File Income Tax return electronically for Assessment Year 2019-20 (FY 2018-19) For the Assessment Year 2019-20 (FY 2018-19), every taxpayer has to file the income-tax return electronically except a super senior citizen (whose age is 80 years or above during the previous year 2018-19) who furnishes the return either in ITR-1 or ITR-4. The option… Read More »
The Central Board of Direct Taxes ( CBDT ) has informed that the taxpayers who could not file their income tax returns for A.Y. 2018-19, can still file the same, but with a late fee of Rupees Ten Thousand. The Board also prescribed the following three simple steps to file the returns. Step 1: Register… Read More »
New Process to Revise Income Tax Return आयकर रिटर्न को Revise करने का तरीका बदल गया
Changes in Income Tax Return for AY 2018-19 /FY 2017-18 : Income Tax News [ Part 34] CBDT notifies Income Tax Return Forms for AY 2018-19 Which ITR Form to be filed for AY 2018-19 : Guide
CBDT extends the due date for filing income tax returns for the State of Jammu & Kashmir As per provisions of Section 119 of Income-tax Act, 1961(‘Act’) , Central Board of Direct Taxes extends the due date for filing income-tax returns from 31st July, 2016 to 31st August ,2016 , in case of Income-tax assessees… Read More »
Changes in ITR Form AY 2016-17 1. Changes in ITR Form AY 2016-17 if Earning Above Rs 50 Lakh : Declaration of value of assets and liabilities by Individuals/HUF New Schedule has been introduces in ITR 1, 2, 2A, 3, 4, 4S requiring individuals/HUFs to declare the value of assets and liabilities if their total income… Read More »
INCOME-TAX (NINTH AMENDMENT) RULES, 2016 AMENDMENT IN RULE 12 AND SUBSTITUTION OF FORMS SAHAJ (ITR-1), ITR-2, ITR-2A, ITR-3, SUGAM (ITR-4S), ITR-4, ITR-5, ITR-6, ITR-7 AND ITR-V NOTIFICATION NO. SO 1262(E) [NO.24/2016 (F.NO.370142/2/2016-TPL)], DATED 30-3-2016 In exercise of the powers conferred by section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of… Read More »
Issue Assessing officer has erred in law and on facts in computation of the eligible MAT credit available of Rs. 3,90,62,234 without including surcharge and education cess while arriving at the amount of total tax payable under the normal provisions of the Income Tax Act, 1961 and under sec. 115JB of the Act. Held Assessee… Read More »
Income Tax Return : Common Questions and Answers What is Income Tax Return ? It is a prescribed form through which the particulars of income earned by a person in a financial year and taxes paid on such income are communicated to the Income-tax Department. Different forms of returns of income are prescribed for filing… Read More »
How to file Income Tax Return Online Register With Income Tax Department To file Income tax return or to View your tax credit statement in Form 26AS you need to register yourself on the Income tax website https://incometaxindiaefiling.gov.in/ Now the Steps for filling online return are hereunder: Step 1: Open the Income Tax portal https://incometaxindiaefiling.gov.in/,… Read More »