Income Tax Return filing is mandatory for Taxpayers whose income exceeds the prescribed income limit. ITR Filing process is regulated under the Income Tax Act 1961.
Assessment Year: Income Tax return, ITR, is bound to an assessment year. For income earned in FY 2015-6 assessment year is AY 2016-17. Income Tax return forms(physical and excel) of AY 2016-17 and AY 2015-16 are different,. A revised return for the correct assessment year needs to b...
if you forget to claim it then you can revise your return within a specified period of time and claim the refund in the revised return. When you file the ITR if tax paid is more than tax due you would
An income tax return can be filed online by the individual assessee under forms ITR-1, ITR-2, ITR-3, ITR-4, ITR-5, and ITR-7 according to the source of income of the assessee. The returns can also be filed by an assesses earning below the tax slabs. Non-compliance with the ...
After that just convert the format of the file to JSON format. Now upload the particular file on your Income-tax portal. Below are the features of the Govt I-T portal: Easy ITR filing and quick refund process for taxpayers Taxpayers can easily see their all interactions, uploading files,...
Log on toincometaxindiaefilingwebsite Prepare Return just like like you filed the first time, correcting or filling what had got omitted earlier. Go to part of ITR withFiling Status, PART-A General, for example shown in image below (Fill Excel ITR form : Personal Information,Filing Status)...
E-filing : Excel File of Income Tax Return How to Calculate Income Tax Form 12BB is just a standardization of the income tax deductions that an employee can take. It is to ensure that employer collects all required proof for income tax deductions claim. Do you think Form 12BB was required...