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 ...

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 ...

Anyone earning Rs 2.5 lakh or more in India must file an ITR. This rule applies to everyone, not just high-income earners. Missing the deadline can get pricey. Late filers face penalties up to Rs ...

Picking the correct Income Tax Return form is key. Salaried folks making up to ₹50 lakh a year can use ITR-1. This includes ...

Click here & Learn more about ITR 1 form in India, including the instructions to fill the form, how to download the form & how to file ITR-1 form offline & online. ITR Filing for Salaried ...

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 ...

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

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

The simplification of ITR forms has been a welcome change for NRIs. However, e-verification of ITR form to successfully complete the filing process continues to pose certain challenges. Read our story ...

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 ...

As per the Income Tax notification, the deadline to file Revised ITR and Belated ITR is December 31, 2022. If you have not filed your income tax return by July 1, 2022, or had filed the ITR but ...