Four more Saturdays left to file ITR. Here's all you need to know

THE ECONOMIC TIMES Sat, Aug 03, 2019 | 11:59 AM IST ITR filing guide

Made a mistake while filing ITR? Here's how you can correct it Section 139(5) of the I-T Act states that after filing their return, if someone discovers any omission or wrong statement, he can furnish a revised return. ITR: 'Lite' e-filing facility launched for taxpayers "The Income Tax department is launching 'e-Filing Lite', a lighter version of e-Filing portal with a focus on filing of Income Tax Return (ITR) by the taxpayers," the I-T department said in a public advisory. E-ITR forms updated post the extension of deadline to file ITR The changes have been made in the ITR form to ensure no penal interest is payable by the taxpayer under section 234A if he files ITR before the deadline. Penalty you will pay for missing ITR filing deadline and who won't have to pay If you are a small taxpayer whose gross total income does not exceed Rs 5 lakh then the maximum fees you are liable to pay is Rs 1,000. 10 salary components that can help employees reduce tax burden Your salary structure is of utmost importance; as you would always seek to maximise your take-home salary TDS on salary: How it is calculated and deducted Confused about how TDS is deducted from your salary? Here's everything you need to know about it. ITR filing: How to download Form 26AS Follow these seven simple steps to download Form 26AS via the income tax department's e-filing website. How to file ITR if you have more than one Form 16 For more than one Form 16, prepare a revised statement of income and tax liability to make sure that the tax is calculated as per the correct slab. Gifts have to be declared in ITR: Here's how they are taxed The Finance Act 2004 introduced section 56(2)(v) for taxing gifts in the hands of the recipient. What is the last date to file ITR? The deadline to file an income tax return varies for different categories of taxpayers such as individuals, company etc. 4 ways to reset your income tax e-filing password Before the taxpayer uses this option to generate Aadhaar OTP, they must ensure that their PAN and Aadhaar are linked. What to check in your Form-16 while filing ITR Confused about what figures to check in the revised Form 16? Here's all that you need to know. What you must check in your TDS certificates, Form26AS & why they should match There are several specific things which should be correctly reflected on the TDS certificate issued to you. Discrepancies can land you in a soup. How to file ITR-1 online Individuals can file ITR-1 either by downloading excel utility from e-filing website or by 'Prepare and Submit Online' option without downloading any software. Documents required for filing ITR Here is the list of documents you must collect and things you must do before filing your income tax return for FY 2018-19.

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