itr 2

Overview of ITR Forms for filing Income Tax Return for AY 2019-20

Income Tax - ITR-1 – General guidelines for filing ITR-1 for AY 2019-20 For Individuals being a Resident (other than Not Ordinarily Resident) having Total Income upto Rs.50     lakhs, having Income from Salaries, One House Property, Other Sources (Interest etc.), and Agricultural Income up to Rs.5 thousand(Not for an Individual who is either...

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Know Additional Details Introduced in ITR forms for A.Y. 2019-20

Income Tax - The Central Board of Direct Taxes (CBDT) has introduced some changes— particularly more detail seeking disclosures in the new income tax return (ITR) forms for the assessment year 2019-20 to curb tax evasion and wipe out the loopholes. Considering the revamps and penal clauses for late filing, one should start the process of filing ASAP...

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Key Changes in ITR Form for A.Y 2019-20

Income Tax - Key changes in ITR forms for A.Y. 2019-20 and new disclosures ♣ All the taxpayers are mandatorily required to file their ITRs electronically except individuals over the age of 80 years who have the option of filing the ITR in paper format as well ♣ Recently, the Indian government has notified new tax return forms […]...

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Step-by-step guide for a salaried person to file income tax return

Income Tax - Salaried individuals can file income tax returns (ITR) using the forms ITR-1 or ITR-2. ITR-1 applies to individual resident taxpayers with a total income of up to Rs 50 lakhs. Whereas, ITR-2 applies to other individual taxpayers who do not have income from business or profession. ITR-1 can be used to report income from salary, […]...

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Which ITR Form to use for Assessment year 2019-20

Income Tax - CBDT has already released new ITR Forms. One can file the ITR now. While, Individuals are due to file their ITR by 31st July. Corporate entities are to file by 30th September. The big question is which form should one use according to their status, income level, sources of income etc. Here, we discuss about […]...

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ITR 1, 2, 3, 4, 5, 6 & 7 for AY 2019-20 are available for e-Filing

Income Tax - Excel / Java Utility for ITR 1, ITR 2, ITR 3, ITR 4, ITR 5, ITR 6 & ITR 7 for AY 2019-20 / FY 2018-19 are available for e-Filing. Update on 08/07/2019 All Income Tax Return Preparation Software for AY 2019-20 are now available for e-Filing. Update on 04.06.2019 ITR 7 For persons including […]...

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It’s Easy to e-File Income Tax Return in Form No.1 “SAHAJ”

Income Tax - ndividuals having income upto Rs. 50 lakhs from salary/single house property/other income (interest etc.) can file Income Tax Return on one page ITR Form No. 1 'SAHAJ' quickly and easily by following these simple steps......

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After 44 days CBDT Releases Java Utility of ITR-2

Income Tax - Today CBDT has finally released  after 44 days of start of Assessment Year 2018-19, Java Utility of ITR-2 (For Individuals and HUFs not having income from profits and gains of business or profession).It is worthy to note that CBDT is failed to release excel utility of ITR-2 and released  only Java utility of ITR-2. Earlier […]...

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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:-...

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Download e-filing Utility for ITR 2, ITR 2A & ITR 3 for AY 2016-17

Income Tax - Income Tax Department has released on 03/04/2016 Excel Utility of ITR 1 and ITR 4S for AY 2016-17 for e-filing and now they have released todayExcel  e-filing utility for ITR 2, ITR 2A and ITR 3 for AY 2016-17. Other ITR are also expected to be released soon. Department has also released JAVA utility of […]...

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CBDT denies Large Scale Changes in ITR Forms wef 11th July 2019

NA - (16/07/2019) - CBDT  said that there are no changes in the notified ITR forms; only the utility has been updated to facilitate the taxpayers. Therefore, the assertion that numerous changes have been made in ITR-2 and ITR-3 on July 11, 2019, does not give a correct picture. Government of India Ministry of Finance ...

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ITBA Functionality to Rectify ITR 1 to 6 for A.Y. 2017-18 Launched

ITBA- Rectification Instruction No.5 - (28/06/2019) - The functionality for rectification of processing u/s 143(1) of ITR 1,2,3,4,5, & 6 for A.Y. 2017-18 is now made available in Income Tax Business Application (ITBA). All the steps for initiating, working on the rectification proceedings and passing of rectification Order will be same as described in ...

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CBDT notifies ITR for A.Y. 2019-20 / F.Y. 2018-19

Notification No. 32/2019-Income Tax [G.S.R. 279(E)] - (01/04/2019) - CBDT notifies Form 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 for A.Y. 2019-20 / F.Y. 2018-19 vide Notification No. 32/2019 dated 1st April, 2019. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notificatio...

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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:-...

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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...

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Recent Posts in "itr 2"

CBDT denies Large Scale Changes in ITR Forms wef 11th July 2019

NA (16/07/2019)

CBDT  said that there are no changes in the notified ITR forms; only the utility has been updated to facilitate the taxpayers. Therefore, the assertion that numerous changes have been made in ITR-2 and ITR-3 on July 11, 2019, does not give a correct picture. Government of India Ministry of Finance Department of Revenue Central […]...

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ITR 1, 2, 3, 4, 5, 6 & 7 for AY 2019-20 are available for e-Filing

Excel / Java Utility for ITR 1, ITR 2, ITR 3, ITR 4, ITR 5, ITR 6 & ITR 7 for AY 2019-20 / FY 2018-19 are available for e-Filing. Update on 08/07/2019 All Income Tax Return Preparation Software for AY 2019-20 are now available for e-Filing. Update on 04.06.2019 ITR 7 For persons including […]...

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Posted Under: Income Tax |

Overview of ITR Forms for filing Income Tax Return for AY 2019-20

ITR-1 – General guidelines for filing ITR-1 for AY 2019-20 For Individuals being a Resident (other than Not Ordinarily Resident) having Total Income upto Rs.50     lakhs, having Income from Salaries, One House Property, Other Sources (Interest etc.), and Agricultural Income up to Rs.5 thousand(Not for an Individual who is either...

Read More
Posted Under: Income Tax |

Know Additional Details Introduced in ITR forms for A.Y. 2019-20

The Central Board of Direct Taxes (CBDT) has introduced some changes— particularly more detail seeking disclosures in the new income tax return (ITR) forms for the assessment year 2019-20 to curb tax evasion and wipe out the loopholes. Considering the revamps and penal clauses for late filing, one should start the process of filing ASAP...

Read More
Posted Under: Income Tax |

Key Changes in ITR Form for A.Y 2019-20

Key changes in ITR forms for A.Y. 2019-20 and new disclosures ♣ All the taxpayers are mandatorily required to file their ITRs electronically except individuals over the age of 80 years who have the option of filing the ITR in paper format as well ♣ Recently, the Indian government has notified new tax return forms […]...

Read More
Posted Under: Income Tax |

ITBA Functionality to Rectify ITR 1 to 6 for A.Y. 2017-18 Launched

ITBA- Rectification Instruction No.5 (28/06/2019)

The functionality for rectification of processing u/s 143(1) of ITR 1,2,3,4,5, & 6 for A.Y. 2017-18 is now made available in Income Tax Business Application (ITBA). All the steps for initiating, working on the rectification proceedings and passing of rectification Order will be same as described in ITBA Rectification Instruction No.3 date...

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Step-by-step guide for a salaried person to file income tax return

Salaried individuals can file income tax returns (ITR) using the forms ITR-1 or ITR-2. ITR-1 applies to individual resident taxpayers with a total income of up to Rs 50 lakhs. Whereas, ITR-2 applies to other individual taxpayers who do not have income from business or profession. ITR-1 can be used to report income from salary, […]...

Read More
Posted Under: Income Tax |

Which ITR Form to use for Assessment year 2019-20

CBDT has already released new ITR Forms. One can file the ITR now. While, Individuals are due to file their ITR by 31st July. Corporate entities are to file by 30th September. The big question is which form should one use according to their status, income level, sources of income etc. Here, we discuss about […]...

Read More
Posted Under: Income Tax |

All about filing of ITR-2 for A.Y. 2019-20

Instructions for filling out FORM ITR-2 These instructions are guidelines for filling the particulars in Income-tax Return Form-2 for the Assessment Year 2019-20 relating to the Financial Year 2018-19. 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 f...

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Posted Under: Income Tax |

Changes in ITR Forms Applicable For AY 2019-2020

Now, the time has come for filling the Income Tax Returns for AY 2019-20.  So, before starting the same it is important to know the changes the Income tax department has made in the IT forms. CBDT has notified new ITR Forms vide Notification No. 32/2019 dated 1st April, 2019. The details regarding each form […]...

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Posted Under: Income Tax |

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