How to File ITR 2 online FY 2022-23?
The Income Tax Department has issued 7 different types of ITR forms to categorise taxpayers based on their source of income, residential status, and a few other factors. Let us understand the eligibility of filing ITR 2 and how to file it online. Who can file ITR 2? The ITR 2 is a form that can be filed by individuals and HUFs who are Residents (ROR/RNOR) or non-residents earning income...
Income Tax Refund: How to check and claim Income Tax Refund
As per Section 237 of the Income Tax Act, of 1961, taxpayers can claim a refund on their ITR for any extra tax paid. However, many people are unaware of their eligibility to claim a refund. So, let’s find out what exactly is an ITR refund, how to check if you can claim it, and how to claim it. What is an Income Tax Refund? Have you ever encountered a situation where you’ve paid...
Common Mistakes to Avoid while filing ITR
As the ITR filing due date is almost nearing, many taxpayers are hurrying to file their ITRs. While it is crucial to get your ITR filed before 31st July 2023, it is also essential to ensure you don’t rush into it. Usually, individual taxpayers prefer handling their tax filing on their own. So, complications in understanding the tax laws and the last-minute filing pressure can cause taxpayers...
How To File ITR-1 SAHAJ Online In FY 2022-23?
Are you feeling overwhelmed by the process of filing your income tax return? Let go of your tax-related worries, as we provide a hassle-free solution for filing. The ITR-1, commonly known as Sahaj Form, is now available to cater to individuals with an income of up to Rs—50 lakh. What Is ITR-1 SAHAJ (Income Tax Return (ITR) Form-1) Taxpayers and individuals who are residents...
Documents Required to File Your Income Tax Return (ITR)
Filing an income tax return (ITR) accurately and on time is an essential obligation for taxpayers. Just like every person’s source is income, income structure, and tax liability are different, and the documents required for filing their ITR are also different. While we obviously cannot expect everyone to know about the technical and complicated process of ITR filing, we believe that every...
ITR 1 FILING PROCESS
Registered users of the e-Filing portal can pre-fill and submit their ITR-1 forms. Individual taxpayers can use this service to file ITR-1 online via the e-Filing portal and by gaining access to the offline tool. This user guide describes the ITR-1 online filing procedure. To File online visit the https://www.incometax.gov.in/IEC/FOPORTAL website. Registered users with valid USER ID and...
ITR 2 FILING PROCESS
Registered users of the e-Filing portal can pre-fill and submit their ITR-2 forms. Individual taxpayers can use this service to file ITR-1 online via the e-Filing portal and by gaining access to the offline tool. This user guide describes the ITR-1 online filing procedure. To File online visit the https://www.incometax.gov.in/IEC/FOPORTAL website. Registered users with valid USER ID and...
What Is AIS & How To Download It? -FFC ep 48
AIS i.e. Annual Information Statement provides a comprehensive view of information to a taxpayer. This will give you all details about Your financial transactions during the year. It will capture all financial transactions of the previous year including – Stocks, Insurance, Credit Cards, Purchase of property, Mutual Funds, Salary or Business Income, Dividends, Interest on SB A/c...
How to Check Income Tax Refund Status Online?
Income tax refund comes to the picture when individuals pay taxes higher than the actual income tax liability for that particular financial year. A taxpayer can claim a refund of this excess amount, and after proper assessment and going through certain documents, the income tax department makes the refund. ● According to reports, between April 1, 2021, to April 26,...