If you find yourself in this situation, don’t panic. While penalties and fees are associated with filing your ITR after the due date, it’s still better to file late than not at all. In this blog post, we’ll go through the step-by-step process of filing income tax returns after t...
An individual who owns unlisted equity shares of a company or is a Director of a company will be required to file their returns in ITR-2. Individuals Ineligible to file ITR 2 for AY 2020-21 and AY 2021-22? Let’s learn who cannot file or is ineligible to file the ITR 2: Any indiv...
However, it must be noted that an individual who files the return of income under section 139(4A) or 139(4B) or 139(4C) or 139(4D), will not have to file ITR5. Individuals Ineligible to file ITR5 Here is a list of categories who are not required to file the ITR5 form: Individua...
Form 1701– Use this ITR form if 1) you are a mixed-income individual, meaning you are an employee AND also earning income from a business or side profession (ex. consultancy work, freelance writer, etc.) or 2) if you’ve chosen Graduated Tax rate with an Itemized Deduction Method Form...
Explore the crucial role of income tax filing in personal and national development. Get a detailed guide on how to file your Income Tax Returns (ITR).
How to file Revised Income Tax Return ITR If an individual has already filed the income tax return and subsequently discovers any omission or wrong statement , he can re-file the return with necessary modification.This re-filing of the income tax return is referred to as Revised Return....
An updated ITR (ITR-U) can be filed irrespective of whether an individual has filed an original, belated or revised ITR or has completely missed filing the form in a particular financial year. A taxpayer could file only one updated return for each assessment year(AY). ...
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HOW TO COMPLETE YOUR INDIVIDUAL INCOME TAX RETURN ( ITR12 )Leung, K KFong, W KChan, P K LSurya, C
Complete details about how to download and view Form 26AS through the new income tax filing portal so follows steps: Step 1: Open the government official website: https://www.incometax.gov.in/iec/foportal/ Step 2: Logon to the new ITR E-filing Portal 2.0 Step 3: After that go to ...