Read these stories to make sure you file your ITR error-free

THE ECONOMIC TIMES Sat, Jul 20, 2019 | 11:55 AM IST ITR filing guide

Filing ITR-1 this year? You must know about these changes Being aware of these procedural changes will make it easier for you to file your income tax return. Key changes in ITR-1, ITR-2 forms that you need to know Here are nine changes in ITR forms 1 & 2 that you should know about while filing your return for FY19. Tax dept will pre-fill your salary, FD interest, TDS details in ITR1 Salary, FD interest income and TDS were earlier manually entered by the individual in the ITR-1 form. Prefilled ITRs now available for all individuals According to the latest update, the department has started providing pre-filled XML file containing details such as employer details, allowances and so on. All the new details required in income tax return forms The ITR forms for the assessment year 2019-20 are out. Know the changes you need to watch out for. Which salaried individuals can't file ITR-1 for FY2018-19 There are certain cases where ITR-1 will not apply to salaried individuals for financial year 2018-19. How to file ITR-1 online Individual can file ITR-1 either by downloading excel utility from e-filing website or by 'Prepare and Submit Online' without downloading any software. How to fill salary details in ITR-1 for FY 2018-19 Unlike last year, you don't have to collect salary slips as ITR-1 and Form-16 are now synchronised, making it easier to fill in your details. How to compute your total taxable income In order to file your I-T return you first need to collect the information required to file it. The next step is to compute your total taxable income. How to fill 'Tax Details' section in ITR1 The 'Tax Details' tab shows all the details of the tax deducted, collected, and deposited with the government against your PAN. How to file ITR 1 with salary, home loan and other income In this article, we explain the quickest way to file the return in Form ITR-1 using illustrations. ITR-1 asks for interest income break-up from tax payers This year you will have to give break-up of your interest income when filing ITR 1. How to report pension income while filing ITR As per the recently notified changes, an individual who is a director in a company or who holds unlisted shares, cannot use ITR 1. Pre-validate your bank account to claim income tax refund The income tax department has tweaked the process of claiming the tax refund from this year.

More Newsletters

Daily Newsletter Special stories that round up the major developments of the day

ET Mutual Fund A weekly round-up of the top news and views from the mutual fund industry

ET Investment Opportunities Property, Stocks, IPOs, NFOs, Mutual Funds and latest investment options in your inbox

Wealth Weekly news on personal finance, stocks, property, gold, tax planning and more

FOLLOW US ON ET

About us|Advertise with us|Feedback|Sitemap|Code of Ethics © 2019 Times Internet Limited.

To ensure delivery directly to your inbox, please add etnotifications@indiatimes.com to your address book today. If you are having trouble viewing this newsletter, please click here

To unsubscribe or edit your subscriptions please click here