Online ITR Filing or Income Tax E-Filing is a ITR compliance in which each taxpayer like individuals, HUFs, AOP, BOI, Company, Firms will provide information of their Taxable income derived in a financial year from all sources of income which includes all five sources as per Income tax Act 1961, such as Income from Salary, Income from House property, Income from Business and Profession, Income from Capital gain and Income from other sources. It also cover computation of Income after all eligible deductions & exemptions as per Income Tax law. For online filing ITR, verious ITR forms are prescribed by the CBDT such as ITR-1, ITR-2, ITR-3, ITR-4, ITR-5 etc.
The Income derived from all above sources of Income in prescribed manner after deduction of expenses, other deduction and exemptions etc for the same you may required help of professional like kcorptax, our expertise and guidance you may use for filing your Tax filings in Delhi NCR and in all other part of India
The Indian government has launched a user-friendly income tax e-filing platform. Online ITR filing or Income Tax e-filing procedure has also been enhanced as a result of the emergence and expanded use of technology result of which all Income Tax related informations are auto filled in most of the cases.
ITR Filing stands for Income Tax Return Filing. It is a document that provides information on a person's earnings and the taxes paid on those earnings to the Internal Revenue Service. It also provides for the carrying forward of losses and the filing of a refund claim with the IRS.
The Income Tax Return Form can be submitted in a variety of ways.
No, papers should not be added to the application (whether manually or electronically submitted), but they must be given to tax officials if requested.
The official website of Income Tax Goverment can be used to e-file an income tax return. The website is www.incometaxindiaefiling.gov.in.
It offers a free e-filing service that allows you to create an e-return and ask for a refund online. It may be downloaded with instructions at www.incometaxindiaefiling.gov.in.
If you have any questions about e-filing, you can call 1800 180 1961.
E-payment refers to the electronic payment of taxes by net banking or debit/credit card. E-filing is the process of submitting a tax return electronically.
No, if there is taxable income and the return is not filed, a penalty will be imposed according to the Income Tax Act.
Returns can be
If you want to carry/forward the loss to another year(s) for adjustments against beneficial income, you shall submit a claim of loss even before deadline.
If an individual is not obligated to file an ITR under section 139, there is no late filing charge or penalty under section 234F.