Category: Income Tax e-Filing
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Things You Need to Prepare Before Filing ITR 1 for FY 2017-18
31st July is already being in talks. Specially for the newly levied penalties under section 234F, which can cut down your pocket up to additional ?10,000/-. Before you start filing ITR for FY 2017-18, let’s get handy with the documents and details needed in the process. For a hassle free ITR filing, first requirement is…
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ITR Filing: 11 Frequently Asked Questions on Income Tax Return Filing
When it comes to filing Income Tax Return (ITR), most of us get scared. We have created an air of fear around the whole concept of income tax. This fear is nothing but lack of knowledge & guidance related to income tax return filing. With the aim to relieve everyone of this fear & reluctance.…
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How do I Fill Salary Details in ITR 1 Sahaj Form for FY 2017-18
Do you earn income from salary? Then you must be worrying about filing your ITR 1 form FY 2017-18. Well, it’s a topic worth worrying coz of new salary details asked by the Income Tax Department. Till FY 2016-17, while filing income tax return (ITR), the only details required were of gross salary/ pension income.…
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How To Fill Deductions In ITR 1 Sahaj Form
Do you want to save money? The answer to this question is an obvious YES! Who doesn’t want to? We’ve got some good news for you. If you are filing your ITR using form ITR-1 or Sahaj Form then you can save lot of money. You must be aware that income tax return is required…
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7 Must Have Documents While Filing ITR 1 Sahaj Form
Imagine you are in middle of something important like filing ITR & all of a sudden you realize that a document is missing. It feels frustrating right?That’s why we bring to you some last minute must have documents while filing your income tax return.Although, there are many different ITR forms and the requirement of documents…
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How To Calculate House Property Income for ITR 1
Do you own a house? Or do you earn income from rent? If yes, then you need to take care while selecting which ITR form to use while filing your return.As income from house property needs to be considered in your ITR. Failing to which can invite troubles for you.There are basically 2 situations for…
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Fees for Delay in Filing Income Tax Return u/s 234F
In the wake of increasing the tax payers base multifold and ensure a strong control over compliance in the country. The income tax department has been putting lot of efforts for last couple of years by constantly spreading the awareness on a mass scale via different mediums like TV, radio, newspaper ads, social media etc.,…
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Missed filing income tax return for FY 2015-2016 & FY 2016-2017
We come across a lot of people, some are always late for everything and some are bang on time. Laziness, unawareness or busy schedule whatever the reason maybe if you are one of those defaulters who missed the last date (March 31, 2018) to file income tax returns (ITR) for the financial year 2015-16 and…
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How To Check If My ITR Is Filed With Income Tax Department
Income tax return filing, this one term has so much embedded in it. There are a series of activities which take place after filing ITR. The return shall be submitted, verified and processed. How to be sure that the return you filed has actually reached to the Income Tax Department? Being income tax filers we…
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Is NRI having Interest income from NRO account required to file Income Tax Return in India?
NRI comes with a bundle of increased responsibilities. You need to comply with both Indian and international taxation laws. After leaving India, many people do not have any income source in India other than Interest Income from NRO account. The next question that comes to one’s mind is “Is NRI having Interest income from NRO…