The internet connectivity empowers you to file the ITR electronically from the comfort of your home. Income Tax Department-approved software allows for easy e-filing. You can file the income tax return in two ways: Offline and Online. OFFLINE PROCESS For this, download the ITR that is applica...
Using a variety of factors to ensure easy compliance with income taxes, the income-tax department categorizes taxpayers based on their income and source of income; and subsequently, lets them file their Income Tax Returns (ITR). Since taxpayers have different income categories, they have to fill...
2 ) Choose the right Income Tax form– If you are salaried person and have no Income from Business & profession, then it is likely that you need to file return in ITR 1 or ITR 2 or ITR 2A. There are some conditions that who can file return in ITR 1 –( Read my post on Which ...
Download the ITR U Excel utility fill it from Income Tax e-filing portalfor theAsssement Yearyou are interested in. Go to the Download section of the Income Tax Site (https://www.incometax.gov.in/iec/foportal) andselect the AYfor which you want to file Updated ITR. Check our articleDi...
How to compute your Annual Income Tax or ITR dues Before you begin, you’ll need to check whether you’re on the 8% Income Tax Rate or the Graduated Income Tax Rate. The easiest way to do this is to check your Certificate of Registration from the BIR. This will indicate which tax sc...
After e-verifying the ITR, CPCtakes normally a month’s timeto process the ITR. But, if you are sending ITR-V by physical means to the CPC then it may take some more time. The income tax department has to process the ITR within the expiry of one year from the end of the financial...
However I do sometimes still hear people saying they don’t need a tax shelter – often flagging small initial sums or extra admin hassle as justification. This is wrong-headed. If you’re going to be a successful investor, you need a tax-efficient investment strategy from day one. It wil...
Download: Download full-size image Fig. 1. Trade balance and output gap Note: TBY is the trade balance in % of GDP; YGAP is the output gap in %. Source: AMECO. Fig. 2 illustrates DE-ES differences with respect to the co-movement between TB and indicators of price competitiveness, na...
In a culture which only values the winner and pays no attention to the ordinary players ,they strongly blame competition. Among the most vocal are youngsters who have suffered under competitive pressures from their parents or society. Teaching these young people, I often observe in them ...
The persons having income from the following sources are eligible to file ITR 3: Business or profession (both audited and non-audited cases) Income from individual properties, pensions, salaries, capital gains, and other sources of income may be included in your tax return. ...