Income tax Return Filing Tips

Income tax return filing in case of Futures & Options (F&O) trading

Income Tax - Question: How to file income tax return in case of profit/loss from F&O trading? Do we get our accounts audited in case of loss from F&O Trading? I will try to answer all questions relating to F&O Trading through this article so that it can be of help to people in filing income tax returns. ...

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ITR e-Filing Process, Password, Registration, Due Date, Applicability

Income Tax - What are the steps in brief to upload the tax returns on this website? I have forgotten my password. What is to be done to retrieve it ? What to do if there is an INTERNAL ERROR at the time of registration? In case, taxpayer has entered the wrong email-id during registration and taxpayer is not able to activate its user id, what is to be...

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Six Options to reset Income Tax E-filing portal password

Income Tax - In case Taxpayer forgets E-filing Portal Password, the same can be reset using 'Forgot Password > Reset' option available at portal. Following six alternatives are available for resetting Password:-...

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Rectification of Income Tax Return, Related issues & Solution

Income Tax - Rectification has become easy since switchover to online but it has its own limitation. In this article I will be covering almost every point related to rectification in terms of: 1. Online request for rectification. 2. Required information before filing a rectification application. 3. Mistakes committed while filing a rectification. 4. N...

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Rectification Request in case of e-filed I-T Return – FAQs

Income Tax - Article deals with FAQ related to Rectification of errors in case of return filed online. The article explains about how to file Rectification request, what if you get error in filing rectification u/s 154, What if demand been wrongly raised or refund been processed at lesser amount....

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Match Incomes/ Receipts & deduction claimed with Form 16/16A

Income Tax - Taxpayer Submitting Income Tax Return for Assessment year 2017-18 to ensure Incomes/Receipts and deduction claimed matches with Form 16/16A issued by deductor ...

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Requirement to quote Aadhaar in ITR not applicable to Non Resident

Income Tax - Section 139AA of the Income-tax Act, 1961 as introduced by the Finance Act, 2017 provides for mandatory quoting of Aadhaar / Enrolment ID of Aadhaar application form, for filing of return of income and for making an application for allotment of Permanent Account Number with effect from 1st July, 2017. ...

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Dual factor authorization to secure Income Tax E-filing account

Income Tax - In order to ensure that taxpayers are able to secure their E-filing account against any fraudulent attempts, the Income Tax Department has introduced a new facility called the E-filing Vault. In order to use this facility, taxpayers can log in to their E-filing Account and under their profile page select E-filing Vault – higher security...

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Login to Income Tax E-filing Account from your Bank Account

Income Tax - Income Tax Department is happy to announce the facility of Direct Login from Corporation Bank, Union Bank of India and Oriental Bank of Commerce – Net banking account to the taxpayer’s E-filing Account. Other banks are expected to follow....

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Avoid Last Minute Rush; Pay IT in Advance at Bank Branches

Income Tax - Avoid Last Minute Rush; Pay IT in Advance at Bank Branches/RBI: RBI appeals to Public The Reserve Bank of India has appealed to public to avoid last minute rush and remit their Income-tax dues sufficiently in advance of the due date of September 30, 2013. It has also urged the assessees to take advantage of […]...

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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"

Income tax return filing in case of Futures & Options (F&O) trading

Question: How to file income tax return in case of profit/loss from F&O trading? Do we get our accounts audited in case of loss from F&O Trading? I will try to answer all questions relating to F&O Trading through this article so that it can be of help to people in filing income tax returns. ...

Read More

ITR e-Filing Process, Password, Registration, Due Date, Applicability

What are the steps in brief to upload the tax returns on this website? I have forgotten my password. What is to be done to retrieve it ? What to do if there is an INTERNAL ERROR at the time of registration? In case, taxpayer has entered the wrong email-id during registration and taxpayer is not able to activate its user id, what is to be...

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Six Options to reset Income Tax E-filing portal password

In case Taxpayer forgets E-filing Portal Password, the same can be reset using 'Forgot Password > Reset' option available at portal. Following six alternatives are available for resetting Password:-...

Read More
Posted Under: Income Tax |

Rectification of Income Tax Return, Related issues & Solution

Rectification has become easy since switchover to online but it has its own limitation. In this article I will be covering almost every point related to rectification in terms of: 1. Online request for rectification. 2. Required information before filing a rectification application. 3. Mistakes committed while filing a rectification. 4. N...

Read More
Posted Under: Income Tax | ,

Rectification Request in case of e-filed I-T Return – FAQs

Article deals with FAQ related to Rectification of errors in case of return filed online. The article explains about how to file Rectification request, what if you get error in filing rectification u/s 154, What if demand been wrongly raised or refund been processed at lesser amount....

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Posted Under: Income Tax | ,

Income Tax e-Filing DSC management utility

Taxpayers have recently faced problems in using the Digital Signature Certificate for Signing through browser at the time of uploading their Income Tax Return. This is because the latest browser versions have started disabling the standard way in which browser support plug-in functions to address security. Hence Java applets that were use...

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How You Can Correctly File Your Personal Income Tax Returns in India

July 31st is the last date in every year for filing one’s income tax returns for both resident and non-resident salary receiving individuals and also for people who are partners in firms with turnovers of less than an amount of Rs.1 Crore. Thus this is indeed a taxing process, and you can learn more about it as you keep reading on!...

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10 Common Mistakes People make when filing Income Tax Returns

The season of filing of tax return is here. This year all those who have taxable income are required to file their return. Also those with income above Rs five lakhs have to compulsorily e-file their return. Its very important to file error free Income tax Return to avoid future problems. Lets see the most commonly committed mistakes thos...

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20 FAQs on AADHAAR Number Linking in ITD e-Filing website

In this article we compiled information / How to register Aadhaar in ITD e-Filing website, Solution to errors in linking of Aadhaar, Aadhaar in case of HUF/Corporate login, reset password through Aadhaar, Validity of OTP sent from Aadhaar database, How to check Aadhaar number linking, Is it mandatory to link Aadhaar number, De – Lin...

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Simple steps to file Income Tax Return (ITR) online

Last date for filing Income tax return for financial year 2018-19 is 31st March, 2020. Filing of selected Financial Year is not possible after 31st March, 2020. Due date of Income Tax filing for Financial Year 2019-20 for individuals is 31st July, 2020 (Non audited) and Audited 30th September, 2020. 9 steps to file Income […]...

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Posted Under: Income Tax |

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