Everything you need to know about Income Tax Return in India

As per section 139(1) of the Income Tax Act, 1961 , the individuals whose total income during the previous year exceeds the maximum amount which is not chargeable to tax, are required to file their income tax return (ITR). The process of electronically filing of the income tax returns is known as e-filing.  The due date for filing the tax returns [...]

By | May 26th, 2017|Categories: itr|0 Comments

What is the time limit for completion of assessments?

Time limit for completion of assessments and reassessments [Section 153]:- (1) No order of appraisal shall be made under section 143 or 144 whenever after the expiry of 2 years from the end of the assessment year in which the income was first assessable [Section 153(1)]. (2) No order of evaluation, reassessment or precomputation shall be made under section 147 [...]

By | May 3rd, 2017|Categories: itr|0 Comments

Guidelines to Digital Signing of ITR & other utilities

The tax department has however aimed at making life easier for the taxpayers, by bringing in newer ways in order to e-verify the tax returns. The Taxpayers who however have a digital signature can thus sign their returns using a  DSC (Digital Signature Certificate). This digital signature certificate also have several uses – DSC can thus be used in order [...]

By | May 2nd, 2017|Categories: itr|0 Comments

Confused? Which ITR shall I file: ITR 1, ITR 4, ITR 4S?

The taxpayers while filing their income tax return are required to determine which type of Income Tax Return they are required to file before actually filing their returns. This form entirely depends on the income that the taxpayers earn or in some cases when the taxpayer holds assets in a country other than India or earns income from a country other [...]

By | May 2nd, 2017|Categories: itr|0 Comments

All you need to know about the new process to sign ITR V with DSC at TaxRaahi

The tax department has however aimed at making life easier for the taxpayers, by bringing in newer ways in order to e-verify the tax returns. The Taxpayers who however have a digital signature can thus sign their returns using a  DSC (Digital Signature Certificate). This digital signature certificate also have several uses – DSC can thus be used in order [...]

By | May 2nd, 2017|Categories: itr|0 Comments

How can you e-file income tax return without using Digital Signature?

ITR is required to be filed online with the  Digital Signature which is, however, mandatory  and thus for which only e-file income tax return is although mandatory but the filing of ITR  with the Digital Signature is generally not  considered as mandatory. A Return can thus normally be filed in following modes:- (i)  furnishing of  the return in a paper form; [...]

By | April 29th, 2017|Categories: itr|0 Comments