Let's examine the key distinctions between ITR-1 and ITR-2 forms. You can use ITR-1 if you ... Is holding assets outside India f)Total income exceeds Rs 50 lakh g) Is a Hindu Undivided Family ...

The online ITR forms were made available from April ... 2023-2024), the basic exemption limits for filing ITR in India were as follows: 1. Age factor >> For individuals below 60 years of age ...

India has different slabs for people under 60, senior citizens (60-79), and super seniors (80 and above). For example, if you ...

Anyone earning Rs 2.5 lakh or more in India must file an ITR. This rule applies to everyone, not just high-income earners.

ITR filing 2024: The Central Board of Direct Taxes (CBDT) enabled early last month ITR forms 1, 2, 3, 4 and 6 on the Income Tax Department’s e-filing portal for ...

For starters, the first 4 ITR forms (ITR-1,2,3,4) are necessary for an individual to know about, while filing taxes. Lets decode all these forms in detail with Tanya, a 22 year old IT professional ...

Completing tax return without Form 16 can be confusing. Here is how you can easily file it when you don't have one.

The simplified ITR-1 form is currently available for residents. Extending it to NRIs with limited income sources would make ...

Filing your Income Tax Return (ITR) is an important obligation for every taxpayer in India. However, if you miss this deadline, it’s crucial to understand the consequences, including potential ...

The simplification of ITR forms has been a welcome change for NRIs. However, e-verification of ITR form to successfully ...

Failure to file ITR may trigger reports based on undeclared ... it may result in a direct deduction from your salary. Employers across India have set this deadline for submitting evidence to ...