Everyone’s scrambling and asking us how to prepare, file and pay for their Annual Income Tax. With this, to help you understand the 101s on filing your Annual Income Tax Return, we created this guide. What is the Annual Income Tax Return or ITR for? The Income Tax Return or ITR that...
You can file ITR 1 & ITR 4S online (without using the excel ITR file). In this post, I am providing step-by-step guide to file these returns on Income tax efiling website. As the due date for income tax is 31 July, you need to make sure that te returns are file on time. Fro...
Moreover, when it comes to recent tax updates in income tax regulation, you need not worry about how to file an ITR correctly. There have been no major changes to tax rates for NRIs in the 2024 budget. Optimising tax returns and financial planning for NRIs Filing your ITR isn’t...
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...
You just can't ignore Income Tax Stay Updated on Income Tax, Investing, EPF etc Join our Telegram Channel(BeMoneyAware) The last date to file ITR for individuals for FY 2023-24 (AY 2024-25) is 31 Jul 2024. Details here Learn Properly How to show Capital Gains on Mutual Funds, ...
The return filed in response to notice under section 148,for the assessment of the escaped income, can also be revised provided that for such return all the provisions of section 139 shall apply Procedure to file Revised Return To file Revised Income Tax Return gather following information: ...
https://eportal.incometax.gov.in/iec/foservices/#/login The Income Tax Department has introduces 7 types ofITR forms:ITR1,ITR2,ITR3,ITR4, ITR5,ITR 6, andITR 7. Based on the type of income, people are required to file the ITR form that applies them. The sources of income could ...
There are common ways to correct the errors in income tax payments made by taxpayers in India. Before that, the taxpayers should know that ITR can be filed to the credit of the government in two ways: Through online payments (by visiting the ‘Quick links’ tab present on the e-...
Once you've followed all the steps, the page title will now be Return Search and should show the ITR12 returns you are busy with. If you have already created your income tax return for the relevant year (it should be listed), jump to STEP 3 below.Otherwise, select a tax year from ...
After this time, you must file an Income Tax Return if you have not yet recouped the loss. Fortunately, it can carry the loss forward for up to eight years. Loss of Short-Term Capitals It is possible to utilise a short-term capital loss on the sale of stock shares to offset a long...