FAQ on Which ITR Form to File – Clear All Your Confusion!

FAQ on Which ITR Form to File – Clear All Your Confusion: Taxpapers or a tax professional recommend reading “Which ITR form should I file” before reading these FAQs. If you still have any questions, please read these FAQs. Test your knowledge on which ITR form to file by attempting the MCQ. Q1: How many … Read more

Which ITR Form Should You File for AY 2023-24?

Which ITR Form Should You File for AY 2023-24: It is important to determine the appropriate form to use when filing income tax returns. To facilitate the filing of income tax returns, the income tax department has introduced a variety of forms. However, selecting the correct form can often be difficult for taxpayers. There are … Read more

Who Should File Income Tax Return (A.Y. 2023-24)

Who should file income tax return (A.Y.2023-24): According to the Income Tax Laws, if a resident individual has earned a total income exceeding the basic exemption limit during the financial year, he or she must file an ITR on a mandatory basis. If you opt for the old income tax regime, the basic exemption amount … Read more

ITR Filing Due Dates FY 2022-23 AY 2023-24

In FY 2022-23 (AY 2023-24), the last day to submit an Income Tax Return (ITR) without a late fee is 31st July 2023. Those who file their returns after the due date will have to pay interest under Section 234A and a penalty under Section 234F. ITR Due Date A.Y. 2023-24 (F.Y.2022-23) The following table … Read more

How to View or Download Form 26AS on New Portal?

Form 26AS is a consolidated tax statement which has all tax-related information such as TDS, TCS Refund etc associated with a PAN. It is also called an annual statement. It shows how much of your tax is collected by the government. It is a consolidated statement from multiple sources like your salary/ pension/ interest income … Read more

Do’s & Don’t for Printing & Submitting ITR-V to ITD CPC

The procedure for e-filing of income tax returns is completed when you verify your return. So, to verify the return you have two ways as follows; Sending a physical copy of ITR-V to CPC, Bangalore; or e-verify your income tax return Updates: In accordance with the CBDT notification, the 120-day time limit continues for ITRs … Read more

How to View All Filed Income Tax Returns Online?

How to View All Filed Income Tax Returns Online: Sometimes, you might forget whether you filed or e-Verified your income tax return for previous years. If you want to know how many income tax returns you have filed online, it is very easy to do so. In addition, you can find out what dates your income tax … Read more

How to e-Verify ITR with DSC 2022 (Updated)

How to e-Verify ITR with DSC 2022: In this article, we will discuss how to e-verify income tax return through digital signature certificate (DSC) 2022. We will cover all the guide which is applicable on new income tax portal i.e. incometax.gov.in. It is very simple procedure to e-verify income tax return (ITR) through DSC. The … Read more

How to e-Verify ITR through ATM (Updated)

In this article, we will discuss how to e-verify income tax returns (ITR) with a bank ATM. As you all know that income tax return verification is mandatory after e-filing. There are two ways to verify income tax returns (ITR) i.e. online or offline. There are total of five ways to verify income tax returns … Read more

Reset IncomeTax.gov.in Password Latest 2022

Reset IncomeTax.gov.in Password Latest 2022: You can get help resetting your password on the e-Filing portal by clicking the Forgot Password link. You can reset your e-Filing portal by the following option. We have provided the complete detail about these options step by step. The most used option to reset incometax.gov.in login password is Aadhaar … Read more

Why, How and Where to Send ITR V Acknowledgement?

Filing online income tax return has placed the assessee in a very comfortable zone where he can take care of his legal obligations through electronic form. However, there are certain additional credentials that should be fulfilled physically along with electronic filing. Updates: Central Board of Direct Taxes (CBDT) has reduced the time limit for confirming … Read more

ITR 7 A.Y.2022-23: How to File ITR-7 Online?

ITR 7 A.Y.2022-23: In this article, we will discuss ITR-7 instructions, filing procedure, changes, PDF format, FAQ and more. ITR-7 can be used for the persons including companies required to furnish returns under sections 139(4A) or 139 (4B) or 139 (4C) or 139 (4D) only. Updates: ITR-7 is also now available for efiling. Excel Offline Utility … Read more

ITR 6 A.Y.2022-23: How to File ITR-6 Online?

ITR-6 A.Y.2022-23:The ITR-6 form should be used by companies that do not claim an exemption under section 11. The company seeking exemption under section 11 should not file the ITR-6 form for the assessment year 2022-23. This article provides complete guidance on ITR-6 (Income Tax Return Form), which includes filing procedures, instructions, PDF format, Excel … Read more

ITR-5 AY 2022-23: How to File ITR-5?

ITR 5 A.Y. 2022-23: It is applicable to firms, LLPs, AOPs, BOIs, artificial juridical persons (AJPs), estates of deceased persons and estates of insolvency, business trusts and investment funds. Central Board of Direct Taxes (CBDT) has updated ITR-5 excel and java utilities with PDF instructions. In this article, we will discuss the complete detail of ITR-5 … Read more

Income Tax Surcharge & Marginal Relief Calculation A.Y.2022-23

Income Tax Surcharge & Marginal Relief Calculation A.Y.2022-23/A.Y.2023-24: There is an additional charge on income tax called an income tax surcharge. As per the guidelines issued by the IT Department, the rate of surcharge affects entities whose income is more than Rs. 50 Lakh in a financial year. The surcharge is subject to marginal relief. … Read more

ITR-U Updated Income Tax Return – Complete Detail

Income Tax Updated Return (ITR-U) For the persons to update income within 24 months from the end of the relevant assessment year Why ITR-U  The department has provided the additional time of 24 months to file an updated return whether you have filed income tax return previously or not. So, you can say that there … Read more

How to File Income Tax Return Without Form 16?

Form 16 is a certificate issued by employer for the TDS deducted by employer on the salary of the employee. The employer has to issue the Form 16 once in a year on before 31st May of the next year immediately following the financial year in which the TDS is deducted. Form 16 is a … Read more