How to file income tax returns online in 15 minutes?

How to file income tax returns online in just 15 minutes

How to file income tax returns online in 15 minutes? As the month of July approaches, the lines of tension start appearing on the heads of many individuals as the last date of filing of income tax returns is coming closer. The last date of filing income tax returns for individuals is 31st July and for the firms whose accounts are not auditable. With the advancement of technology, the Central Board of Direct Taxes (CBDT) has made the facility to […]

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How to claim Tax Relief on Arrears while filing income Tax Returns?

How to claim Tax Relief on Arrears while filing income Tax Returns

How to claim Tax Relief on Arrears while filing income Tax Returns? As per the provisions of the Income Tax Act, 1961 the salary earned in a particular financial year is to be taxed as per the tax rates applicable for that financial year. But in many a cases, individuals may receive income in a particular financial year, which may relate to the earlier financial years, i.e. arrears of salary or in advance for future financial years. How to claim […]

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How to file Income Tax Returns (ITR) for previous years?

How to file ITR for previous years after due date

How to file Income Tax Returns (ITR) for previous years? Every individual is responsible enough to file his or her income tax return on time. But for some reasons, if they fail to do so, this article provides the alternatives and consequences of the same.  Amongst the list of reasons, lack of information, natural calamities, ignorance, not present in India may be some to say. But don’t worry, there are still certain ways. How to file income tax returns (ITR) […]

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What is Form-16 and how to file Income Tax Returns with it?

What is Form-16

What is Form-16 and how to file Income Tax Returns with it? Now, it is the time for Income Tax Returns. Employees would have received Form-16 or still waiting for Form-16 from their employers to file income tax returns. What is this Form-16 meant for employees? What does Form-16 contain? How to use this Form-16  to file income tax returns in India? What is Form-16? Form-16 is a document issued by employer to employee about salaries paid, Perquisites offered, details […]

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New & Revised ITR Forms for FY2014-15 / AY 2015-2016 Released now

New and Revised ITR Forms-FY-2014-15, AY2015-16

New & Revised ITR Forms for FY2014-15 / AY 2015-2016 Released now Today (31st May, 2015), finance ministry of India has released new Income Tax Return Forms (ITR) to be filled for financial year 2014-2015 (assessment year 2015-16). Earlier finance ministry has released new ITR forms, however, due to the controversial issue about disclosing details of foreign trips, it has now issued revised ITR Forms. These forms are effective from this assessment year itself. What are the changes done in […]

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What should you do when you get Income Tax (IT) notice u/s 143?

What to do when you get Income Tax Notice

What should you do when you get Income Tax (IT) notice u/s 143? Have you received Income Tax Notice U/S 143 (3) or u/s 142 (2) and wondering what to do? Have you got IT Notice about a query or ambiguous income or due to the high volume of large transactions in your account. While you need not panic, you should not ignore it. You should ensure you respond appropriately. What should we do in case we get IT notice […]

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