What is the Annual Income Tax Return or ITR for? The Income Tax Return or ITR that most people refer to is actually the annual tax form that individuals file every April 15th of the following year. This form summarizes all of the income (or loss) you have incurred for the past year. ...
As the due date for income tax is 31 July, you need to make sure that te returns are file on time. From April 2018, tax rules have changed and a penalty of upto Rs 10000 will be levied if the return is not filed on time. Also, the ITR revision time limit is also changed from ...
A belated income tax return refers to an income tax return that is filed after the due date specified by the Income Tax Department. The due date for filing income tax returns (ITR) is July 31st of the assessment year. If you miss the due date for filing your ITR, you can still file ...
The ITR-2 is filed by the people or Hindu Undivided Families who do not have income from profit or gains of business or profession and to whom ITR-1 is not applicable. Included in this category are capital gains, foreign income, and agricultural income greater than Rs. 5,000. Easy Tax ...
Filing ITR-4: Form ITR 4 can be filed both online and offline. Find steps to download the Income Tax Return forms including (latest updates).
Here’s what you can do, in case you forget to submit Form 15G on time and TDS has already been deducted: Option 1: Claim your TDS refund by filing the income tax return. One & the only way to get an income tax refund is to file ITR, income tax refund. Once any bank or deduct...
The Compliance portal also enables a seamless, secured two way structured communication to enhance the transparency and functional efficiency of the department. If you have not filed the ITR, then you may be required to file ITR. If you have filed ITR without certain incomes, then you may be...
Download the application form from NSDL/UTIITSL website. Complete the form, attach the supporting documents for POI/POA. Submit duly filed form with NSDL/UTIITSL. You will receive your PAN Card within 15 working days. ONLINE PROCESS:Person who wish to apply online for PAN Card could do so...
ET Money takes care of these calculations as well, so you don’t have to spend hours learning tax laws online. When declaring mutual fund investments in ITR, you’ll need to select either ITR-2 (if you’re a salaried individual with capital gains) or ITR-3 (if you also have income ...
Keep a copy of the challan (online payment receipt or Challan 280 copy) for record-keeping during ITR filing. The last date for the current installment (March 2024) is March 15th, so ensure you pay before the deadline to avoid interest penalties. ...