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...
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...
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...
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...
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...
As the new financial year approaches, you may have already started planning your investments to achieve your financial goals. But before we dive into the new financial year 2023-24, it is necessary to complete certain tasks before 31st March 2023 to ensure maximum savings and a good start to the new fiscal year. Taking care of these important things will enable you to save on taxes and...
An income tax return (ITR) filing doesn’t have to be a worry. You don’t need to take help from an expert or continuously worry about deadlines. Today we can file taxes online. The process of filing taxes online is called E-filling. It is quite a simple task and E-filling can be done in just a few minutes from the comfort of your home or office. As per Income Tax Act, 1961 every individual...
The Income Tax Department launched its new e-filing portal www.incometax.gov.in New e-filing Portal Features And Benefits are covered in our video. 1. User-friendly a) Simplified b) Easy to use c) Multiple login Options d) Single Dashboard 2. Income tax payment on same portal a) Multiple Payment Options b) No challan needed Popular Article: Wealth...