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Choose the Right Tax Return Form

 

New tax returns form:

ITR-1 SAHAJ : Indian Individual I.T. Return : 1. Salaries 2. Pension, 3. Family Pension, 4. House Property (individual not owning more than one house), 5. Income from Other Sources.

ITR-2: Can be used by individual/HUF having income from any source except from Business or Profession.

ITR-3: Individuals/HUF’s, being a partner in a firm, not having any income from business/profession under any proprietorship concern.

ITR-4: To be used by individuals or HUF having proprietary business or profession.

ITR-4S ( Sugam) : For Individual HUFs deriving income under the head 'Business and Profession' & having opted for being taxed u/s 44AD & 44AE ( presumptive basis of taxation)

 
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> Leave Encashment & Arrear of Salary
> Exemptions under Capital Gains
> Gift-Taxable under Income Tax
> Gift Tax-An insight to Tax Planning your Gifts
> Guide to various Tax Saving Schemes
> Family Tax Planning - Best way to Lower your Tax
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> TDS Table & their Limits
> Permanent Account Number (PAN)
> Easy way to calculate your Income Tax
> Hints for Filing Income Tax Returns
> Annual Tax Statement (ATS) for TDS
> Filing of Income Tax Return & Few Points
> Income Tax Survey - Rights/Duties during Survey
> How your Return File is Assessed / Scrutinised
> Rights of an Assessee during Income Tax Raid
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> Save Tax on Your Home Loan
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The visitors may click here to visit the web site of Income Tax Department for resolving their doubts or for clarifications