How to file ITR
- How to download Form-16A, interest certificate for SBI
- How to download Form-16A, interest certificate for HDFC bank
- Income tax return filing deadline for FY 2019-20 extended to Nov 30, 2020
- PAN-Aadhaar, Tax saving, Form 16, belated ITR filing deadlines extended again
Videos on ITR filing
- ITR-1 e-form for FY 2019-20 now available on income tax department website
- Tax on gifts: Documents that you should have
- How to calculate income tax online
- Not got your income tax refund yet? Here's how you can raise a re-issue request
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What is TDS and why you need to submit tax-saving proofs7 Feb 2018, 11:07
Types of income tax notices and penalties for various offenc...31 Jul 2018, 17:45
There is a provision in Income Tax Act through which an individual can file a belated return.
After uploading ITR, if you want to make changes in, say, your bank account, address etc., you can update them through 'Change ITR Form Particulars' option on the e-filing portal.
You can file a belated ITR before the end of the relevant assessment year. However, a penalty will be levied.
If you file your return after midnight of Aug 31, then you are liable to pay a late fee of upto Rs 10,000.
Section 139(5) of the I-T Act states that after filing their return, if someone discovers any omission or wrong statement, he can furnish a revised return.
You can verify your ITR either electronically, using OTP, EVC, or physically by sending a signed copy of ITR-V to CPC, Bengaluru.
Recently, CBDT had issued a circular according to which every income tax notice issued by the department will have a computer-generated Document Identification number.
This notice is sent to you on your registered email ID to inform you whether income tax calculation in the ITR filed by you matches that of the tax department.
An ITR filed but not verified is treated as an invalid return by the department. It would mean that you have not filed the ITR for a particular assessment year.
If you file your ITR before the deadline of Aug 31, you can avoid paying a penalty of up to Rs 10,000.
After filing your return if you have not verified it within 120 days, then it will not be considered as valid.
Individuals can file ITR-1 either by downloading excel utility from e-filing website or by 'Prepare and Submit Online' option without downloading any software.
In this article, we explain the quickest way to file the return in Form ITR-1 using illustrations.
It is now easier to claim HRA exemption- you just need to copy details from Form-16 and paste them in ITR-1.
LTCG on transactions in listed equity and equity mutual fund units in FY 2018-19 is to be calculated as per a new tax regime introduced in Budget 2018.
As per the Income Tax Act, a person is required to file his/her return in the relevant assessment year by July 31 (unless deadline extended) to claim the refund.
Mistakes while filing ITR can fetch you a tax notice. Here's how you can respond to such tax notices.
CBDT has clarified that only foreign assets acquired as per the relevant accounting period of the foreign country have to be reported while filing ITR for FY 2018-19.
During processing the department checks if there are any discrepancies between the income declared and the tax paid by you and the data available to them.
Documents such as rent receipts, section 80C tax saving documents etc. which prove the claims made by you in your tax-return are advised to be kept safely.
While most tax payers are aware that interest income is taxable, there are a few types of interest income that they are likely to forget to include.
The income tax department has tweaked the process of claiming the tax refund from this year.
For more than one Form 16, prepare a revised statement of income and tax liability to make sure that the tax is calculated as per the correct slab.
The deadline to file income tax returns has been extended to August 31, 2019.
While depositing self-assessment tax or advance tax during the year, you may have selected the wrong assessment year which could lead to a discrepancy.
If you have filed your income tax returns with a refund request, here is a step by step guide for you to track the refund status due to you.
Here are three common TDS-related queries answered by the income tax department.
Pre-filled forms will soon be able to pick salary breakup directly from an individual’s Form 16.
Every taxpayer should verify and validate the TDS certificate before claiming any tax deduction.
As per income tax rules, you should claim credit for TDS on income that is paid or accrues to you in the same financial year as the TDS is deducted.
Here's a short quiz to help you understand if you are on the right track to file your income tax return.
E-filing Lite is a lighter version of the e-filing portal of the tax department, which enables quick access to the portal and faster filing of ITR.
In Budget 2018, LTCG was made taxable. This rule applies for transactions made on or after April 1, 2018, and will be applicable for FY 2018-19 onwards.
Given here are some queries answered by the tax department for filling up ITR forms for FY 2018-19.
You can get an 'invalid XML error' message if you have altered or edited the XML file generated from the ITR utility/form before uploading the same to the portal.
Form 26AS is a statement containing details of all the taxes that are deducted during the FY from your income and deposited against your PAN to the government.