itr 1

Guide to know ITR applicable: Which ITR Applicable to whom?

Income Tax - In this article we have discussed which ITR is applicable for a Particular Assessee for Assessment Year 2018-19 i.e. for Financial Year 2017-18. ...

Read More

For whom e-filing of Income Tax Return (ITR) is Mandatory

Income Tax - Following taxpayers shall file their return of income only through e-filing mode: (1) Individual/HUF filing ITR 1/ ITR 4 (other than an individual of the age of 80 years or more at anytime during the previous year) having a refund claim in the return or having total income of more than Rs. 5,00,000 is required […]...

Read More

Which ITR form to be used

Income Tax - Different forms are required to be used for filing your ITR depending on whether you are a resident or not and what are the sources of your income. There are ITR 1, ITR 2, ITR 3 and ITR 4 which can be used by individuals. Who can use ITR 1 (popularly known as Sahaj.): This […]...

Read More

Know your Income tax form- ITR-1

Income Tax - WHAT IS ITR 1? ITR-1 form is the simplest one-page form which should be filed by individuals having an income up to Rs. 50 lakhs. This income can be from the following sources: (a) Income from Salary/ Pension; or (b) Income from One House Property (c) Income from Other Sources DETAILS REQUIRED IN ITR-1 FORM […]...

Read More

31st March 2018: deadline for filing belated returns….Really!!!!!!!

Income Tax - Income Tax Department declared March 31, 2018 as deadline for filing belated returns for the financial year 2015-16 and 2016-17. In case you haven't filed your ITR for FYs 2015-16 and 2016-17, you cannot file a belated return anymore....

Read More

Download Sahaj (ITR 1), 2, 3, Sugam (ITR-4), 5, 6, 7 for A.Y. 2018-19

Income Tax - CBDT has vide notification No.16/2018 dated: 03rd April 2018 released ITR-1 SAHAJ, ITR-2, ITR-3, ITR-4-Sugam, ITR-5, ITR-6, ITR-7 and Acknowledgement- ITR-V for Assessment Year 2018-19 / Financial Year 2017-18 and Same can downloaded in PDF Format (Return Filing Utilities are also expected to be released soon) from the links given below:-...

Read More

Download e-Filing utility for ITR 1 & ITR 4S for AY 2016-17

Income Tax - In a Record and following Punjab High Court Direction in the case of Vishal Garg & Ors. Vs. Union of India & Anr. CBDT has first released ITR for A.Y. 2016-17 on 30/03/2016 vide Notification No. 24/2016 and now it further releases Online e-filing utility for the following ITR Forms :- Link to Download all […]...

Read More

Commencement of Electronic filing of Income Tax Returns for AY 15-16

Income Tax - The Income Tax Department has released the software for preparing the Income Tax Return forms 1- SAHAJ, 2, 2A and 4S- SUGAM for AY 2015-16. The e-filing of these return forms has been enabled on the e-filing website- https://incometaxindiaefiling.gov.in/...

Read More

ITR Forms Simplified – New ITR-2A to come- Due Date extended to 31.08.2015

Income Tax - Govt to simplify ITR Forms- New ITR-2A to come- Due Date extended to 31.08.2015 from 31.07.2015- No need for Foreign Travel and Dormant Bank A/c details Income Tax Return Forms ITR 1, 2 and 4S Simplified for Convenience of the Tax Payers; A New Form ITR 2A Proposed which can be Filed by an Individual […]...

Read More

Download online / offline utility for e-Filing of ITR 1 & ITR 4S for AY 2014-15

Income Tax - CA Sandeep Kanoi CBDT has vide press release dated 07.04.2014 has released online and offline utility for e-Filing of ITR 1 (SAHAJ) & ITR 4S (SUGAM) for AY 2014-15. CBDT has earlier notified the same ITR forms vide its NOTIFICATION NO. 24/2014, Dated: April 1, 2014....

Read More

AO deemed to have applied his mind if facts are on record

CIT, Delhi Vs. M/s. Kelvinator of India Limited (Supreme Court of India) - In CIT Vs Kelvinator of India Ltd. 256 ITR 1 the Full Bench of the Delhi High Court was considering a case of reopening u/s 147 within 4 years from the end of the assessment year. The Court held that when a regular order of assessment is passed in terms of section 143 (3) of the Act, a presumption c...

Read More

CBDT notifies ITR-1, ITR-2, ITR-2A and ITR-4S to be filed for AY 2015-16

Notification No. 49/2015 - Income Tax - (22/06/2015) - Notification No. 49/2015 - Income Tax Dated: June 22, 2015 S.O. 1660 (E).– In exercise of the powers conferred by section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:-...

Read More

CBDT Notifies ITR-1 ITR-2 ITR-4S ITR-V for A.Y. 2015-16

Notification No. 41/2015 - Income Tax - (15/04/2015) - Notification No. 41/2015 - Income Tax CBDT has notified ITR 1, ITR 2 & ITR 4S for AY 2015-16 and amended Rule 12 vide Notification No. 41/2015, Dated-15th day of April, 2015. For AY 2015-16, ITR 1, ITR 2 & ITR 4S where returned income is greater than 5 Lakhs or where Refund is claimed (except where...

Read More

CBDT Notifies SAHAJ (ITR-1), ITR-2, SUGAM (ITR-4S) , ITR-V FOR a.y. 2014-15

Notification No. 24/2014-Income Tax - (01/04/2014) - Notification No. 24/2014-Income Tax S.O.997(E). - In exercise of the powers conferred by section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules, 1962, namely:- 1. (1) These rules may be called the...

Read More

E-Filing of Income Tax Returns Mandatory – CBDT

PRESS RELEASE [NO. 402/92/2006-MC (12 OF 2012)] - (02/07/2012) - Central Board of Direct Taxes (CBDT) has issued a notification S.O. 626(E) dated 28th March 2012 vide which e-Filing has been made compulsory for Assessment Year 2012-13 onwards for - an individual or a Hindu undivided family, if his or its total income, or the total income in respect of which he is...

Read More

Income Tax Refund without verification, if difference in amount claimed and 26AS is less then one lakh

Press Release No.402/92/2006-MC (03 of 2011) - (10/02/2011) - In order to speed up refunds, TDS claims in all tax returns (ITR-1 to ITR-6) will be accepted without verification if the difference between the amount claimed in the return and the amount reflected in the TDS return (AS-26 statement) does not exceed...

Read More

Recent Posts in "itr 1"

Guide to know ITR applicable: Which ITR Applicable to whom?

In this article we have discussed which ITR is applicable for a Particular Assessee for Assessment Year 2018-19 i.e. for Financial Year 2017-18. ...

Read More
Posted Under: Income Tax |

For whom e-filing of Income Tax Return (ITR) is Mandatory

Following taxpayers shall file their return of income only through e-filing mode: (1) Individual/HUF filing ITR 1/ ITR 4 (other than an individual of the age of 80 years or more at anytime during the previous year) having a refund claim in the return or having total income of more than Rs. 5,00,000 is required […]...

Read More
Posted Under: Income Tax |

Which ITR form to be used

Different forms are required to be used for filing your ITR depending on whether you are a resident or not and what are the sources of your income. There are ITR 1, ITR 2, ITR 3 and ITR 4 which can be used by individuals. Who can use ITR 1 (popularly known as Sahaj.): This […]...

Read More
Posted Under: Income Tax |

Know your Income tax form- ITR-1

WHAT IS ITR 1? ITR-1 form is the simplest one-page form which should be filed by individuals having an income up to Rs. 50 lakhs. This income can be from the following sources: (a) Income from Salary/ Pension; or (b) Income from One House Property (c) Income from Other Sources DETAILS REQUIRED IN ITR-1 FORM […]...

Read More
Posted Under: Income Tax |

31st March 2018: deadline for filing belated returns….Really!!!!!!!

Income Tax Department declared March 31, 2018 as deadline for filing belated returns for the financial year 2015-16 and 2016-17. In case you haven't filed your ITR for FYs 2015-16 and 2016-17, you cannot file a belated return anymore....

Read More
Posted Under: Income Tax |

Income Tax Returns by Individual and HUF for Financial year 2017-18

Financial Year 2017-18 has ended and due date filing of Income Tax Return is fast approaching. Income Tax Department has notified total 4 forms for Individuals and HUF. This article tries to unfold each of the form and to ensure easy understanding of the same....

Read More
Posted Under: Income Tax |

New ITR Forms – Changes Applicable for AY 2018-19

1. Changes in ITR 1 Applicable for A.Y. 2018-19 This from has been made applicable only for resident individuals. Conditions: Income from salaries, one house property, other income and having total income up to Rs.50 lakhs and his total income should not include any income from betting, gambling, etc. There is a requirement to furnish a ...

Read More
Posted Under: Income Tax |

Instructions for filing Sahaj (ITR-1) for A.Y. 2018-19

Article contains Instructions for filing ITR-1 -SAHAJ for Assessment Year 2018-19 / Financial Year 2017-18 based on ITR Released by CBDT vide its notification no. Notification No. 16/2018-Income Tax / G.S.R. 332(E) dated: 03/04/2018.  Instructions for filling ITR-1 SAHAJ for A.Y. 2018-19 General Instructions These instructions are guidel...

Read More
Posted Under: Income Tax |

Changes In ITR 1 (Sahaj) For AY 2018-19

Following are the changes made by the Government to file ITR for the assessment year 2018-19: In the past ITR i.e. till AY 2017-18 only one taxable figure was to be reported under the head salary, but ITR forms for AY 2018-19 require the assessee to report the break-up of salary earned during the previous […]...

Read More
Posted Under: Income Tax |

Changes in Income Tax Return (ITR) Forms for AY 2018-19 and Applicability

The Central Board of Direct Taxes (CBDT) has notified the Income-tax Return (ITR) Forms applicable for the Assessment Year 2018-19. The new forms incorporate the changes made by the Finance Act, 2017 in the Income-tax Act, 1961. It is apparent that the new ITR Forms have shifted the entire onus on the taxpayers to prove their claim for de...

Read More

Browse All Categories

CA, CS, CMA (3,934)
Company Law (4,145)
Custom Duty (7,114)
DGFT (3,786)
Excise Duty (4,170)
Fema / RBI (3,547)
Finance (3,748)
Income Tax (28,348)
SEBI (2,986)
Service Tax (3,413)

Featured Posts

Search Posts by Date

December 2018
M T W T F S S
« Nov    
 12
3456789
10111213141516
17181920212223
24252627282930
31