Income Tax Return Filing – Financial Year 2017-18 (Assessment Year 2018-19)

Retrieved 3 November Individuals having a total income less than Rs 5 lakh have an option for filing their tax return in a physical form instead of electronic filing. Emphasize that perjury means "telling a lie under oath" to emphasize the need for honesty in filing taxes. Aadhaar number should also be mandatorily quoted on the tax return.

Portfolio Loading India Story: By filing your income tax return, you declare how much income you earned during the year, the deductions you claimed and the tax you paid. So, the returns for the financial year assessment year could be filed till 31 March Any taxes due on the tax return after claiming credit of prepaid taxes taxes deducted at source and advance taxes paid during the year should be paid before filing the tax return.

Tax payers now have to quote their digit Aadhaar number or the digit Aadhaar enrolment number while filing the income tax return. There have been several changes in the tax filing rules in the past one year.

Who should NOT file income tax return in India? - Personal Finance & Money Stack Exchange

Income Tax Do I need to file an income tax return every year? How new tax changes will impact you in FY However, for a company or a firm, it is mandatory to file a return irrespective of income or loss.

The rules relating to forms have changed this year. Remarkable initiatives by Modi government to hike farmers income. Prepare a computation of income and taxes. When it comes to filing their tax returns, many people procrastinate. However, the assets have to be valued at cost. Mutual Funds. Your Reason has been Reported to the admin. Enter email id. Income Tax. Reset password Please use the temporary password sent on your email id or mobile no.

If they hadn't then trillions wouldn't have been laundered. Large Cap. You have income from business or profession ITR 3 Use it if you As a resident and ordinary resident individual you may also have a tax return filing obligation irrespective of your income, if you own overseas assets. Post Your Answer Discard By clicking "Post Your Answer", you acknowledge that you have read our updated terms of service , privacy policy and cookie policy , and that your continued use of the website is subject to these policies.