How to revise your income tax return

By | 2018-08-08T08:07:27+00:00 June 29th, 2016|Categories: Income Tax Guide, Tax Savings|Tags: , |

File Revised Income Tax Return   Income tax return is a statement of earning from all different sources of income, liability of tax arising therefrom, details of payment of tax and any refunds that have to be made by the government. In order to provide sufficient time to people paying tax, the deadline to furnish these [...]

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 [...]

With the help of evc, E-verify your Individual Return

By | 2018-08-08T11:07:31+00:00 June 15th, 2016|Categories: Income Tax Guide|Tags: , , |

E-verify your ITR   EVC refers to electronic verification code. It is a 10 digit alphanumeric code that is unique to a PAN card and generated to verify the individual return electronically. It can be generated through e-Filing portal and is valid for 72 hours. If it is generated through Aadhar Card, it is only valid [...]

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 [...]

Can I submit past years income tax return?

By | 2018-08-08T07:58:27+00:00 June 9th, 2016|Categories: Income Tax Guide|Tags: , , |

No worries if you miss ITR filing! File your past year's Income tax return now!!! Online filing is an acute and a faster way of income tax return filing. But sometimes we overlook to file about ITR and always there is a question “can I file it now?" The utmost date for filing an ITR for [...]

Types of Income Tax Return and preparation of your own ITR

By | 2018-08-08T07:56:19+00:00 June 9th, 2016|Categories: Income tax basics|Tags: , , , |

Types of Income Tax Return and preparation of your own ITR Every Individual who is liable to pay taxes and have an income of more than Rs. 5 lakh is compulsory to deposit their income tax return by Income tax return online. The different forms of ITR are given in detail below, and based on the income [...]

Income Tax Return Filing – Documents required

By | 2018-08-08T07:53:54+00:00 June 9th, 2016|Categories: Income tax basics|Tags: , , |

Income Tax Return Filing – Documents required Every citizen who is payable to taxes should file income tax returns. To file ITR online, you will need a set of documents and this changes from person to person respective of their income and Tax Slabs. Here is mentioned the list of all essential documents for the filing of [...]