ITR E-Filing Guide

By | 2018-08-08T12:34:24+00:00 June 20th, 2016|Categories: Income Tax Guide|Tags: , |

ITR E-Filing   What is e-Filing? E-filing simply means to file your income tax return electronically (online). Earlier most people used to physically E-file ITR in India by going to income tax department. But as the digital era came, majority of people started to file returns online. It is far easier and less tiring. It does not [...]

All you need to know about ITR 2 Form

By | 2018-08-08T12:32:18+00:00 June 16th, 2016|Categories: Income tax basics|Tags: , |

ITR Form 2   The Income Tax Department has introduced a form called ITR 2 Form. This is mainly for Individuals and Hindu Undivided Families who does not possess any income from business or any profession rather than income received from more than a single property. It is very much comprehensive form than ITR 2A. And [...]

ITR 2A Form

By | 2018-08-08T12:30:06+00:00 June 16th, 2016|Categories: Income tax basics|Tags: , , |

Know about ITR 2A Form   An Introduction ITR 2A Form has been introduced from Assessment Year 2015-16 by the Income Tax Department in order to avoid the problems faced by the taxpayers while filing their tax returns with ITR-1 and ITR-2.   When to File ITR 2A Form ITR-2A can be filed by an individual/HUF (Hindu [...]

ITR-1 Sahaj Form

By | 2018-08-08T11:09:12+00:00 June 15th, 2016|Categories: Income tax basics|Tags: , , , |

 ITR-1 Form The ITR-1 Form, also known as ITR-1 Sahaj Form is an essential form for salaried individuals of India which is issued by Income Tax Department for income tax return filing. Every citizen is obligated to file returns at the end of financial year with the Income Tax Department. It should be filed before the due date. [...]

Income Tax for NRIs

By | 2018-08-08T12:41:24+00:00 June 15th, 2016|Categories: Income tax basics|Tags: , , |

Income Tax A person will only be considered a resident of India for a financial year if he is in India for 182 days (6 months) or if you are in India for 60 days in the previous year and have lived for 365 days in the past four years. For an Indian citizen working abroad [...]

How to file Income Tax Return

By | 2018-08-08T08:34:19+00:00 June 9th, 2016|Categories: Income Tax Guide|Tags: , , |

A Tour Guide to e-file Income Tax Return   Introduction : People have started filing and e-filing Income Tax Return (ITR) and the last date for the same is the 31st of July. So, for those of you who are new at this or those who want to know more about the how’s and where’s, we’re [...]

ITR Form 6

By | 2018-08-08T08:25:03+00:00 June 9th, 2016|Categories: Income tax basics|Tags: , |

Know More About ITR Form 6   ITR form 6 is one of the Income Tax Return filing forms to be used by companies other than those companies who have claimed exemption under section 11 (income from property is used on charitable and religious purpose). Instructions to file ITR 6: If any schedule is not applicable, then [...]

ITR Form 2A

By | 2018-08-08T08:12:23+00:00 June 9th, 2016|Categories: Income tax basics|Tags: , , |

All you need to know about ITR Form 2A   The Income Tax Department has initiated a new form called ITR  Form 2A. This is mainly for Individuals and Hindu Undivided Families who is a salaried income and owns more than a house and does not have profits in the equity markets. ITR 1 is a [...]

What is Income Tax Notice?

By | 2018-08-08T08:08:06+00:00 June 9th, 2016|Categories: Income tax basics|Tags: , , |

Understanding Income Tax Notice Getting an Income Tax notice from the Income Tax department is a big deal for many and can be quite stressful. But to say the truth it is over hyped at times. Hearing from the department is not always a bad thing. Sometimes, it may be good news like some money being [...]

ITR Form 2

By | 2018-08-08T08:02:49+00:00 June 9th, 2016|Categories: Income tax basics|Tags: , , |

All you need to know about ITR – Form 2 The Income Tax Department has initiated a form called ITR Form 2. This is mainly for Individuals and Hindu Undivided Families who do not possess any income from business or any profession rather than income received from more than a single property. It is very much [...]