(if there is only long term capital gain exempt u/s 10(38) then ITR-1 can be filed) The taxpayers who do not require to file the ITR-2 form are as follows: Taxpayers who earn from business or profession Taxpayers who are eligible for Income Tax Return 1 filing. File ITR 2 Via ...
Income tax rules applying to non-residents are slightly different from those for residents. The income that NRI earns abroad is not taxable in India. But if an NRI earns income in India, in the form of interest from deposits, property rent, etc then it is taxable. This income, earned in...
Interest and dividend income on investments in India Income from Business or Profession carried on in India You should reconcile your income with Form 26AS and AIS. You can also determine the tax deducted at source (TDS) on such income. Furthermore, you can reduce your taxable income ...
File your FY 2023-24 (AY 2024-25) Income Tax Returns online easily with Myitronline. Upload Form-16, check TDS, refund status. Trust us for tax solutions.
Filed Under:Income Tax·Tagged With:Income Tax,ITR,MF,NRI PIO,Tips,ULIP [Read more...] Here are the top 15 income tax related articles from RaagVamdatt.com that would prove to be very useful while you prepare and file your income tax returns. …...
Can an e-return filed with one ITR Form say ITR-1 be revised in any other ITR Form Yes. However, the taxpayer should use the form as applicable. Ref:Top CA Firms When can Income Tax Return be revised? Revised return can be filed only if the original return was filed within due date...
ITR Form ITR-1: SAHAJ For individuals with annual income below Rs. 50 Lakhs from salary or pension.Must have only one house property. ITR-2: Beyond Business Suitable for NRIs, Directors of Companies, and shareholders of private companies.If you have capital gains income, foreign income, or...
File your FY 2023-24 (AY 2024-25) Income Tax Returns online easily with Myitronline. Upload Form-16, check TDS, refund status. Trust us for tax solutions.
for repayment of principal component of the home loan ,claimed in earlier years under section 80c , will be considered as your income (in addition to capital gains) in the year in which you sell the property. However, the housing loan interest deduction claimed under section 24(b) won’t ...
in the form of interest from deposits, property rent, etc then it is taxable. This income, earned in India, has a basic limit of exemption. This article explains abut NRI and ITR,who is NRI,Tax and TDS on various kinds of income for NRI, example bank accounts,fixed deposits,mutual fund...