July 31, 2017 is the last date for filing income tax returns for FY 2016-17. It’s important to know what has changed in ITR compared to last year. The biggest change is the number of ITR forms have reduced from 9 to 7. Other than that all the tax returns have to filed electronically except for […]
The new Income Tax Return (ITR) Forms ITR–1, ITR-2, ITR-4S have been notified for AY 2015-16. We have highlighted the changes in these forms from last year. Common Changes: Following are the changes in ITR Rules: You cannot fill ITR-1 (Sahaj) and ITR-4S (Sugam) if you have any income from sources outside India EVC verification
Filing income tax returns online have gain popularity in recent years. Some estimate that last year (2011) around 16 million tax payers used online option to file their tax returns. It is further estimated that this number would grow to around 25 million this year. With such a growth, there have been a slew of
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