Association of Persons (AOP) is a group of people or entities (which includes LLPs, firms, and companies) who come together to achieve a common objective. For example, a company and an individual can join and form an AOP for a mutual benefit. Body of Individuals (BOI) Body of Individual...
4.Which ITR form to fill for Tax Returns for AY 2019-20? 5.How to Claim Tax Exemptions while filing ITR? 6.Use Challan 280 to Pay Self Assessment Tax Online 7.Form 26AS – Verify Before Filing Tax Return 8.5 Ways to e-Verify your Income Tax Returns 9.What if You DO NOT file you...
Which ITR should NRI file? The ITR to be filed is same for NRI and Resident. It depends on type of Income earned. Our articleWhich ITR Form to Fill?provides overview and also suggests which ITR to fill. Which ITR to filI Do NRIs have to pay advance tax? Just like resident, If NRI...
The limit of 6 years shall apply to all Income Tax authorities having powers to pardon the delay including the board.A condonation application (pardon) should be disposed of within 6 months from the end of the month in which the application is received. In a case where refund claim has ar...
The e-filing portal offers the option to file now and pay later, where individuals or businesses can decide on a date on which income tax will be debited from their account. Additionally, they provide direct deposit for refunds and direct debit for tax payments. Documents Required to File IT...
I retired in Jan,2021 My gross income Including commutation of PF, gratuity, leave incashment, interest income is more than Rs 50lacs, but taxable is less than 27 lac, which form reqired to be fill ITR 1 or ITR2. I have income from salary, divided,, interest income only Reply Rajesh...
Which ITR Form Do You Need to Fill? ITR-1 (SAHAJ) Return Form The ITR-1 (SAHAJ) Return Form is specifically designed for resident individuals who meet certain criteria regarding their income sources. Here are the key points to note: ...
Income from a business, which is computed on a presumptive basis (Gross Turnover up to Rs. 2 crores). Income from a business, computed on a presumptive basis (Income from goods carriage up to ten vehicles). Income from a profession, computed on a presumptive basis under Section 44ADA (Gr...
Form-16B:For TDS on the sale of the property. Form-16C:For TDS on rent. Form 26AS:Your tax credit statement, which shows all taxes that have been deposited against your PAN. Deductions and exemptions-related documents Interest Certificates:These are from banks and post offices for savings ac...
So again, these are the things that you can download and keep a copy of which you can get from your TAX DUES > PAST FILINGS Tab: Copy of your filled out tax form (1701A or 1701) Copy of your BIR Confirmation Copy of your payment record (if you had tax dues to pay for 1701A or...