If you miss the due date for filing your ITR, you can still file a belated return, but you may have to pay a late filing fee and interest on any outstanding tax liability. Step-by-Step Process to File IT Returns After Due Date Online Step 1:Log in to your Income Tax e-Filing port...
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...
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...
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 ...
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 a
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).
Please file your ITR on time:The last date of filing Income Tax Return (ITR) is31 July 2019.From FY 2018-19 If taxpayers – individual or corporate – forget to file their income tax returns by the due date, theywill not be allowedto claim tax breaks on investments, children’s school...
Updated ITR , ITR U Utility Video about Updated ITR This YouTube video from Income Tax explains what is updated ITR and how to file Updated Income Tax Return (ITR U) What is the penalty on Filing ITR Late Check out our course on Income Taxhere. ...
In AY 2020-21, the following key changes were made to the ITR-6 Form: Schedule 112A is a separate schedule for evaluating the long-term capital gains on the sale of equity shares or units of a business trust that are subject to STT. ...
Here are all the steps on how to file your ITR if you don't have Form 16: 1. Calculate your income from your salary slips To be able to file your income tax return without a Form 16, you will require your salary slips. So if you're planning to bolt out of your current job ...