How to file income Tax Return?
This was the most common question in the comments section of my post on e-Filing Income Tax Procedure of AY 2015-16. In spite of easy ITR form and quick e-filing option we can make mistakes. One may miss to add tax saving deductions in ITR form. We may miss to account capital loss to carry forward. We may also fill gross salary in place of taxable income. We may also fill the home loan interest in positive value.
RJA is here to help you to avoid all these errors and let all your Tax related worries simply fly.
Income which is generated from various head of income viz. Salary, House property, Business, Capital Gain and Income from other sources.
Assessee have to pay Income tax if his total Income after allowing Chapter VI-A Deduction is more than the taxable income limit.
Income Tax Forms for e-filling and Due Dates of Income Tax for AY 2016-17.
Department has made new ITR forms in various format viz PDS, Java utility, Excel utility on income tax website for AY 2016-17.
Be ready to file your tax return before deadlines.
There are different category of taxpayer viz. Individual, HUF, Firm, LLP, Company, Trust and AOP/BOI. Due Date is different according to audit or non-audit case of such categories as defined in section 139(1).
Last Date of Filing Income Tax Return
- 31st July – Last Date of Return Filling for non-audit cases.
- 30th September – Last Date of Return Filling for audit cases.
Advance Taxes of Income Tax for AY 2017-18
If the tax liability is more than Rs 10,000 in a financial year then advance tax needs to be paid by assessee.