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 [...]

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-3 Form

By | 2018-08-08T11:10:02+00:00 June 15th, 2016|Categories: Income tax basics|Tags: , , |

Structure of ITR-3 Form   ITR-3 Form The ITR-3 Form especially applies to those Individuals and Hindu Undivided Families who are enlisted as partners in a firm. According to Rule 12 of the Income Tax Rules, 1962, the ITR-3 does not apply to the individuals who are proprietors of a firm. Mainly, it is for the [...]

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. [...]

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 [...]

ITR-7 Form

By | 2018-08-08T08:56:54+00:00 June 10th, 2016|Categories: Income tax basics|Tags: , , , |

Read the article below to know all about ITR-7 and when to fill it What is ITR-7 FORM? ITR-7 Form is used to file income returns by all individuals and companies that come under Sections: 139(4A), 139(4B), 139(4C) OR 139(4D). It can also be filed by those whose income is for the charity/religious offerings, news organizations, [...]

E-Filing with Multiple Form 16s

By | 2018-08-08T08:43:20+00:00 June 10th, 2016|Categories: Income Tax Guide|Tags: , , |

How to e-file with multiple form 16s?   Introduction Income Tax Form 16 is a form in which an employee collects from its employer. It certifies that the TDS on the salary of the employee has been deducted by the employer. It is mandatory for the employer to issue a Form 16 to its employee before [...]

Know about ITR-4 Form

By | 2018-08-08T08:17:09+00:00 June 9th, 2016|Categories: Income tax basics|Tags: , , |

ITR-4 Form HUF (Hindu Undivided Family) and individuals who earn their income from proprietary business or those who are carrying on a profession need an ITR-4 Form to file their Income Tax Return online. For audit cases, the due date to file the return using ITR-4 form is 30th September whereas for non-audit cases it is [...]

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 [...]

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 [...]