financial services · Income Tax · income tax return

What are the key changes in ITR-1 and ITR-2 forms for FY 2018-19?

The income tax department has already notified the ITR Forms for the financial year 2018-19. These forms are slightly different from previous years forms. However, the changes have been already declared by the government so that taxpayers may not face any complexities while filing ITR. Meanwhile, ITR forms form ITR-1 to ITR-7 has already available… Continue reading What are the key changes in ITR-1 and ITR-2 forms for FY 2018-19?

financial services · Income Tax · income tax return · Taxation

What are the Benefits of Filing your Income Tax Returns?

Any individual who is earning a taxable salary, exceeding the basic exemption limit has to file ITR. Despite, there aremajority of millennials who consider income tax return filing as a daunting process but they forget about the benefits they receive while filing returns.As per the Income Tax Department, it has initiated the mechanism of e-filing… Continue reading What are the Benefits of Filing your Income Tax Returns?

financial services · Income Tax · income tax return

Common Misdemeanors that Income Tax Filers Commit

“There is no worse tyranny than to force a man to pay for what he does not want merely because you think it would be good for him.” This quote, perhaps, best summarizes what many taxpayers think about doing their income tax returns. For why else would so many individual ITR filers use immature tactics such… Continue reading Common Misdemeanors that Income Tax Filers Commit

financial services · income tax return

How to e-File Income Tax Returns by Uploading Forms Using Excel Utility

Each year the Department of Income Tax comes up with new changes to make tax filing for returns easier for taxpayers. This blog is to educate taxpayers on the step by step process in which one can upload forms and file ITR online. There are normally two processes to file for return online: The first… Continue reading How to e-File Income Tax Returns by Uploading Forms Using Excel Utility