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Income Tax Return

A Brief on Return of Income

Return of income is a special type of form to be used by the assessee for furnishing the necessary particulars like name, address, PAN/GIR No., Bank Account, income under each head, total income, tax liability, etc. before the Income Tax authority. Different types of forms are prescribed in Rule 12 of the Income tax Rules, 1962 to be used by different categories of assessee earning different types of income. Each assessee liable to submit the .....

Points for Corporate Taxpayer in Respect of Signing of ITR for A.Y. 2010-11

It is observed that Corporate users are registering the DSC and immediately trying to upload the I-T Return. This will throw up an Error like “Your DSC is not registered”. Therefore, it is requested that whenever the new DSC is being registered or DSC is being updated, the user should first log out and then login again for the registration or updation to take effect, and then only upload the I-T return. Dear Corporate Taxpayer, .....

Miss the Tax Deadlines: Don’t Worry You can file the Income tax return till March, 2011

Tax returns are a primary issue for every individual and every individual who is liable to pay tax on income must file their return for the financial year 2009-10 before 31st July, 2010. However, the date has been extended to 4th August, 2010 on the ground of few technical hitches that are being currently faced by the department and the people for e-filing; the problem of poor weather conditions in some places has also added .....

Furnish Correct Information While Submitting Income Tax Return

The time has come for all entities to get prepared with all their books of accounts and other data which will help to prepare their Tax return file. The due date of filing income tax return for companies and other entities whose books are liable to get audited needs to submit its return by the 30th September whereas individuals and entities belonging to the non-audit-able group are required to furnish their tax return by 31st .....

Due Date for Tax Returns Extended upto 4th August 2010!

The Central Board of Direct Taxes (CBDT) has decided to extend the due date of filing of income tax returns to 4th August 2010 for taxpayers for whom the due date ends today, which is 31st July 2010. All paper returns or e-returns filed on or before 4th August 2010 will be considered as filed within the due date. The decision was taken in view of some technical snags in the e-filing computer system, and .....

Income Tax Return Forms Simplified

Recently the income tax return forms are simplified based on the complaints and requests given. In order to get right results one should have right, better and simplified tools that can be reachable and understandable to everyone. Choosing the right income tax return form from your income tax return filling can be quiet difficult and confusing.  The income tax forms are newly revised under the way or sources of income we get by which the .....

Why You Must File Income Tax Returns?

In simple words, Income Tax return is a payment to the government by an individual from his earnings. Income Tax return should be regularly filed with the government authorities either in physical form or in electronic form. Generally people have a mistaken belief that tax is just a source of income for the government and they take it just in order to increase their revenues. But this conception is wrong; Tax is a social obligation .....

E-filing of Income Tax Return Online

E-filing of ‘Income Tax Return‘ is an emerging concept with a dynamic view to cut down the arduousness that is faced by the tax payers. Online filing of income tax returns refers to a procedure of filing income tax returns through the use of internet in an electronic form. Hence, derives its name as E-filing. E-filing is mandatory for a company and a firm is liable to get its accounts audited under the section 44AB .....

List of Useful Codes for Filing Income Tax Return

The list of codes is very useful while preparing income tax returns, especially when we are filing online through software provided by the income tax department. Please check the below list and kept in front of you while preparing the income tax return. List of Useful Codes for Income Tax Return

E-Filing of Income Tax Return – Presentations Step by Step

E-Filing of Income Tax Return – Presentations Step by Step E Filing Presentations : Income Tax India View more presentations from rkumar02. E-Filing of Income Tax Return – Presentations Step by Step