Simplified Income Tax Returns – ITR-1, ITR-2, ITR-2A

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…

Non-Residents, Private Discretionary Trusts -Exempted from E-filing of ITR

Rule 12 of the Income-tax Rules, 1962 mandates that an individual or Hindu undivided family, if his or its total income or the total income in respect of which he is or it is assessable under the Act, during the previous year, exceeds ten lakh rupees, shall furnish the return electronically for the assessment year 2012-13 and subsequent assessment years.