financial services

IT Department’s say on ITR-1

ITR- 1 Form or Income Tax Return Form 1 is generally used by the salaried individuals. There were all in all 25 changes in the latest ITR-1 Form and according to the Income Tax Department, the Income Tax Return form- 1 is good to go for filing of returns by the salaried taxpayers.
The salaried taxpayer can use this form to file their returns for the current financial year that is 2018-19. These new ITR Forms require more details of the income of the taxpayer as compared to the previous ITR Forms. In these Forms the taxpayer is supposed to provide their salary break-up and for businessmen they are supposed to provide their GST number and turnover.
The Central Board of Direct Taxes that provides policies for the Tax Department has quoted that, there are certain parts in the forms that has been rationalised, but these is no change in the pattern of filing the Income Tax Returns as compared to the filing of forms in the previous financial year. It has also notified that all the seven ITR Forms must be filed electronically by the taxpayer, except for some of the special sections of the taxpayers.

You can easily get access to All India ITR using All India ITR’s  Download IOS App. Click Here

You can easily get access to All India ITR using All India ITR’s Download Android apps. Click Hear

Not just this, you can also use our Tax App, which comes handy to all the taxpayers.

 

 

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