Eligibility for Income Tax Filing In India, the obligation to do ITR e filing arises under certain conditions. One of the primary criteria for Income tax e filing is when your gross total income exceeds the basic exemption limits, which are age-dependent: ...
Income tax return filing for an individual with salary income of less than Rs.5 lakhs. 2 Exclusive Offers Basic Tax Computation SheetAcknowledgement Copy Terms and conditions Refer a Friend Offers and discounts Enterprise Quote LEDGERS Invoicing PlatformInvoicing, GST Filing, Banking and Payroll ...
The government of India has made some changes to income tax forms that people need to fill out while filing their income tax returns. The new forms are called ITR-1 and ITR-4 and will be used for the assessment year 2024-25. Read PDF The IT department ha
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...
If you are an NRI, you would have to file your income tax returns if you fulfil either of these conditions which fall under section 115G Your taxable income in India during the Financial yeas was above the basic exemption limit (which for FY 2013-14 is Rs 2 lakh) ...
File your income tax returns in time to avoid last minute rush, late fees, interest, penalties and other statutory fines. The author can also be reached at connect@ujlegal.com Published by CA (CS) Ujjwal Jindal (Owner) CategoryIncome TaxReport ...
5. Codes for filling this Return Form (i) Under the heading 'Filing Status' in the Return Form the relevant box needs to be checked regarding section under which the return is being filed on the basis of following. Sl. No. i. ii. iii iv v vi. vii. viii. ix. How the return is...
be an employee. Self-employed professionals cannot be considered for HRA exemption under this act, as they do not earn a salary. However, they can claim benefits on the house rent expenses incurred under section80GG, which resembles section to 10 (13A) but is subject to certain conditions. ...