Income Tax Forms

Download Form 16B Online from TRACES Website

Download Form 16B Online from TRACES Website

Form 16B is a TDS Certificate which reflects that the amount deducted as TDS on Property by the Buyer has been deposited with the Income Tax Department. At the time of sale of immovable property, the buyer is required to deduct TDS on Property @ 1% from the amount he has to pay to the seller. This amount is then […]

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Form 60/ 61: Procedure for submitting this Form in place of PAN

Form 60/ 61: Procedure for submitting this Form in place of PAN

At the time of entering into certain specified transactions, PAN Card No. is mandatorily required to be submitted. In case a person does not have a PAN Card No., he can submit a declaration in Form 60/Form 61. Transactions where PAN No is mandatorily required to be furnished As per Rule 114B, PAN Card No. is mandatory required to be […]

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Income Tax Form 13 for applying for Nil/Lower Deduction of TDS

Income Tax Form 13 for applying for Nil/Lower Deduction of TDS

As per the provisions of the Income Tax Act, TDS/TCS is required to be deducted at the time of making any payment. This TDS is deducted by the person making the payment and is required to be deposited with the Income Tax Deptt before the due date of depositing TDS. Recommended Read: TDS Rate Chart In some circumstances, a case […]

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ITR 2 Form: How to submit online in 2013

ITR 2 Form: How to submit online in 2013

The Due Date for filing ITR 2 Form is 31st July of the next year. So if you are filing your income tax return for the financial year 2012-13, the due date of filing ITR 2 Form would be 31st July 2013. Every person whose income is more than the minimum amount exempted from the levy of income tax as […]

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How to submit ITR 1 Form (SAHAJ) online in 2013

How to submit ITR 1 Form (SAHAJ) online in 2013

ITR 1 Form which is also known as SAHAJ is one of the most commonly used forms for filing of income tax return. There are different Forms for different class of taxpayers and in this article we, we would be focusing on all attributes of Income Tax Return Form 1. Recommended Read: Which Income Tax Return Form should you use? […]

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Official Income Tax Software – Free Download

Official Income Tax Software – Free Download

With the govt having mandated compulsory e-filing of income tax returns of all assesses with Income over Rs. 5 Lakhs pa, manual filing of income tax returns has reduced drastically as a huge portion of the taxpayers would now be filing their income tax returns online. For filing the returns online, an income tax software is required which calculates the […]

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ITR Form: Which Income Tax Form should you submit in 2013?

ITR Form: Which Income Tax Form should you submit in 2013?

ITR Form have been released by the Income Tax Department for Financial Year 2012-13 i.e. Assessment Year 2013-14. There are different ITR Forms (Income Tax Forms) for Different Classes of Assesses and the same has been explained below. Each type of ITR Form is in 2 Formats – Excel File and PDF File. Assessee’s opting for efiling of Income Tax […]

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Procedure for furnishing Form 15CA & 15CB

Procedure for furnishing Form 15CA & 15CB

As per Section 195 of the Income Tax Act 1961, every person liable for making a payment to non-residents shall deduct TDS from the payments made or credits given to non-residents at the rates in force.  The Reserve Bank of India also mandates that except in cases of certain personal remittances which have been specifically exempted, no remittance should be […]

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Form 12B for furnishing TDS Details to new employer

Form 12B for furnishing TDS Details to new employer

Form 12B is required to be furnished as per Rule 26A by a person joining any organisation in the middle of the year and is a form for furnishing the details of income earned from the previous employer. It is a form required to be submitted by the new employee to the employer and requires details like Details of your […]

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Form 16 TDS Certificate & How to verify Form 16 online?

Form 16 TDS Certificate & How to verify Form 16 online?

Form 16 is a TDS Certificate issued by the employer deducting the TDS while making payment to an employee. As per the Income Tax Act, every employer at the time of payment of Salaries shall deduct TDS at the average rate of income tax computed on the basis of the Income Tax Slab Rates in force for that financial year […]

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