ITR

Key changes and guide to file ITR 1 for AY 2018-19

Income Tax - Almost after 55days of commencement of FY, Income Tax department made ITR forms available for filing Income Tax Returns for the AY 2018-19. There are key changes and points, where a Taxpayer should be aware of while filing ITR 1 for the AY 2018-19...

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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....

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Provisions relating to return of income under Income Tax Act, 1961

Income Tax - It is mandatory for every taxpayer to communicate the details of his income to the Income-tax Department. These details are to be furnished in the prescribed form known as return of income. In this part, you can gain knowledge about the various provisions relating to return of income....

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New ITR Forms – Changes Applicable for AY 2018-19

Income Tax - 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 ...

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IT releases all e-filing forms for AY 2018-19 & last date without late fees is 31, July 2018.

Income Tax - Rules are getting tough day by day and taxpayers must be active and punctual now to avoid any unnecessary penalties. The new forms require to disclose much more information about income ranging from break-up of salary to quoting of gross receipts as per GST returns....

Read More

Technical Guide on Understanding Income Tax Return Forms For AY 2018-19

Income Tax - The CBDT has recently notified the new ITR Forms applicable for AY 2018- 19 vide notification no. 16/2018, dated 03.04.2018. These ITR Forms contain significant changes which need due analysis. As you all are aware the ICAI has always been proactive in disseminating the knowledge and sharpening the skills of its members. In furtherance of...

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After 55 days CBDT Releases Java Utility of ITR-6

Income Tax - Today CBDT has finally released after 55 days of start of Assessment Year 2018-19 Java Utility of ITR-6 applicable to  Companies other than companies claiming exemption under section 11. It is worthy to note that CBDT is failed to release excel utility of ITR-6 and released only Java utility of ITR-6.   Further in respect of […]...

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After 50 days CBDT Releases Java Utility of ITR-5 & ITR-7

Income Tax - Today CBDT has finally released after 50 days of start of Assessment Year 2018-19 Java Utility of ITR-5 (For persons other than:- (i) Individual,(ii) HUF,(iii) Company and (iv) Person filing Form ITR-7) and Java Utility of  ITR-7 [For persons including companies required to furnish return under sections 139(4A) or 139(4B) or 139(4C) or 1...

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After 47 days CBDT Releases mere Java Utility of ITR-3

Income Tax - Today CBDT has finally released after 47 days of start of Assessment Year 2018-19, Java Utility of ITR-3 (For individuals and HUFs 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-3 and released only Java utility of ITR-3. Earlier […]...

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All about Income Tax Return Form ITR-3 (A.Y. 2018-19)

Income Tax - Instructions for filling out FORM ITR-3 (A.Y. 2018-19) These instructions are guidelines for filling the particulars in this Return Form. 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 for which this Income Tax Return Form ITR-3 is applicable This Re...

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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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Investigate leakages of Confidential Data / ITR filed by Tax Payers: CIC

Mr. Badal Satapathy Vs. The CPIO (Central Information Commission) - It is essential to protect the Confidential Financial Data filed by millions of Tax Payers from falling into wrong hands in the larger public interest. ...

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Bombay HC criticises CBDT move of extending of ITR due date for only two states & one Union territory

The chambers of Tax Consultant & Others Vs UOI (Bombay High Court) - It was argued that the above decisions were accepted by CBDT and the due date was extended in the respective territories of the High Court’s jurisdiction. Hon’ble HC after considering the above two judgments held that held that it is very unfair that benefit regarding an all India statute is res...

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Gujarat HC directs CBDT to extend ITR due date to 31.10.2015: Judgment Analysis

All Gujarat Federation of Tax Consultants Vs CBDT (Gujarat High Court) - By this petition under article 226 of Constitution of India petitioners sought relief by way of writ and prayed before court that due date of filing ITR should be extended upto 30.11.2015. Following relief were sought in this instant writ petition...

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P&H HC judgment directing CBDT to extend ITR due date to 31.10.2015

Vishal Garg Vs UOI (Punjab & Haryana High Court) - Vishal Garg Vs. UOI In the instant petition petitioners sought relief by way of writ under article 227 of the constitution of India and prayed before court that due date of filing ITR should be extended upto 31.10.2015....

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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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Process ITR of all Non-scrutiny cases for AY 2016-17 by 31.03.2018: DIT

F.No: DGIT(S)-3/AST/Processing of CASS Cases/101/2016-17/2 - (07/02/2018) - It is requested that Assessing Officers may be directed to complete all Non-scrutiny cases for processing urgently. Assessing Officers may be directed to refer ITBA ITR- Processing Instruction 1 date 30.03.2017, ITBA ITR- Processing Instructions 2 & 3 date 08.11.2017 to thoroughly understand the pro...

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Processing of ITR-1 to 6 & applicability of section 143(1)(a)(vi)

Circular No. 01/2018-Income Tax - (10/01/2018) - Since section 143(1)(a)(vi) of the Act is being applied for the first time while processing the returns, it has been decided that before issuing an intimation of the proposed adjustment, initially an awareness campaign would be carried out to draw the attention of the taxpayer to such differences....

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Due date to file ITR & Income Tax Audit Reports extended to 31.10.2017

No. 225/270/2017/ITA.II - (31/08/2017) - CBDT hereby extends the 'due-date' prescribed therein for filing the return of income as well as various reports of audit prescribed under the Income-tax Act which are required to be filed by the said 'due date' from 30th September, 2017 to 31st October, 2017....

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Launch of Income Tax Business Application ITR Processing Module

ITBA-ITR Processing Instruction No. 1 - (30/03/2017) - Functionality for processing Paper ITRs filed for AY 2016-17 in Forms ITR-1, 2, 2A and 4S will be available w.e.f. 04.2017 in Income Tax Business Application (ITBA)....

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Recent Posts in "ITR"

Key changes and guide to file ITR 1 for AY 2018-19

Almost after 55days of commencement of FY, Income Tax department made ITR forms available for filing Income Tax Returns for the AY 2018-19. There are key changes and points, where a Taxpayer should be aware of while filing ITR 1 for the AY 2018-19...

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 |

Technical Guide on Understanding Income Tax Return Forms For AY 2018-19

The CBDT has recently notified the new ITR Forms applicable for AY 2018- 19 vide notification no. 16/2018, dated 03.04.2018. These ITR Forms contain significant changes which need due analysis. As you all are aware the ICAI has always been proactive in disseminating the knowledge and sharpening the skills of its members. In furtherance of...

Read More
Posted Under: Income Tax |

Provisions relating to return of income under Income Tax Act, 1961

It is mandatory for every taxpayer to communicate the details of his income to the Income-tax Department. These details are to be furnished in the prescribed form known as return of income. In this part, you can gain knowledge about the various provisions relating to return of income....

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 |

IT releases all e-filing forms for AY 2018-19 & last date without late fees is 31, July 2018.

Rules are getting tough day by day and taxpayers must be active and punctual now to avoid any unnecessary penalties. The new forms require to disclose much more information about income ranging from break-up of salary to quoting of gross receipts as per GST returns....

Read More
Posted Under: Income Tax |

After 55 days CBDT Releases Java Utility of ITR-6

Today CBDT has finally released after 55 days of start of Assessment Year 2018-19 Java Utility of ITR-6 applicable to  Companies other than companies claiming exemption under section 11. It is worthy to note that CBDT is failed to release excel utility of ITR-6 and released only Java utility of ITR-6.   Further in respect of […]...

Read More
Posted Under: Income Tax |

Business Codes For ITR Forms For A.Y 2018-19

CBDT has changed nature of business codes for income tax return forms from A.Y. 18-19. Before filing of Income tax return ensure correct business sector along with correct business code has been selected....

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Posted Under: Income Tax |

After 50 days CBDT Releases Java Utility of ITR-5 & ITR-7

Today CBDT has finally released after 50 days of start of Assessment Year 2018-19 Java Utility of ITR-5 (For persons other than:- (i) Individual,(ii) HUF,(iii) Company and (iv) Person filing Form ITR-7) and Java Utility of  ITR-7 [For persons including companies required to furnish return under sections 139(4A) or 139(4B) or 139(4C) or 1...

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Posted Under: Income Tax |

All about ITR-6 as applicable for A.Y. 2018-19

ITR-6- For Companies other than companies claiming exemption under section 11.Download ITR-6 E-filing Return Preparation Software for A.Y. 2010-11. Download New Saral-II (ITR-1) Excel Based Return Preparation Utility for the F.Y. 2009-10, A.Y. 2010-11...

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Posted Under: Income Tax |
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