CBDT has introduced new mechanism to verify ITR on the basis of following method: 1. Net Banking 2. ATM 3. Aadhaar No. 4. Email ID and Mobile No. For verification of ITR, this year “Electronic Verification Code” (EVC) has been introduced. “Electronic verification code” means a code generated for the purpose of electronic verification…
Electronic Filing of Income Tax Returns for 2015-16 Commences; ITR 1-Sahaj, 2 and 2A can be Used by Individuals or HUF Whose Income Does not Include Income from Business; ITR 4S – SUGAM can be Used by an Individual or an HUF Whose Income Includes Business Income Assessable on Presumptive Basis; Taxpayers Requested to…
A New Form ITR 2A Proposed which can be Filed by an Individual or HUF who does not have Capital Gains, Income from Business/Profession or Foreign Asset/Foreign Income; In Form ITR 2 and the New Form ITR 2A, the Main Form will not Contain more than 3 Pages, and other Information will be Captured in…
New ITR forms has been released by IT Dept. for FY 15-16. Excel and Java utility is yet to be made available but PDF forms are available. Changes noted in ITR-1 If anyone is having Aadhar Number, it needs to be provided in ROI. Which will be used for EVC system introduced as mentioned above.…
CBDT has notified ITR-1, ITR-2, ITR-4S and ITR-V for AY 2015-16. There are several charges in the forms. Important charges are listed below. Individual who has any income from source outside India in AY 2015-16 cannot file ITR-1 & ITR-4S. Super Senior citizen can now file ITR in paper form even if income is more…