The ITR 1 Sahaj form is a one-page simplified return form introduced by the government for salaried individuals to ease the filing process. Only salaried
Category: Income Tax
Cash of over Rs 2 lakh can be used to pay credit card bills – The Economic Times–05.07.2017
Cash of over Rs.2 lakh can be used to pay credit card bills, with the Central Board of Direct Taxes relaxing norms that barred such
Form 26AS: What is it and how does it help in filing income tax return?–Economic Times–05.07.2017
By Shalini Jain, Tax Partner, EY India The due date for filing your tax return is fast approaching. One of the most important documents that
CBDT softens cash transaction norms–Business Line–05.07.2017
Exempts certain payments from the ₹2-lakh limit The Central Board of Direct Taxes (CBDT) has exempted certain cash transactions from the purview of the ₹2-lakh
Tax audit form revised, new disclosures mandated–Business Line–05.07.2017
The Central Board of Direct Taxes (CBDT) has revised the tax audit form (3CD), stipulating more disclosures of information including those on monies received for
How to set off loss of income from house property; Find out in brief–Financial Express–04.07.2017
The limit of Rs 2 lakh is applicable irrespective of the nature of house property (i.e. whether self-occupied or let out or deemed to be
Tax on rental income depends on owner’s business–Business Stanard–03.07.2017
Classifying the rent you receive from a property can be confusing when filing income tax (I-T) returns. The money received can be included in the
Self e-filing made easy–Business Line–02.07.2017
If you know a bit about tax laws and are internet-savvy, you can easily file your returns on your own in the tax department’s website
File revised tax returns within stipulated timeline–Business Standard–02.07.2017
Taxpayers are typically cautious and exercise due care while filing income tax (I-T) returns. But very often, in the rush to meet deadlines, many of
Income Tax scrutiny notices to be e-served – The Economic Times–29.06.2017
The Central Board of Direct Taxes (CBDT) has decided to go entirely paperless when it comes to serving income tax (I-T) notices to taxpayers
E-filing ITR: Govt’s income tax website or private websites? – The Economic Times
The private websites use cloud-based user interface, which eliminates the need to download any software. Salaried individuals would have started getting the Form 16 from
Ten rules you must follow while filing income tax return – The Economic Times–Economic Times–27.06.2017
All of us believe that we are paying a lot of tax. Well, the time has come to record it as well. By filing your
Top 5 common mistakes to avoid while filing your income tax returns
Tax With the due date of July 31 fast approaching, it is that time of the year again when the taxpayers need to file their
Dread filing tax returns? Forms you need to file to claim I-T refund–Business Standard–25.06.2017
There are total 7 ITR forms available for e-filing. Out of theses 7 forms, only ITR 1, 2, 3 and 4 are applicable for the
CBDT notifies new scrutiny notices with e-facility for taxpayers – The Economic Times–24.06.2017
The CBDT has notified revised income tax scrutiny notices that will allow taxpayers to conduct their business with the taxman over the Internet without needing
Dread filing tax returns? Ready reckoner on the forms you need to fill–Business Standard–23.06.2017
There are total 7 ITR forms available for e-filing. Out of theses 7 forms, only ITR 1, 2, 3 and 4 are applicable for the
ITR E filing: E-filing income tax return: How individuals can upload any ITR using excel utility – The Economic Times—-16-06-2017
Only ITR 1 and ITR 4 forms, filed by the individual taxpayers, can be filled online without downloading any software. Every year the Income tax
Income tax mop-up begins on strong footing, up 26.2% till date–16-06-2017
Net income tax collection till June 15 grew at a healthy 26.2 per cent to Rs 1,01,024 crore from across the country as of June
Capital gains: How to calculate capital gains – The Economic Times–15-06-2017
If the assessee can understand the meaning of each term associated with calculation of capital gains, he can easily compute on his own. Computing capital
ITR-Links–Economic Times–15-06-2017
via Income tax return: How to file ITR for FY 2016-17 and all the links you need
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