ITR Forms for A.Y. 2017-18

By |2017-07-27T12:36:42+00:00July 1st, 2017|Categories: ITR Filing, ITR Forms|

Before talking about ITR forms, let's first understand that what is ITR. The income tax return is a statement of the incomes of an individual from different sources and the tax that is to be paid on that income. It also acts as a proof of the tax that is being paid by the Assessee. ITR [...]

ITR 4 Form

By |2017-07-27T12:55:19+00:00June 30th, 2017|Categories: ITR Forms|

Introduction The ITR 4 Form is the form which is applicable to those taxpayers who have chosen for the presumptive income scheme as per Section 44AD, Section 44ADA and Section 44AE of the Income Tax. If the turnover of the business mentioned above more than  Rs 2 Crores, the taxpayer will have to file ITR 3. Eligibility [...]

What is ITR V ? How to download your ITR V Form?

By |2020-03-16T10:28:18+00:00June 29th, 2017|Categories: ITR Filing, ITR Forms|Tags: , , , , , , , , , , |

Introduction ITR V is required to be submitted at the time of e-filing of Income Tax Return. This article is all about what is this form and why is it required to be submitted physically when we have already submitted the ITR Form online. What is ITR V? ITR V means income tax return - verification is a [...]

ITR 3 Form

By |2017-07-27T12:54:15+00:00June 29th, 2017|Categories: ITR Forms|

Introduction ITR 3 is applicable for those Individuals and HUFs who have income from proprietary business or are carrying on any profession. The persons having income from following sources are eligible to file ITR 3: Carrying on a business or profession Return may include income from House property, Salary/Pension and Income from other sources ITR 3 [...]

ITR 1 Form

By |2020-09-09T09:54:04+00:00June 29th, 2017|Categories: ITR Forms|

Introduction One of the simplest forms for filing income tax returns (ITR) is ITR 1 Form (also called Sahaj) because it applies to the most of the salaried employees and pension holders. However, it does not apply to all categories of salaried employees. In this article we will talk about ITR 1, eligibility for filing, non-eligibility to [...]

ITR 2 Form

By |2017-07-27T12:51:26+00:00June 24th, 2017|Categories: ITR Forms|

Introduction  ITR 2 Form is the Income Tax Return form for Individuals and HUFs who do not have any income from Proprietorship Business or Profession. The due date of filing the ITR 2 form for the Financial Year 2016-17 is 31st July 2017. This article focuses mainly on ITR 2, Categories of taxpayers eligible/not eligible to file ITR 2, Structure [...]