Fy 2017 18 News

Money

When to file revised income tax return (ITR) and how to do it

There is no restriction on the number of times an income tax return (ITR) can be revised, if it fulfils the stipulated criterion

4 min read26 Aug 2018
Money

Use ITR-3 for returns, if you have both income from profession and capital gain

Since you have both income from specified profession (as per Section 44ADA read with Section 44AA of the Income Tax Act, 1961) and capital gain, you will need to use ITR-3 for filing your tax return for the financial year 2017-18

3 min read30 Jul 2018
Money

Aadhaar OTP facility for e-verification of ITR down temporarily

e-Verification of ITR can be done up to 120 days from filing. So the Aadhaar OTP option can be exercised as soon as it is enabled, the income tax department said

1 min read25 Jul 2018
Money

How you can file ITR for AY 2018-19 without Form 16

If a salaried employee has not received Form 16, then he/she can use Form 26AS and salary slips to prepare and file income tax return or ITR

2 min read8 Aug 2018
Money

ITR filing: How to report intraday gains, losses

Gains/losses incurred on intraday trading is, however, not treated as capital gains, and needs to be disclosed in the ITR differently

1 min read18 Jul 2018
Money

How to file ITR under presumptive taxation scheme

If you decide to opt for presumptive taxation scheme (PTS) in assessment year 2018-19, you should opt to file ITR under PTS for the next five years

4 min read16 Jul 2018
Money

How to pay tax on bitcoin gains

If you hold bitcoins for more than 36 months, long term capital gains (LTCG) tax will be applicable. ITR2 or ITR3 are to be used for filing bitcoin tax

2 min read15 Jul 2018
Money

ITR filing online: How to fill ITR 1 form

Income tax return filing: From assessment year 2018-19, ITR 1 form requires detailed calculation of income from salary or house property

2 min read16 Jul 2018
Money

How to verify your ITR filing for FY 2017-18

You can do the verification of your ITR filing for FY 2017-18 otherwise the income tax return will not be processed

2 min read12 Jul 2018
Money

ITR filing for AY 2018-19: Common mistakes that may get you a tax notice

A taxpayer should start the ITR filing process by choosing the right form. Income tax experts warn against claiming deductions one is not eligible for

3 min read8 Aug 2018
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