ITR

ITR Forms for AY 2019-20 New Changes & Additional information

Income Tax - ​The CBDT has notified new ITR forms vide notification no. 32/2019 dt. 1st April 2019. The New IT return forms notified vide above mentioned notification has been made applicable for the FY 2018-19 and new changes/additional information required will not only bring more transparency but also help in automatically validating or cross-che...

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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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जानिए इस बार इनकम टैक्स रिटर्न भरने के लिए आपको कौन-सी नई जानकारियां देनी होंगी

Income Tax - Highlights ♥ फॉर्म को बनाने में केंद्रीय बजट 2018-19 से जुड़ी घोषणाओं को ध्यान में रखा गया है ♥ 5 लाख रुपये से ज्यादा की एग्रीकल्चरल इनकम को अब ...

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Linkage of PAN with Aadhaar mandatory from A.Y. 2019-20

Income Tax - Quoting of Aadhaar and Linking with PAN is mandatory from Assessment Year 2019-20 The Apex Court in it’s recent judgement dated 04.02.2019 in the case of Union of India vs. Shreya Sen reported in [2019] 104 taxmann.com 160 (SC) has held that linkage of PAN with Aadhaar is mandatory and make it clear that from […]...

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Brief of changes in ITR related to NRI’s

Income Tax - NRI's would now have to disclose details of residency in foreign country. Tax Identification numbers allotted to them. With this, through exchange of information Government would keep a track on Evasion. Additional disclosure on assets held abroad. This isnt a welcome move since NRI's would be reluctant to share the same with GOI....

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ITR 1 & 4 for AY 2019-20 is available for e-Filing.

Income Tax - Excel Utility for ITR 1 & 4 for AY 2019-20 is available for e-Filing. Other ITRs will be available shortly. ITR 1 is 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 upto Rs...

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File Your Income Tax Return by 31st August, 2018

Income Tax - File Your Income Tax Return by 31st August, 2018 (Last date for persons whose accounts are not liable for audit) For e-filing returns of Income log on to on to https://incometaxindiaefiling.govin Consequences of not filing Income Tax Return on time ♦ Belated return cannot be revised ♦ Fee for late filing under Section 234F: i. [&helli...

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Extend due date of filing Income-tax returns for AY 2018-19: ICAI

Income Tax - Vide its representation requested CBDT that the due date of filing return of income be extended by at least a month from the prescribed date of 31stJuly, 2018 for AY 2018-19....

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Extend Due Date of ITR for AY 2018-19

Income Tax - In the interest of the Taxpayers and the Tax Professionals, we hereby request Your Honour to kindly extend the due dates for filing of returns by at least 2 months, in both the cases, i.e. till 30.09.2018 for non audit cases and 30.11.2018 for audit cases....

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Aadhaar OTP e-verification for ITR down Temporarily

Income Tax - Due to technical issues, Aadhaar OTP for e-verification is unavailable. This will be enabled shortly. Taxpayer can use the other options to e-Verify the Returns. ...

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Allow ITR filing without Aadhaar linkage atleast till 31.03.2019: Delhi HC

Shreyasen, & ANR Vs Union of India & ORS (Delhi High Court) - Delhi HC held that that at least for the period till 31.03.2019, the CBDT shall issue an appropriate direction, and also create a platform by amending the digital form of substituting them properly to enable opt out from the mandatory requirement of having to furnish Aadhar Registration or Aadhar li...

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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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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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Due date for filing of ITRs/Audit Report for Kerala Region extended to Feb 28, 2019

F.No. 225/15/2019/ITA.II - (27/02/2019) - In case of taxpayers of Kerala for whom the due date for filing return of income and report of audit pertaining to assessment year 2018-19 was 31.10.18, all returns of income and reports of audit which are filed till 28.02.19 shall be deemed to have been filed by 31.10.18. ...

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ASK centres to not to accept ITRs for A.Y. prior to AY 2018-19 without verifying copy of notice

ITBA-ASK Instruction No. 6 - (14/08/2018) - ASK centres under your charge not to accept ITRs for A.Y. prior to AY 2018-19 without verifying copy of notice / order u/s 119(2)(b), 139(9), 142(1), 148, 153A & 153C and applicability of Rule 12 of IT Rules....

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Income Tax Return Due Date extended to 31/08/2018

F. No. 225/242/2018/ITA.II - (26/07/2018) - CBDT extends 'due-date' of filing income-tax return for assessment-year 2018-2019 as prescribed in section 139(1) of the Act, from 31st July, 2018 to 31st August, 2018....

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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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Recent Posts in "ITR"

ITR Forms for AY 2019-20 New Changes & Additional information

​The CBDT has notified new ITR forms vide notification no. 32/2019 dt. 1st April 2019. The New IT return forms notified vide above mentioned notification has been made applicable for the FY 2018-19 and new changes/additional information required will not only bring more transparency but also help in automatically validating or cross-che...

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 |

जानिए इस बार इनकम टैक्स रिटर्न भरने के लिए आपको कौन-सी नई जानकारियां देनी होंगी

Highlights ♥ फॉर्म को बनाने में केंद्रीय बजट 2018-19 से जुड़ी घोषणाओं को ध्यान में रखा गया है ♥ 5 लाख रुपये से ज्यादा की एग्रीकल्चरल इनकम को अब ...

Read More
Posted Under: Income Tax |

Linkage of PAN with Aadhaar mandatory from A.Y. 2019-20

Quoting of Aadhaar and Linking with PAN is mandatory from Assessment Year 2019-20 The Apex Court in it’s recent judgement dated 04.02.2019 in the case of Union of India vs. Shreya Sen reported in [2019] 104 taxmann.com 160 (SC) has held that linkage of PAN with Aadhaar is mandatory and make it clear that from […]...

Read More
Posted Under: Income Tax |

Brief of changes in ITR related to NRI’s

NRI's would now have to disclose details of residency in foreign country. Tax Identification numbers allotted to them. With this, through exchange of information Government would keep a track on Evasion. Additional disclosure on assets held abroad. This isnt a welcome move since NRI's would be reluctant to share the same with GOI....

Read More
Posted Under: Income Tax |

Changes in ITR 1 for FY 18-19

As we have entered into the New financial year i.e. 2019-20, the Govt. has released new ITR Forms for return filing for FY 2018-19. Till date, Income tax department has released ITR 1 and ITR 4 forms (available on Income tax portal for filing). Here, we will discuss the changes in Form ITR-1 as compared to the last year. […]...

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Posted Under: Income Tax |

15 Important Changes in New ITR Forms for F.Y. 2018-19

Arjuna (Fictional Character) : Krishna, new ITR forms have been notified by CBDT, what is your view on that? Krishna (Fictional Character): Arjuna, recently CBDT has notified new changes in the ITR for F.Y. 2018-19 and now the taxpayers will have to give detailed information of their agriculture income, gross profit and net profit from [&...

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Posted Under: Income Tax |

New ITR Forms & Changes in Particulars to be furnished

The New IT return forms has been made applicable for the FY 2018-19 and new changes/additional information required will not only bring more transparency but also help in automatically validating or cross-checking the income and other details that the tax authorities may have from other sources....

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Posted Under: Income Tax | ,

ITR Forms For Assessment Year 2019-2020- All you want to know

New ITR Forms For Assessment Year 2019-2020 Vide notification dated 1st April, 2019, the CBDT has introduced Income Tax (Second Amendment) Rules, 2019. Vide the said notification the CBDT has notified Income Tax Return (ITR) Forms for the Assessment Year 2019-2020 (Financial year 2018-2019). In total 7 types of Income Tax Return Norms are...

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Posted Under: Income Tax | ,

ITR 1 & 4 for AY 2019-20 is available for e-Filing.

Excel Utility for ITR 1 & 4 for AY 2019-20 is available for e-Filing. Other ITRs will be available shortly. ITR 1 is 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 upto Rs...

Read More
Posted Under: Income Tax |

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