Tag: Income Tax Forms

As per the provisions of the Income Tax Act, TDS is required to be deducted at the time of making any payment. This TDS is deducted by the person who is making the payment and is required to be deposited...

ITR 1 Form (also known as Sahaj) is one of the most popular form for filing Income Tax Returns because it applies to most of the Salaried Employees. However, it does not apply to all categories of Salaried Employees as...

ITR Form have been released by the Income Tax Department for Financial Year 2015-16 i.e. Assessment Year 2016-17. There are different ITR Forms (Income Tax Forms) for Different categories of taxpayers and the same has been explained below. Each type...

Form 15G & Form 15H are self-declaration forms required to be furnished by the Assessee to his Banker for Nil Deduction/Lower Deduction of TDS on Interest on Fixed Deposit/ Recurring Deposit. As per Section 194A of the Income Tax Act,...

Income Tax efiling can be done online through the Income Tax Website without any cost in 2 different ways:- Income Tax efiling by downloading the ITR Java utility or the ITR Excel Utility and furnishing details in the excel utility...

Challan No/ ITNS 280 is required to be used for the payment of Income Tax. This payment of Income Tax may be in the form of Advance Tax, Self Assessment Tax, Tax on Regular Assessment, Surcharge, Tax on Distributed Profits...

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...

ITR 4S also called as SUGAM is an Income Tax Return Form is mainly filed by taxpayers who do not maintain regular books of accounts and compute their income under Section 44AD @ 8% of the Total Turnover of the...

The Due Date for filing ITR 2 Form is 31st July of the assessment year. So if you are filing your income tax return for the financial year 2015-16, the due date of filing ITR 2 Form would be 31st July 2016....

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...