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. The provisio...

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9 Instances in Which an Individual Must File Income Tax Return

Income Tax - Every individual has to declare his income with the Income Tax Department. Such declaration is required to be furnished in the prescribed Form known as Return of Income within due date as prescribed under the Income-tax Act, 1961 (“the Act). The Form depend upons the nature of the income of the taxpayer. CBDT vide Notification […...

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Tax Return and Points to keep in mind

Income Tax - First of all, Congratulations and thanks for being a handful of asseessee who has opted to file income tax return. You would be proud to know that taxes you pay is utilized for the development of the nation’s development, so you are part of development. With ITR date approaching, we too should get ready with […]...

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Income Tax Return Filing AY 22-23 | Slab Rates | Due Dates & Relevant ITR Forms

Income Tax - Who need to file Income Tax Return? As Per Section 139 of Income Tax Act, It is mandatory to file an ITR in the following circumstances: – ♦ In case of Individuals, If your Gross Total Income (i.e., Income before allowing any deductions under Section 80C to 80U) exceeds Age of the Assessee Tax Slab […]...

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Key Changes in Income Tax Returns (ITRs) for AY 2022-23

Income Tax - The CBDT Vide its notification no 21/2022 dated 30/03/2022 has notified the Income-tax Return (ITR) Forms (‘New ITR Forms’) for the Assessment Year 2022-23  [Forms SAHAJ ITR-1, ITR-2, ITR-3, SUGAM ITR4, ITR-5, ITR-6, ITR-V and ITR- Ack] . There are many changes in the ITR forms which are consequential to the amendments made by the ...

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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"

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. The provisio...

Read More
Posted Under: Income Tax |

9 Instances in Which an Individual Must File Income Tax Return

Every individual has to declare his income with the Income Tax Department. Such declaration is required to be furnished in the prescribed Form known as Return of Income within due date as prescribed under the Income-tax Act, 1961 (“the Act). The Form depend upons the nature of the income of the taxpayer. CBDT vide Notification […...

Read More
Posted Under: Income Tax | ,

Tax Return and Points to keep in mind

First of all, Congratulations and thanks for being a handful of asseessee who has opted to file income tax return. You would be proud to know that taxes you pay is utilized for the development of the nation’s development, so you are part of development. With ITR date approaching, we too should get ready with […]...

Read More
Posted Under: Income Tax | ,

Income Tax Return Filing AY 22-23 | Slab Rates | Due Dates & Relevant ITR Forms

Who need to file Income Tax Return? As Per Section 139 of Income Tax Act, It is mandatory to file an ITR in the following circumstances: – ♦ In case of Individuals, If your Gross Total Income (i.e., Income before allowing any deductions under Section 80C to 80U) exceeds Age of the Assessee Tax Slab […]...

Read More
Posted Under: Income Tax |

Key Changes in Income Tax Returns (ITRs) for AY 2022-23

The CBDT Vide its notification no 21/2022 dated 30/03/2022 has notified the Income-tax Return (ITR) Forms (‘New ITR Forms’) for the Assessment Year 2022-23  [Forms SAHAJ ITR-1, ITR-2, ITR-3, SUGAM ITR4, ITR-5, ITR-6, ITR-V and ITR- Ack] . There are many changes in the ITR forms which are consequential to the amendments made by the ...

Read More
Posted Under: Income Tax | ,

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 […]...

Read More
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...

Read More
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 ...

Read More
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...

Read More
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 |

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