Income Tax - CBDT's new Income Tax Returns FY 2024 bring significant changes. Explore key updates in ITR-1, ITR-2, ITR-3, and ITR-4, along with implications for taxpayers....
Income Tax - Discover the revamped Income Tax Return (ITR) forms by CBDT for 2023-24, promising efficiency and transparency. Explore key highlights and changes in the filing process....
Income Tax - Discover the tax benefits available to senior and very senior citizens under the Income Tax Act in India, including lower tax rates and exemptions....
Income Tax - Discover the types of Income Tax Returns (ITR) and their eligibility criteria, including ITR-1 (SAHAJ), ITR-2, ITR-3, ITR-4 (Sugam), ITR-5, ITR-6, and ITR-7. Understand when and how to file ITR, importance of Form 16, Form 26AS, Form 15G, and Form 15H. Learn about tax return deadlines and avoid penalties....
Income Tax - Understand the different types of Income Tax Return (ITR) forms and their applicability based on income sources. Learn about the limits and heads of income associated with each form. Gain insights into filing requirements and make informed decisions for tax compliance....
Income Tax - Central Board of Direct Taxes, e-Filing Project ITR 1 – Validation Rules for AY 2023-24 Version 1.0 – 23rd May 2023 Directorate of Income Tax (Systems) E-2, A.R.A. Centre, Ground Floor, Jhandewalan Extension New Delhi – 110055 Purpose The Income Tax Department has provided free return preparation software in downloads page whic...
Income Tax - The Income Tax Department has enabled the Income-tax Returns Form ITR 1 and ITR 4 at the income tax e-filing portal in Online mode with prefilled data. The availability of prefilled data in Income-tax Returns Form ITR 1 and ITR 4 at the income tax e-filing portal for AY 2023-24 is a significant development by […]...
Income Tax - CBDT notified Income-tax Return Forms (ITR Forms) for Assessment Year 2023-24 vide Notifications No. 04 & 05 of 2023 dated 10.02.2023 and 14.02.2023....
Income Tax - Income Tax Department Government of India Central Board of Direct Taxes, e‑ Filing Project ITR 1 – Validation Rules for AY 2022-23 Version 1.0 19th April 2022 Directorate of Income Tax (Systems) E-2, A.R.A. Centre, Ground Floor, Jhandewalan Extension New Delhi – 110055 Purpose The Income Tax Department has provided free return prepa...
Income Tax - ITR-1 For individuals being a resident (other than not ordinarily resident) having total income upto Rs.50 lakh, having Income from Salaries, one house property, other sources (Interest etc.), and agricultural income upto Rs.5 thousand. Link to Download Schema for ITR-1 for A.Y. 2022-23/FY 21-22 ITR-2 For Individuals and HUFs not having i...
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...
Notification No. 105/2023-Income Tax [G.S.R. 908(E)] - (22/12/2023) - CBDT notifies ITR 1 and ITR 4 for Assessment Year (AY) 2024-25 / Financial Year (FY) 2023-24 vide Notification No. 105/2023-Income Tax Dated: 22nd December, 2023. Ministry of Finance (Department of Revenue) (Central Board of Direct Taxes) New Delhi Notification No. 105/2023-Income Tax Dated: 22nd D...
Notification No. 11/2023-Income-Tax, [G.S.R. 164(E).] - (03/03/2023) - CBDT notifies ITR forms for AY 2023-24/ FY 2022-23 Except ITR-7 vide Notification No. 04/2023-Income Tax Dated: 10.02.2023 and notified ITR-7 vide Notification No. 05/2023-Income Tax Dated: 14/02/2023. CBDT amended notified ITR first vide Notification No. 8/2023-Income Tax dated 28/02/2023 and now i...
Notification No. 8/2023-Income Tax [G.S.R. 156(E).] - (28/02/2023) - Vide Notification No. 8/2023-Income Tax| Dated: 28th February, 2023 CBDT notifies amendment in ITR forms for AY 2023-24 / FY 2022-23. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Corrigendum Notification No. 8/2023-Income Tax| Dated: 28th February, 2023 G.S.R. 156(E)....
Notification No. 04/2023-Income Tax [G.S.R 91(E)] - (10/02/2023) - CBDT notifies Format & Particulars of Income Tax Return Forms ( ITR-1 SAHAJ, ITR-2, ITR-3, ITR-4 SUGAM, ITR-5, ITR-6, ITR-V) and Income Tax Return Acknowledgement (ITR-V) for Assessment Year 2023-24/Financial Year 2022-23 vide Notification No. 04/2023 Dated 10th February 2023. Last Year CBDT n...
Notification No. 21/2022-Income Tax [G.S.R 231(E)] - (30/03/2022) - CBDT notifies ITR Forms SAHAJ ITR-1, ITR-2, ITR-3, SUGAM ITR4, ITR-5, ITR-6, ITR-V and ITR- Ack for Assessment Year 2022-23/Financial Year 2021-22 vide Notification No. 21/2022 Dated 30th March, 2022. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) New Delhi Notification ...
Notification No. 105/2023-Income Tax [G.S.R. 908(E)] - 22/12/2023