Which Income Tax Return (ITR) Form should be used for A.Y.2017-2018?

New and Revised ITR Forms-FY-2016-17, AY2017-2018-Rev

Which Income Tax Return (ITR) Form should be used for A.Y.2017-2018? Last month, Income Tax of India has made some changes into Income Tax Return (ITR) Forms for A.Y. 2017-2018 (Financial year 2016-2017). Some of the forms are made simple now. Since the ITR deadline is 31-Jul, many of you are yet to file income tax returns. Which ITR Forms to be used for last financial year and assessment year 2017-2018? Who need to file income tax Returns in FY2016-2017? […]

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How to file Income Tax Returns (ITR) of previous years in India?

How to file Income Tax Returns (ITR) of previous years in India

How to file Income Tax Returns (ITR) of previous years in India? Salaried people, business men, partnership firms and companies need to file income tax returns on the income / profits they earn. We need to file income tax returns every year by 31st July pertaining to previous financial year. However, some time we miss to file income tax returns in a year. What should one do if they miss to file ITR? What are the penalties, income tax department […]

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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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