The department notified the new set of ITR forms early this week
Tax Guru Anil Rego answers your personal income tax queries.
Last year, the e-filing commenced on July 1 as there was delay in finalisation of the ITR forms
The tax department has released the software for preparing the Income Tax Return forms -- ITR 1-Sahaj, ITR 2, 2A and 4S-Sugam
The current 3-page form is simplified version of an income tax return form after removing mandated disclosure of foreign trips and dormant bank accounts introduced two years back.
Use of the incorrect form will result in your return being treated as defective, points out Suresh Surana, founder, RSM India.
With the online tax filing and automation of the tax process the number of mistakes made by taxpayers during filing of taxes have been reduced, but considering the importance of the information, a mistake or an error will be an invitation to trouble.
Calculate the tax already paid via TDS, and accordingly arrive at your tax liability for the year.
With the new tax slabs applicable for income earned during Financial Year 2014-15 and host of new changes in income tax returns and filing norms, this e-filing season will certainly bring in a new experience for taxpayers. Here's how
The new Income Tax return forms are much simpler in many respects.
Unless they have capital gains or assets abroad, most individuals will need to file ITR-1 or ITR-2A.