taxpayers to save tax under various sections. But sometimes taxpayers (salaried individuals) fail to claim all deductions while declaring their investments.
The Income Tax Department today launched and activated all the seven ITR forms for e-filing by taxpayers, after more than a month of them being notified.
The tax department has uploaded the new income tax return (ITR) Form1 or Sahaj for the financial year 2017-18 on its e-filing website. This is the form that is used by most of the salaried class to file their ITRs.
The new ITR-2 form requires tax payers to furnish the PAN of the tenant while providing details of income from house property, if available.
The income tax department recently notified income tax return (ITR) forms for the financial year 2017-18 (assessment year 2018-19). A one-page simplified ITR Form-1 (Sahaj) has been notified.
Issue of Income Tax Form 16 to Pensioners by Bank - Issue Certificate of Tax Deducted in Form 16 to the Pensioners - CBDT Clarification
Salary Income Tax - CBDT introduces new Income Tax Return Forms for AY 2017-18 - Introduces one page simplified ITR Form-1(Sahaj)