Search results
5 days ago · When an individual pays this tax online on their own, it is called e-filing. Electronic or e-filing is one of the easiest ways of filing returns. As a taxpayer, you can do ITR e-filing all on your own. There are no print documents involved or long, convoluted steps for income tax e-filing.
10 hours ago · The Central Board of Direct Taxes extended the income tax audit report filing deadline to October 7, 2024, citing technical issues with the e-filing portal, providing relief to taxpayers who could ...
1 day ago · Filing Income Tax Returns (ITR) is essential for individuals and businesses for the following: If individuals seek to obtain a refund from the Income Tax Department. If individuals intend to apply for a loan or a visa. If individuals have multiple income sources, such as capital gains or house property.
- ITR 1 is for Income from Salary/Pension and other sources.
- Depending upon the class, type of income, and overall income, the ITR forms are selected for filing income tax return for a particular financial ye...
- There is no fixed date for the release of ITR forms. The forms are released every year by the end of the respective financial year.
- In deductions u/s 16 in ITR 1, the profession tax should be declared on the ITR-1 form.
- For self-employed individuals, one must fill in either ITR-3 or ITR-4 form.
- Non-Resident Indians must fill in ITR-2 or ITR-3 to file their ITR returns for the respective financial year.
- If income is from salary or other sources of income, then ITR-1 is applicable. While ITR-3 would be used if commission is business income of the in...
- There are 7 types of Income tax return forms in India.
- Any individual taxpayer or a HUF can file ITR 3 if they get profits and gains from business or profession.
- You can get the highest refund of Rs.12,500 if the net revenue after deduction is less than Rs.5 lakh. .
6 days ago · This guide covers everything you must know about filing a belated return and how to do it. The last date to file belated return for FY 2023-24 (AY 2024-25) is 31st December 2024. File Now. Note: If the ITR is filed after the deadline, then a belated ITR can be filed only under the new tax regime.
- (4.4K)
- Tax2win
5 days ago · Efiling Income Tax Returns(ITR) is made easy with Clear platform. Just upload your form 16, claim your deductions and get your acknowledgment number online. You can efile income tax return on your income from salary, house property, capital gains, business & profession and income from other sources.
2 days ago · The TRPS or Tax Return Preparer Scheme is a tax filing service introduced by the Income Tax Department that offers tax filing services at the taxpayer’s doorstep.
People also ask
How does clear e-filing work?
What is income tax e-filing portal?
Why should you use e-filing portal?
How does income tax e-filing work?
1 day ago · Goods & Service Tax, CBIC, Government of India :: Home. What's New. Clarification regarding regularization of refund of IGST availed in contravention of rule 96 (10) of CGST Rules, 2017, in cases where the exporters had imported certain inputs without payment of integrated taxes and compensation cess - regarding.
