Author Topic: In a Few Steps file your income tax return Online  (Read 5371 times)

<--Jack-->

  • Editor-in-Chief
  • *****
  • Offline
  • Posts: 11605
  • Gender: Male
    • View Profile
    • Real Info
    • Email
Re: In a Few Steps file your income tax return Online
« Reply #20 on: August 26, 2015, 07:12:35 AM »
After filling  income tax return Online  you need to e-veriry it

there are various ways

see how to EVC By NET Banking to E-verify Income Tax Return

http://realinfo.tv/tax/evc-by-net-banking-to-e-verify-income-tax-return/

GURSHARAN NATT

  • Real Savvy
  • *****
  • Offline
  • Posts: 1995
  • Gender: Male
    • View Profile
Re: EVC By NET Banking to E-verify Income Tax Return
« Reply #21 on: August 26, 2015, 04:15:41 PM »
AADHAR CARD NAL VERIFY KRNI EASY HAI

PRITAM DASS

  • News Caster
  • *****
  • Offline
  • Posts: 22181
  • Gender: Male
  • AT YOUR SERVICE
    • MSN Messenger - PD1915@HOTMAIL.COM
    • View Profile
    • Email
Re: In a Few Steps file your income tax return Online
« Reply #22 on: August 26, 2015, 04:31:03 PM »
Ques-2 :Which amount is to be filled in ITR-1(sahaj) in salary Income with reference to Form 16 ?

Presently,Form 16 have two Parts ,PART-A and Part-B

Form 16-PART-A: shown tax deduction details and amount of salary paid /credited.The amount shown under salary head in PART-A is to be filled in TDS schedule-1 of the Income Tax return not and please note that it may be different from Taxable salary amount.

Form 16-PART-B :In form 16-PART-B salary word is used with gross salary , add perquisites , less allowance etc etc . But in income tax return form, we have to fill amount shown with the description " Income Chargeable under the head salary " .In standard Form 16 ,this is given at sr number 6. (as shown in the Picture below)



But these days employers are using non standard forms also,. To dealt with non standard form just look out figure after all the addition and deduction from the salary in form 16 .Figure related to salary which comes last.

PRITAM DASS

  • News Caster
  • *****
  • Offline
  • Posts: 22181
  • Gender: Male
  • AT YOUR SERVICE
    • MSN Messenger - PD1915@HOTMAIL.COM
    • View Profile
    • Email
Re: In a Few Steps file your income tax return Online
« Reply #23 on: August 26, 2015, 04:34:20 PM »
Ques-6 :My Employer have, not consider Saving proofs under section 80C, 80D  and not allowed other deductions which otherwise allowed ,whether this can be claimed Now ?

Nothing to worry, you can show actual saving under section 80C or 80D deduction for medical/Health insurance even then it has not been considered by employer in form 16.

Similarly if you are eligible for other deduction then you can claim it while filing the income tax return form.

PRITAM DASS

  • News Caster
  • *****
  • Offline
  • Posts: 22181
  • Gender: Male
  • AT YOUR SERVICE
    • MSN Messenger - PD1915@HOTMAIL.COM
    • View Profile
    • Email
Re: In a Few Steps file your income tax return Online
« Reply #24 on: August 26, 2015, 04:35:30 PM »
Ques-7 : My Bank has deducted Tax @ 10 % , But I am under 20/30% slab , Do I have to pay Balance tax

Yes ,first you have to fill the Interest under Income from Other sources column and have to calculate tax after that.

Further ,you have to pay balance tax if any through challan 280

PRITAM DASS

  • News Caster
  • *****
  • Offline
  • Posts: 22181
  • Gender: Male
  • AT YOUR SERVICE
    • MSN Messenger - PD1915@HOTMAIL.COM
    • View Profile
    • Email
Re: In a Few Steps file your income tax return Online
« Reply #25 on: August 26, 2015, 04:36:25 PM »
Ques-8 : What is My ward number circle number ?

For E filing of return this field is not mandatory ,so keep it Blank .Fields with red color descriptions are mandatory only. However if you want to check then visit this link , fill pan number and Know your pan name , ward circle /area code etc will be shown.

PRITAM DASS

  • News Caster
  • *****
  • Offline
  • Posts: 22181
  • Gender: Male
  • AT YOUR SERVICE
    • MSN Messenger - PD1915@HOTMAIL.COM
    • View Profile
    • Email
Re: In a Few Steps file your income tax return Online
« Reply #26 on: August 26, 2015, 04:37:03 PM »
Ques-9: What is IFSC code ?From where I can check this ?

IFSC code is a 11 digit alphanumeric code of your bank branch , you will get it from First page of Your passbook as well as as from cheque book .If not found then you may confirm from your bank branch or Google search is also a option.

PRITAM DASS

  • News Caster
  • *****
  • Offline
  • Posts: 22181
  • Gender: Male
  • AT YOUR SERVICE
    • MSN Messenger - PD1915@HOTMAIL.COM
    • View Profile
    • Email
Re: In a Few Steps file your income tax return Online
« Reply #27 on: August 26, 2015, 04:38:45 PM »
Ques-10 : Is Bank account mandatory, if no refund due ?

Yes, Details of all Saving and current accounts held on your name during last financial year  is required to be filled even there is no Income tax refund is due in your account .

However accounts not used since last three years are not required to be given

PRITAM DASS

  • News Caster
  • *****
  • Offline
  • Posts: 22181
  • Gender: Male
  • AT YOUR SERVICE
    • MSN Messenger - PD1915@HOTMAIL.COM
    • View Profile
    • Email
Re: In a Few Steps file your income tax return Online
« Reply #28 on: August 26, 2015, 04:43:07 PM »
Ques-13:What is the due date to file income tax return for salaried persons ?


Ans : Due date is 31.08.2015

PRITAM DASS

  • News Caster
  • *****
  • Offline
  • Posts: 22181
  • Gender: Male
  • AT YOUR SERVICE
    • MSN Messenger - PD1915@HOTMAIL.COM
    • View Profile
    • Email
Re: In a Few Steps file your income tax return Online
« Reply #29 on: August 26, 2015, 04:45:01 PM »
Ques-15: I have purchased a house few years ago through Home loan .I have paid 30000/- EMI this year out of which 18000 is interest and 12000 is principal .Where I can show these amounts? House is self occupied .

Ans : You should calculate the House loan as under .Further if amount is negative as in your case put minus sign against the amount. (read related Link of Income from House property). Principal amount paid for House loan is covered under section 80C Limit.



 

GoogleTagged



Income Tax Relief -Arrears of 6 th pay commission --- Relief Under section89(1)

Started by SkS

Replies: 23
Views: 8527
Last post February 15, 2013, 07:50:17 PM
by deep96
Income Tax Software revised for CPF contributors. Sec 80CCD(1) & 80CCD(2) added.

Started by Pankaj Sial

Replies: 1
Views: 1735
Last post August 12, 2015, 09:13:32 PM
by manjinder1974
Income tax assessment year 2015-16 of financial year 2014-15

Started by Gaurav Rathore

Replies: 6
Views: 3279
Last post September 28, 2015, 04:46:36 AM
by Baljit NABHA
Income Tax & Salary Statement Software with Interim Relief

Started by Pankaj Sial

Replies: 7
Views: 19598
Last post February 21, 2017, 11:55:32 AM
by Pankaj Sial
Section 24 of the income tax act provides deduction in respect of home loan

Started by PRITAM DASS

Replies: 5
Views: 885
Last post September 08, 2016, 02:27:23 PM
by Raman