Income tax Return Filing Tips

Master Guide on filing of income Tax Return

Income Tax - The taxpayer has to communicate the details of his taxable income/loss to the Income–tax Department. These details are communicated to the Income–tax Department in the form of return of income. In this part you can gain knowledge about various provisions and procedure relating to furnishing (i.e. filing) the return of income. ...

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Section 194P Return filing exemption for Senior Citizen aged 75 Year or more

Income Tax - Section 194P Conditional Relaxation for senior citizens who are of the age of 75 year or above from filing return of income-tax under Union Finance Bill 2021/ Budget 2021. Section 139 of the Act provides for filing of return of income. Sub-section (1) of the section provides that every person being an individual, if his […]...

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How to use Java based ITR software utility without MS Excel 2010 or later

Income Tax - Note on how to use Java based software utility available for download, where taxpayer does not have MS Excel versions 2010 or later Income Tax department, in its endeavor to cater to different needs of Tax payers to file Income Tax Returns/Statutory Forms, has provided both Online and Offline utilities (Java and Excel Utilities) to [&hell...

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Income Tax Filing Errors which can Increases burden on Your Pocket

Income Tax - While filing Income Tax Returns, many people make errors which can result in a huge amount of penalty and interest which becomes an additional cost to the taxpayer.  We are discussing herewith some common errors that a taxpayer can commit while submitting an Income Tax Return. 1. Non submission of Income Tax Return if TDS […]...

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Common Errors while Filling, validating or uploading ITR

Income Tax - Why do I get an error message at the time of submission/uploading of return ? What is to be done if taxpayer get NULL error, while uploading the xml file ? I have saved the xml file in my computer but while uploading system is giving the error “Cannot read the xml file? What should I do ? What to do when there is an Error in uploading ...

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Instructions for filling ITR-3 For A.Y. 2021-22 | F.Y. 2020-21 | Part II

Income Tax - Annexure 1 Important points to remember while filing return of income in ITR utility for ITR-3 (online or offline) Validation Rules The validation process at e–Filing/CPC end is to be carried out for ITRs based on the category of defect. Category A defect are the defects, wherein return will not be allowed to be uploaded […]...

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Instructions for filling ITR-3 For A.Y. 2021-22 | F.Y. 2020-21 | Part I

Income Tax - Instructions to Form ITR-3 (A.Y 2021-22) Instructions for filling out FORM ITR–3 These instructions are guidelines for filling the particulars in Income-tax Return Form-3 for the Assessment Year 2021-22 relating to the Financial Year 2020-21. In case of any doubt, please refer to relevant provisions of the Income-tax Act, 1961 and t...

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Instructions for filling ITR-7 For A.Y. 2021-22 | F.Y. 2020-21

Income Tax - Instructions to Form ITR-7 (A.Y. 2021-22) Instructions for filling out Form ITR–7 These instructions are guidelines for filling the particulars in Income-tax Return Form-7 for the Assessment Year 2021-22 relating to the Financial Year 2020-21. In case of any doubt, please refer to relevant provisions of the Income-tax Act, 1961 and ...

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Instructions for filling ITR-6 For A.Y. 2021-22 | F.Y. 2020-21

Income Tax - These instructions are guidelines for filling the particulars in Income‐tax Return Form‐6 for the Assessment Year 2021‐2 relating to the Financial Year 2020‐21. In case of any doubt, please refer to relevant provisions of the Income‐tax Act, 1961 and the Income tax Rules, 1962. 1. Assessment Year for which this Return Form is ap...

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Instructions for filling ITR-5 For A.Y. 2021-22 | F.Y. 2020-21

Income Tax - These instructions are guidelines for filling the particulars in Income-tax Return Form-5 for the Assessment Year 2021-22 relating to the Financial Year 2020-21. In case of any doubt, please refer to relevant provisions of the Income-tax Act, 1961 and the Income-tax Rules, 1962. 1. Assessment Year for which this Return Form is applicable ...

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19 FAQs on filling of ITR forms for Assessment Year 2019-20

Circular No. 18/2019-Income tax - (08/08/2019) - After notification of the ITR forms various queries have been raised by the stakeholders in respect of filling-up of the ITR forms. In order to address such queries, following clarifications are issued. —...

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Generate EVC for e-filing of ITR by giving Bank/ Demat A/c details

Notification No. 1/2016 - (19/01/2016) - Notification No. 1/2016 Where the EVC (Electronic Verification Code) is generated by giving bank details to the e-filing website https://incometaxindiaefiling.gov.in or Where the EVC (Electronic Verification Code) is generated after Demat account authentication using Demat details registered with CD...

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e-filed Return of Income for A.Y. 2013-2014 and 2014- 2015 can also be verified through EVC

2251141/2015/ITA.II - (20/07/2015) - The Central Board of Direct Taxes has vide Notification No. 41/2015 dated 15.04.2015 in cases of categories of 'persons' specified therein, has introduced Electronic Verification Code ('EVC') as one of the modes for validation of return of income which are filed electronically on or after 01.04.20...

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Exemption to Salaried Employees from Filing of I-T Returns for A.Y. 2012-13

PRESS RELEASE [NO. 402/92/2006-MC (15 OF 2012)] - (20/07/2012) - Central Board of Direct Taxes (CBDT) vide its Notification No. 9/2012 dated 17th February, 2012 has exempted salaried employees from the requirement of filing the returns for assessment year 2012-13. The exemption is applicable only if all the following conditions are fulfilled:- • Employee has ea...

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Recent Posts in "Income tax Return Filing Tips"

Instructions for filling ITR-3 For A.Y. 2021-22 | F.Y. 2020-21 | Part II

Annexure 1 Important points to remember while filing return of income in ITR utility for ITR-3 (online or offline) Validation Rules The validation process at e–Filing/CPC end is to be carried out for ITRs based on the category of defect. Category A defect are the defects, wherein return will not be allowed to be uploaded […]...

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Posted Under: Income Tax |

Instructions for filling ITR-3 For A.Y. 2021-22 | F.Y. 2020-21 | Part I

Instructions to Form ITR-3 (A.Y 2021-22) Instructions for filling out FORM ITR–3 These instructions are guidelines for filling the particulars in Income-tax Return Form-3 for the Assessment Year 2021-22 relating to the Financial Year 2020-21. In case of any doubt, please refer to relevant provisions of the Income-tax Act, 1961 and t...

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Posted Under: Income Tax |

Instructions for filling ITR-7 For A.Y. 2021-22 | F.Y. 2020-21

Instructions to Form ITR-7 (A.Y. 2021-22) Instructions for filling out Form ITR–7 These instructions are guidelines for filling the particulars in Income-tax Return Form-7 for the Assessment Year 2021-22 relating to the Financial Year 2020-21. In case of any doubt, please refer to relevant provisions of the Income-tax Act, 1961 and ...

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Posted Under: Income Tax |

Instructions for filling ITR-6 For A.Y. 2021-22 | F.Y. 2020-21

These instructions are guidelines for filling the particulars in Income‐tax Return Form‐6 for the Assessment Year 2021‐2 relating to the Financial Year 2020‐21. In case of any doubt, please refer to relevant provisions of the Income‐tax Act, 1961 and the Income tax Rules, 1962. 1. Assessment Year for which this Return Form is ap...

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Posted Under: Income Tax |

Instructions for filling ITR-5 For A.Y. 2021-22 | F.Y. 2020-21

These instructions are guidelines for filling the particulars in Income-tax Return Form-5 for the Assessment Year 2021-22 relating to the Financial Year 2020-21. In case of any doubt, please refer to relevant provisions of the Income-tax Act, 1961 and the Income-tax Rules, 1962. 1. Assessment Year for which this Return Form is applicable ...

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Posted Under: Income Tax |

Instructions for filling ITR-4 SUGAM for A.Y. 2021-22 | F.Y. 2020-21

Instructions for filling ITR-4 SUGAM For A.Y. 2021-22 | F.Y. 2020-21 General Instructions These instructions are guidelines to help the taxpayers for filling the particulars in Income-tax Return Form-4 for the Assessment Year 2021-22 relating to the Financial Year2020-21. In case of any doubt, please refer to relevant provisions of the In...

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Posted Under: Income Tax |

Instructions for filling out FORM ITR-2 For A.Y. 2021-22 | F.Y. 2020-21

Instructions for filling out FORM ITR–2 For A.Y. 2021-22 | F.Y. 2020-21 These instructions are guidelines for filling the particulars in Income-tax Return Form-2 for the Assessment Year 2021-22 relating to the Financial Year 2020-21. In case of any doubt, please refer to relevant provisions of the Income-tax Act, 1961 and the Income...

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Posted Under: Income Tax |

Instructions for filling ITR-1 SAHAJ For A.Y. 2021-22 | F.Y. 2020-21

Instructions for filling ITR–1 SAHAJ For A.Y. 2021–22\ F.Y. 2020-21 General Instructions These instructions are guidelines to help the taxpayers for filling the particulars in Income-tax Return Form-1 for the Assessment Year 2021-22 relating to the Financial Year 2020-21. In case of any doubt, please refer to relevant provisio...

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Posted Under: Income Tax |

Master Guide on filing of income Tax Return

The taxpayer has to communicate the details of his taxable income/loss to the Income–tax Department. These details are communicated to the Income–tax Department in the form of return of income. In this part you can gain knowledge about various provisions and procedure relating to furnishing (i.e. filing) the return of income. ...

Read More
Posted Under: Income Tax |

Section 194P Return filing exemption for Senior Citizen aged 75 Year or more

Section 194P Conditional Relaxation for senior citizens who are of the age of 75 year or above from filing return of income-tax under Union Finance Bill 2021/ Budget 2021. Section 139 of the Act provides for filing of return of income. Sub-section (1) of the section provides that every person being an individual, if his […]...

Read More
Posted Under: Income Tax |

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