Categories
Income Tax Tags Tax Planning

Relevant changes in ITR Forms for Financial Year 2017-18 (Assessment year 2018-19)

New ITR Forms notified for the Financial Year (FY) 2017-18 The CBDT has notified the ITR forms for the Assessment Year (AY) 2018-19 well in advance so that the assessee must file their return well before the due date. The forms have been notified on 5 April 2018. Although the return filing will actually begin […]

Categories
Income Tax Tags Tax Planning

Passwords for Various Compliance Forms

With the advent of digitisation everything is now online and in soft format. We now get a soft copy of most documents and to prevent its misuse all these documents are password protected. With ITR acknowledgment to Income Tax notice to Aadhar card. All of them are password protected. Since each of these documents has […]

Categories
Tax Planning

DUE DATE OF Income Tax Return Filing 2013 -14 EXTENDED TO 05/08/2013

A fresh breath has been pumped in to the heart of Tax payers who were facing difficulty in filing their return online or have not yet filed their returns, as the government on Wednesday extended the last date for ITR filing for 2013 of income tax returns by five days to August 5, 2013 The due date, […]

Categories
Tax Planning

E-Filing Income Tax Return ITR

Process Of e-filing Income Tax Return ITR What Is e-Filing? The process of electronically filing Income Tax Returns/Forms through the Internet is known as e-filing. E-Filing Returns and Forms mandatory for: Individual/HUF, having total Income of Rupees 10 Lakhs and above for AY 2012-2013 and subsequent assessment years. Individual/HUF being resident, having asset, located outside […]

Categories
Tax Planning

How to Select Income Tax Return ITR

Income tax return ITR has undergone changes from being only 1 form named ‘Saral’ to 8 ITR forms. It has become easy for professional but confusing for general users. Lot of tutorials and information material is available online explaining the types of forms but most of them explain it superficially leaving a chance of mistake […]