4 Changes in ITR 7 for AY 2016-17 That Affect Trusts & Institutions

The newly notified income tax return form for trusts, institutions i.e ITR 7 for assessment year 2016-17 has four specific changes , that must...

No Tax Return Can be Filed After Last Day of Assessment Year

This one change in rule for filing of tax return is going to hit the assessee quite hard , at least in the begining...

Don’t Think if Income is Below Exemption Limit, You Are Not Required to File...

Individuals gear up ! The date has been extended by CBDT till 7th September 2015 . Use it to file tax return if you...
ITR-4 for AY 2015-16

ITR-4 for Asst.Yr 2015-16 : A Quick Look on 12 Changes in Tax Form...

CBDT has notified ITR Forms 3, 4, 5, 6 and 7 vide Notification No. 61/2015.  and has modified the Forms ITRs to accommodate the changes...
due date

If Due Date to File Return is Holiday, You Do’t Loss Carry Forward of...

The due date of filing return is fixed under section 139 of the Income Tax Act .It is 30th September for people required get accounts...
deductions

12 Deductions if You Forgot to Claim in the Tax Return , Will Be...

The tax return filing season has arrived, therefore; it is important to remind taxpayers who are thinking to claim certain deductions, that if they...

Return Filed in Wrong Tax Form not Invalid Automatically !

Are you scared that you have filed income tax return ( ITR ) in wrong form and the date of revision of the form...
late filing of return

Filing of Return Possible Even if Last Date Expired ! You Can Save Yourself...

Now , it is well known that Income Tax Act prescribes due date u/s 139(1) and those who could not file the return within...

eFiling of Income Tax Return for Asst Yr 2015-16 Compulsory for Individuals Earning...

The process of efiling of income tax returns have been enlarged from the assessment year 2015-16 . CBDT has notified the new Rules  and ...
filing of returns

No Filing of Returns by NRI or Non-Resident or Foreign Company in Certain Situations...

Income Tax Act provides for filing of returns by assessees if the gross income is in excess of exemption limit and for company and...

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