Tag Archives: #TaxReforms

Which ITR file for salaried person?

  ITR for Salaried Person   For salaried individuals, the applicable Income Tax Return (ITR) form in India is typically ITR-1 (Sahaj) or ITR-2. The choice between these forms depends on certain factors such as the level of income, the presence of other sources of income, and the eligibility for specific ITR forms. Here’s a… Read More »

How to ITR file offline?

Simple ways to file ITR offline   Simple ways to file ITR offline, To file an Income Tax Return (ITR) offline, you can follow these steps: Obtain the required ITR form: Visit the official website of the Income Tax Department of your country (e.g., the Income Tax Department of India) and download the relevant ITR… Read More »

Who is eligible for ITR file ?

Eligible for ITR file   In India, the following individuals and entities are generally eligible for filing an Income Tax Return (ITR): 1. Individuals with taxable income: Individuals who have earned taxable income during the financial year need to file an ITR. This includes salaried individuals, self-employed individuals, professionals, and freelancers. 2. Companies and firms:… Read More »

How many types of ITR filing?

Types of ITR filing   Types of ITR filing, In India, there are several types of Income Tax Return (ITR) forms available for different categories of taxpayers. The selection of the appropriate ITR form depends on the nature of income, source of income, and the individual’s or entity’s status. As of my knowledge cutoff in… Read More »

How to file ITR 1?

File Income Tax Return 1  File Income Tax Return 1 online in India, you can follow these steps: Register on the Income Tax Department’s e-filing portal: Visit the official website of the Income Tax Department of India (https://www.incometaxindiaefiling.gov.in/) and register yourself as a new user. Please furnish the necessary information and finalize the registration procedure.… Read More »

ITR 3 vs ITR 4 difference?

  ITR 3 vs ITR 4 difference ITR 3 vs ITR 4 difference are two different income tax return forms in India, applicable to different types of taxpayers. Here are the key ITR 3 vs ITR 4 difference.   Applicability: ITR-3: This form is specifically applicable to individuals and Hindu Undivided Families (HUFs) who generate income… Read More »

ITR filing without Aadhaar OTP?

ITR filing Without Aadhaar OTP   ITR filing without Aadhaar OTP: As of September 2021, filing an income tax return in India without Aadhaar OTP (One-Time Password) authentication is not possible. Aadhaar OTP is one of the methods provided by the income tax department for electronic verification of ITRs. It allows taxpayers to verify their… Read More »

When ITR file?

ITR file The filing of Income Tax Returns (ITR) typically starts after the end of the financial year. For individuals, the due date for ITR file is usually 31st July of the assessment year. However, the exact dates may vary depending on the specific assessment year and any extensions or changes announced by the tax… Read More »

When ITR filing starts?

When ITR filing starts The filing of Income Tax Returns  in India typically starts on 1st April of the assessment year. The assessment year is the year immediately following the financial year for which the ITR is being filed. For example, if you are filing an ITR for the financial year 2022-2023, the assessment year… Read More »