EduVibes: Things to know before filing ITR

Things to know before filing ITR

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Monday, July 09, 20186 minute read

Sat, Jul 07, 2018 | 12:20 PM IST

Understanding the ITR filing process

Received Form 16? What figures to check and where
The new ITR forms for the assessment year 2018-19 mandate that salaried class employees provide their salary breakup while filing returns.

Mistakes in filing ITR that may get you a tax notice

Even a small mistake can land you in trouble with the tax department. You could end up getting penalised or even be served a tax notice.

Switched jobs? Here is how to deal with Form 16
For more than one Form 16, prepare a revised statement of income and tax liability to make sure that the tax is calculated as per the correct slab.

How to file ITR 1: Here's a complete guide

To handhold you during the return filing process, here is a step-by-step guide right from registering yourself on the e-filing portal to filling up each section in ITR1.

What is Form 26AS and how it helps in filing income tax return
Form 26AS is an annual consolidated tax statement that can be accessed from the income-tax website by all taxpayers using their Permanent Account Number.

E-filing ITR: Govt's income tax website or private websites?

The private websites typically offer only the basic e-filing services at no cost but the more complex operations come at a cost.

How to file ITR with salary income and home loan
In case of self-occupied property, deduction under section 24(b) cannot exceed Rs 2 lakh provided certain conditions related to the nature of the loan are met.

6 ways to verify your income tax return

As per the existing tax laws, a return filed by the taxpayer is not valid until it is verified as filed by the concerned assessee.

How to fill salary details in ITR1 for FY 2017-18
This year taxpayers have to provide detailed break-up of their salary income in ITR1. This includes details of allowances not exempt from tax, value of perquisites, and so on. This video will show you how to fill in details of your salary in ITR1.

PAN-Aadhaar linking deadline extended till March 2019

This is the fifth time the government has extended the deadline for individuals to link their Permanent Account Number (PAN) to their biometric ID (Aadhaar).

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