CA, CS, CMA - Meaning of ITR A document known as an income tax return (ITR) is used to provide the Income Tax Department with data regarding your earnings and taxes. Law requires all individuals and businesses with any revenue during a fiscal year to submit an income tax return each year. A salary, business earnings, real estate income, […]...
CA, CS, CMA - The deadline to file ITR by an individual for FY 2022-23 is 31st July 2023. Taxpayers are facing issues while filing their Income Tax Returns. The maximum error while validating ITR is due to incomplete/incorrect entries in Schedule CG (Capital Gain) of ITR 2. In this article, an attempt has been made to discuss frequently […]...
CA, CS, CMA - 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....
CA, CS, CMA - Unravel the complexities of choosing the right ITR form for Individuals, Hindu Undivided Families (HUFs) and Firms based on factors like income sources, residential status, and total income....
CA, CS, CMA - 1. Income Tax Return filing date is approaching fast. The last date to file ITR 2 for the financial year 2022-23 is 31st July 2023. ITR 2 form is available for individuals and HUFs who have income from various avenues like capital gains from one or more properties, rental income, or income from other sources. […]...
CA, CS, CMA - Income Tax Department Central Board of Direct Taxes, e-Filing Project ITR 2 – 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 Document Revision List Document Name: ITR 2 – Validation Rules for AY 20...
CA, CS, CMA - The Indian Income Tax Department has recently opened the ITR-2 filing window, enabling individuals and Hindu Undivided Families (HUFs) to report their non-business income from various sources. ITR-2 holds significant relevance for taxpayers who earn income from sources such as salary, pension, house property, capital gains, or other non-b...
CA, CS, CMA - 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....
CA, CS, CMA - Income Tax Department Government of India Central Board of Direct Taxes, e-Filing Project ITR 2 – Validation Rules for AY 2022-23 Version 1.0 20th April 2022 Directorate of Income Tax (Systems) E-2, A.R.A. Centre, Ground Floor Jhandewalan Extension New Delhi – 110055 Document Revision List Document Name: ITR 2 – Validation Rules fo...
CA, CS, CMA - 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...
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. 21/2021-Income Tax/G.S.R. 242(E) - (31/03/2021) - CBDT notifies all ITR Forms 1 to 7 for AY 2021-22 vide Notification no. 21/2021 in G.S.R 242(E) dated 31/03/2021. To facilitate taxpayers & to minimize the compliance burden, no significant changes have been made in the ITR Forms this year as compared to last year’s Forms. The Central Board of...
Notification No. 11/2023-Income-Tax, [G.S.R. 164(E).] - 03/03/2023
Notification No. 8/2023-Income Tax [G.S.R. 156(E).] - 28/02/2023