This year Income Tax return filing has become slightly complicated. The government of India has made several changes related to Income tax and ITR. All these changes are made recently. So, if you are waiting untill last minute for filing your ITR, time has come to wake up and act fast. Here are 7 new Income Tax changes done by the government recently. 7 Income Tax Changes 1. ITR is mandatory in case exempted income is crossing basic tax exemption […]
The Income tax department recently has introduced two additional modes of Electronic Verification of ITR. Now you will be able to verify your ITR by giving DEMAT or bank account details to income tax website. Details about additional modes of generation of EVC is given below. e-verify ITR using DEMAT and bank account By Giving Bank Details to e-filing website incometaxindiaefiling.gov.in Under this option, a facility to pre-validated Bank account details will be provided to the assessee under Profile Settings menu […]
Income Tax Return – Before filing income tax return keep your form 16, bank account statement, TDS certificate, last year return copy, saving and investment proof handy. First thing you need to do is to register online on Income tax website. https://incometaxindiaefiling.gov.in Once you are registered you can file income tax return by using following steps. 7 Steps for filing Income Tax return online Step 1: Open the Income Tax website. At the right-hand side, you will find download menu. Under […]
After lot of discussion Income tax department has finally released Income tax returns ITR forms for the assessment year 2015-16. As per the new directive, this year Income tax assesses have to file Income tax return on or before 31st Aug, 2015. Income tax returns for 2014-15 (Assessment Year 2015-16) were primarily released by the government in April, 2015. However due to certain complication in these forms there was a strong resistance from tax payers & it was finally decided […]
The Central Board of Direct Taxes (CBDT) has recently issued a notification which has made it mandatory for individuals earning an annual income above INR 10 lakhs to file their Income Tax Returns online, from the current Financial Year 2011-12 (Assessment Year 2012-13) onwards. Filing income tax returns is something everyone fears & now filing it online many people may be wondering how to do that? So we are herewith guide to help you for filing your I-T returns online, […]
