Paying taxes contributes to the development of a country. By filing an ITR, you're being accountable and fulfilling your duty as a citizen. Documents required to file an ITR For salaried employees PAN Aadhaar Form 16 issued by the employer ...
Filing Income Tax Returns is obligatory for individuals/entities whose income exceeds the taxable threshold each Financial Year. According to the Income Tax Act, 1961, taxpayers must settle their tax... Export Import Code ₹2499 *Exclusive of taxes ...
Education is not cheap. Most of us have opted for an education loan. One of the benefits of ITR filing is that we can claim a deduction oninterest paid on education loans HRA (House Rent Allowance) Salaried individuals living in a rented house can claim HRA, if not included in salary, ...
ITR now come with astandard deduction, For Salaried and Pensioners. While filing ITR, the maximum amount ofstandard deductionthat can be claimed by asalaried individual/pensionerisRs 40,000for the financial year 2018-19, as shown in the image below (It was increased to 50,000 Rs for FY 201...
After e-filing Sending ITR-V If you don’t e Verify then you have to do On-line filing can be done with or without digital signature.But, for those filing it without using the digital signature, it is mandatory to submit the ITR-V form generated on-line, to the income tax officials...
Is there some fine or payment for filing Income Tax Return? No there is no fine or payment to be made for filing revised return. As you have already filed original return within due time, therefore no need to pay interest u/s 234A,but if any tax is due then you have to pay interes...
Ex: Mr. Raj is a salaried employee. In the month of April 2018, he purchased equity shares of SBI Ltd. (listed in BSE) and sold the same in December 2019 i.e., after holding them for a period of more than 12 months. Hence, shares will be treated as long-term capital assets. ...
only part of the year,the HRA exemption is allowed only for that period.HRA is available only for the period during which the rented house is occupied by the employee. So if you stayed in the house for 5 months and then moved to your own house, you can claim HRA only for the 5 ...