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 2018Since 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 2018e-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 2018If 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 2018Gains/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 2018If 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 2018If 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 2018Income 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 2018You 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 2018A 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 2018The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared