Income Tax Return

KITBA request extension of return filing date for A.Y. 2017-18

Income Tax - KITBA has made a representation to CBDT Chairman for extending the period for filing return for Assessment Year 2017-18 under Section 139(4) of Income Tax Act, 1961 to 31.7.2018. ...

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Income Tax Returns Filing- Due date, Penalty, Applicable ITR & Amendments

Income Tax - Every Person if his total income or the total income of any other person in respect of which he is assessable under the Income Tax Act during the previous year exceeded the maximum amount which is not chargeable to income-tax shall on or before the due date, furnish a return of his income or the income of such other person during the prev...

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Fee for delay in filing of Income Tax return w.e.f A.Y 2018-19

Income Tax - Fee for delayed filing of Income Tax Return return under Section 234F of Income Tax Act, 1961 (Applicable w.e.f 01.04.2018 i.e for A.Y 2018-19)...

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Income Tax and TDS Password Format with Examples

Income Tax - Many of us get confused while opening the PDF downloaded/received from various government sites. The Income tax and TDS Site also contain many documents which require different type of Passwords to open the PDF downloaded/received from the respective sites. One person cannot remember all types of PDF passwords because the passwords are ne...

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Key Changes in ITR Forms for the AY 2018-19

Income Tax - ♦ Notified ITR Forms for the AY 2018-19 AND applicability ITR – 1 (Sahaj) Individuals being a resident other than not ordinarily resident having Income from Salaries, one house property, other sources (Interest etc.) and having total income upto Rs.50 Lakh ITR – 2 Individuals and HUFs not having income from profits and gains of [&he...

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6.84 crore Income Tax Returns (ITRs) filed during FY 2017-18

Income Tax - uring FY 2017-18, 6.84 crore Income Tax Returns (ITRs) were filed with the Income Tax Department as compared to 5.43 crore ITRs filed during FY 2016-17, showing a growth of 26%. There has been a sustained increase in the number of ITRs filed in the last four financial years. As compared to 3.79 crore ITRs filed in F.Y. 2013-14, the number...

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Auto fill of TDS data in Income Tax Returns (ITR)

Income Tax - Currently an assessee filing his income tax return needs to fill all the data manually wrt the taxes paid by him/ on his behalf (TDS) in excel utility. Since TDS returns are e-filed now days, an asseesee by manually punching the data relating to prepaid taxes like TDS is prone to committing errors....

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Income Tax e-Filing Helpline Numbers

Income Tax - Revised e-Filing Helpdesk number for General Queries related to Income Tax, Rectification, Refund, Intimation and other Income Tax Processing Related Queries, e-Filing of Income Tax Return or Forms and other value added services provided through e-Filing Portal, Form 16, Tax Credit (Form 26AS) and other queries related to TDS statement, F...

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CBDT Releases Income Tax Return Statistics for AY 2015-16

Income Tax - Central Board of Direct Taxes (CBDT) has been proactively releasing Time-series Data relating to Direct Tax collections, number of taxpayers, cost of collection etc., as also data of number of PAN allotted and data relating to distribution of income and tax payable in the returns filed for different Assessment Years....

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25% growth in number of Income Tax Returns filed

Income Tax - Press Information Bureau Government of India Ministry of Finance 07-August-2017 17:13 IST 25% growth noin number of Income Tax Returns filed in current fiscal Advance Tax (Personal Income Tax) collections up by 41% As a result of demonetization and Operation Clean Money, there is a substantial increase in the number of Income Tax Returns ...

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Formulate rational policy for processing IT Returns sent to AO: HC

Tata Projects Limited Vs. Deputy Commissioner of Income­ tax (Bombay High Court) - Yet again, Section 143(1D) of the Income Tax Act came under the scrutiny of a Constitutional Court. This time, it was the High Court of Bombay, which held categorically while considering many writ petitions in Tata Projects Limited vs. Deputy Commissioner of Income Tax Range 2(3)(2) & Ors., that Sec...

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Aadhaar Mandatory for filing IT Returns: Madras HC

Mr.Thiagarajan Kumararaja Vs Union of India (Madras High Court) - Those who are not PAN holders, while applying for PAN, they are required to give Aadhaar number. This is the stipulation of sub-section (1) of Section 139AA, which we have already upheld....

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Madras HC allows filing of IT return without insistence on Aadhar

Preeti Mohan Vs Union of India (Madras High Court) - Preeti Mohan Vs Union of India (Madras High Court) The petitioner before this Court is a practicing advocate and she has filed this writ petition praying for a direction to the ITO to allow her to file income tax returns for the assessment year 2017-18 either manually or through e-filing facility wi...

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Kerala HC allows IT Returns filing without Quoting of Aadhaar

Prasanth Sugathan Vs. Union Of India (High Court Of Kerala At Ernakulam) - Writ Petition (civil) praying inter alia that in the circumstances stated in the affidavit filed along with the WP(C) the High Court be pleased to issue an interim order, directing the respondents to allow the petitioner to file IT returns through e-filing or through Manual Filing without insisting ...

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Delay in filing return due to sufficient cause should be condoned

M/s Regen Infrastructure & Services Pvt. Ltd. Vs CBDT , CIT & ITO (Madras High Court) - The Hon'ble Madras High court in the above cited case held that in deciding the application for condonation of delay in filling return of income the approach of the CBDT should be justice oriented so as to advance the cause of justice....

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CBDT Releases ITR 1 to ITR 7 for Financial Year 2017-18 / A.Y. 2018-19

Notification No. 16/2018-Income Tax / G.S.R. 332(E) - (03/04/2018) - CBDT releases Forms Sahaj (ITR-1), Form ITR-2, Form ITR-3, Form Sugam (ITR-4), Form ITR-5, Form ITR-6, Form ITR-7 and Form ITR-V as applicable for Financial Year 2017-18 or Assessment Year 2018-19....

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AO should electronically process return pushed to it by CPC : CBDT

F.No. 225/53/2018/ITA.II - (28/03/2018) - The returns pushed to the Assessing Officer for processing by the CPC are required to be processed electronically on the ITBA. However, in exceptional circumstances, whenever returns cannot be processed because of technical difficulties in functioning of ITBA, in order to provide an uninterrupted ta...

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Processing of returns filed in F.Y. 2015-16 to get time barred on 31.03.2017

AST Instruction No. 143 - (17/03/2017) - As you are aware that returns furnished by the assesses during the FY 2015-16 are pending for processing u/s 143(1) and the limitation date for the same is 31.03.2017. ...

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Income Tax Return filing date in Jammu & Kashmir extended

F.No. 225/195/2016/ITA.II - (29/07/2016) - CBDT extends the 'due-date' for filing Returns of Income from 31st July, 2016 to 31st August, 2016, in case of Income-tax assessees in the State of Jammu & Kashmir who are required to file their return under section 139(1) of the Act by the said 'due date'...

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Dept to accept Income Tax Returns on Saturday & Sunday

F.No.225/195/2016/ITA.II - (29/07/2016) - In order to facilitate filing of income-tax returns on 30th July & 31st July, 2016 (Sunday), CBDTin exercise of powers , hereby directs that necessary arrangements be made for receiving Income tax returns in all income-tax offices throughout the country on these days, during the normal working hours...

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Recent Posts in "Income Tax Return"

KITBA request extension of return filing date for A.Y. 2017-18

KITBA has made a representation to CBDT Chairman for extending the period for filing return for Assessment Year 2017-18 under Section 139(4) of Income Tax Act, 1961 to 31.7.2018. ...

Read More
Posted Under: Income Tax |

Income Tax Returns Filing- Due date, Penalty, Applicable ITR & Amendments

Every Person if his total income or the total income of any other person in respect of which he is assessable under the Income Tax Act during the previous year exceeded the maximum amount which is not chargeable to income-tax shall on or before the due date, furnish a return of his income or the income of such other person during the prev...

Read More
Posted Under: Income Tax |

Fee for delay in filing of Income Tax return w.e.f A.Y 2018-19

Fee for delayed filing of Income Tax Return return under Section 234F of Income Tax Act, 1961 (Applicable w.e.f 01.04.2018 i.e for A.Y 2018-19)...

Read More
Posted Under: Income Tax |

Income Tax and TDS Password Format with Examples

Many of us get confused while opening the PDF downloaded/received from various government sites. The Income tax and TDS Site also contain many documents which require different type of Passwords to open the PDF downloaded/received from the respective sites. One person cannot remember all types of PDF passwords because the passwords are ne...

Read More
Posted Under: Income Tax |

Key Changes in ITR Forms for the AY 2018-19

♦ Notified ITR Forms for the AY 2018-19 AND applicability ITR – 1 (Sahaj) Individuals being a resident other than not ordinarily resident having Income from Salaries, one house property, other sources (Interest etc.) and having total income upto Rs.50 Lakh ITR – 2 Individuals and HUFs not having income from profits and gains of [&he...

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Posted Under: Income Tax |

15 Major Changes in Income Tax Return Forms (ITR Forms) for AY 2018-19

Those with income from salary, one house property and other sources (like interest) use the most basic one-page ITR-1 or Sahaj form. In the last assessment year, around 30 million taxpayers used this form. The form now seeks additional details of salary. The taxpayer first needs to fill up salary amount excluding allowances, perquisites, ...

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Posted Under: Income Tax |

Changes in ITR Forms you must know before filing for A.Y. 2018-19

Matters which you must be understand before filling of ITR forms for AY 2018-19; Changes in Income tax return forms for AY 2018-19  A. ITR-1 For individuals being a resident other than not ordinarily resident having Income from Salaries, one house property, other sources (Interest etc.) and having total income upto Rs. 50 lakh: S.No. Pa...

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Posted Under: Income Tax | ,

Fees for delayed filing of Income Tax return for AY 2018-19 onwards

Finally due date for filing of income tax returns (ITR) for Assessment year 2016-17 and 2017-18 is over. Now its time to get ready for AY 2018-19 ITR to avoid penalty of late filing of income tax return. Government has introduced new income tax forms for AY 2018-19. Rules are getting tough day by day or […]...

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Posted Under: Income Tax |

CBDT Releases ITR 1 to ITR 7 for Financial Year 2017-18 / A.Y. 2018-19

Notification No. 16/2018-Income Tax / G.S.R. 332(E) (03/04/2018)

CBDT releases Forms Sahaj (ITR-1), Form ITR-2, Form ITR-3, Form Sugam (ITR-4), Form ITR-5, Form ITR-6, Form ITR-7 and Form ITR-V as applicable for Financial Year 2017-18 or Assessment Year 2018-19....

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6.84 crore Income Tax Returns (ITRs) filed during FY 2017-18

uring FY 2017-18, 6.84 crore Income Tax Returns (ITRs) were filed with the Income Tax Department as compared to 5.43 crore ITRs filed during FY 2016-17, showing a growth of 26%. There has been a sustained increase in the number of ITRs filed in the last four financial years. As compared to 3.79 crore ITRs filed in F.Y. 2013-14, the number...

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Posted Under: Income Tax |
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