What are the various ways to file your ITR?

Income tax is the tax which is levied on the profit or we say income earned during a financial year by the end of the year the tax is paid by the estimate taken from the last year. As per section 139(1) of the Income Tax Act, 1961 in the country, individuals whose total income during the previous year exceeds [...]

By | March 17th, 2017|Categories: itr|0 Comments

ITR Forms prescribed under the Income Tax Act, 1961

Income tax is the tax which is levied on the profit or we say income earned during a financial year by the end of the year the tax is paid by the estimate taken from the last year. This tax is imposed on every Individual, Hindu Undivided Family, Company, partnership firm or any sole proprietors or any other artificial juridical [...]

By | March 17th, 2017|Categories: itr|0 Comments

Made a mistake in your income tax return? Here’s how to correct it .

Income Tax Return is a proof that the person has paid his  income tax. It contains the details about his  annual income and the amount of tax which he has  paid. Every year, Indian citizens who thus earn taxable income are required   to file Income Tax Return (ITR). Filing ITR will help  him  in getting a refund in case [...]

By | March 16th, 2017|Categories: itr|0 Comments

IMPACT OF DEMONITISATION ON INCOME TAX RETURN FILING

Introduction: Impact of demonetization on ITR filing - On November 9, 2016, Prime Minister of India, Mr. Narendra Modi declared that 500 and 1000 rupees currency note will cease to be legal tender. The objective of this decision was to curb black money, corruption in the market and to prevent the evasion of tax. With the help of Central bank and [...]

By | March 14th, 2017|Categories: itr|Comments Off on IMPACT OF DEMONITISATION ON INCOME TAX RETURN FILING

Incentives of Filing Tax Return well on Time

What is tax return? Income Tax Return is a proof that the person has paid his  income tax. It contains the details about his  annual income and the amount of tax which he has  paid. Every year, Indian citizens who thus earn taxable income are required   to file Income Tax Return (ITR). Filing ITR will help  him  in getting [...]

By | March 14th, 2017|Categories: itr|0 Comments

How to easily file income tax returns online?

According to section 139(1) of the Income Tax Act, 1961 in India, any individual whose total income during the previous year is greater than the maximum amount not chargeable to tax, are liable to file income tax return (ITR). Income Tax Return is a proof that the person has paid his  income tax. It contains the details about his  annual income [...]

By | February 11th, 2017|Categories: itr|0 Comments