ITR-2 is for Individual / HUF with additional source of Income, other than the standard deductibles under TDS1 [Salary] & TDS2 [Renumerated].
Who CAN use this Return Form?
This Return Form is to be used by an individual or a Hindu Undivided Family whose total income for the assessment year 2013-14 includes:-
(a) Income from Salary / Pension; or
(b) Income from House Property; or
(c) Income from Capital Gains; or
(d)...
Income Tax | Returns Filing - Step 2 [b] : Filling-up Form ITR-2, for Individual / HUF with Additional Income [other than TDS1 & TDS2]
Thursday, 11 July 2013
Read more ...
Income Tax | Returns Filing - Step 2 [a] : Filling-up Form ITR-1, For Salaried Employee [under TDS1 or TDS2]
Wednesday, 10 July 2013
For Individuals / HUF having Income from Salary / Pension / Income from One House Property [excluding loss brought forward from previous years] / Income from Other Sources [Excluding Winning from Lottery and Income from Race Horses]
ITR-1 is for salaried individual or HUF [with TDS1 accumulation], with no other income sources other than salary or renumeration contract employee [with TDS2 accumulation] or both.
It is...
Income Tax | Returns Filing - Step 1 : Selecting ITR Form
Thursday, 30 May 2013
A Guide to Choosing the 'Correct' ITR Form for an Assessee.
This page helps to identify the right ITR form for an Assessee.
To choose the right ITR Form, first identify the 'Status of Assessee'.
If you are not able to Identify the correct 'Assessee Status', visit Know Your PAN page..
After Identifying the Status, Select the Form referring the table below:
Sr #
Status of Assessee
ITR Form(s)
1.
Individuals
...
Income Tax | Filing Returns - Why Four ITR Forms for Individuals / HUF?
Thursday, 16 May 2013
The 4 forms are designed on a hierarchical order and the forms should be
referred as below. The 'Assessee' with lower form relevance should not
go for higher one.
Case #
Income from Salaries and Interest under head
“Other Sources”
Any income
other than “Partnership”,
and/or
“Proprietorship”
Income from Partnership in business
Income from Proprietorship business
ITR Form
Case 1.
Yes
X
X
X
ITR - 1
...
Income Tax | Know Your 'PAN'
Tuesday, 28 August 2012
Permanent Account Number or simply PAN
is a ten-digit alphanumeric number, issued in the form of a printed plastic [earlier days, it was paper printed & laminated] card, by the Income Tax Department [Government of India], to any “Indian-national applicant” who applies for it or in some cases to whom the department allots the...
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