Self-Assessment Tax

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This refers to any balance paid tax through the assessee on income that was assessed after taking advance tax and TDS into play before the filling of the return income tax. All corporations and individuals are liable to self-assessment tax payment. There are certainly no precise dates to make the required payments. It is only stated that defaults in the tax payment or filling the required returns will start fetching interest as from 31stJuly.

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Tax liability will be calculated after the consideration of various exemptions and deductions. In the event that the sum of entire tax paid [TDS total and tax advance] is lesser than the entire tax liability. This means that the remaining balance tax is owed to the government. This can either be from a corporation or an individual. Therefore,it’s paid as assessment self-tax.

There two different procedures through which a person can make payment on the tax. It can either be direct payment mode or online payments mode. Below both procedures will be discussed and elaborated on.

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Direct payment mode

A person or a corporation can make the necessary payments through filling of the challan tax payment, ITNS 280. The Challans can be found at the selected bank branches that have a department that deals with income tax.

 

Online payment mode

The tax could be payed by simply visiting their link https://onlineservices.tin.egov-nsdl.com/etaxnew/tdsnontds.jsp

 

When you are in the website, select the Challan No. ITNS 280, as it is the number which is used in the payment of the corporation tax and income tax.

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  • Choose Tax that is applicable as[income tax – 0021 – other than other establishments]
  • Choose the year of assessment
  • Then choose the payment type as assessment self-tax and go ahead to fill in the required information
  • The online payment is allowed to be made by net banking but not debit cards
  • You are then required to choose the correct year of assessment
  • Fill the required form and afterwards click on proceed
  • Give all the required tax details on the form
  • Key in the payable tax amount
  • Afterward confirm and then proceed

 

The tax income return can only be filled if you have paid the due tax to the central government. Defaulting on tax payment is regarded as a criminal offense and an individual or certain corporation is liable to penalties punishable the law courts system. Moreover, the more you delay or postpone the payment the more the interest amount grows. This will go on till the time you will decide to make necessary required payments. It is important to make the appropriate payments on time before the tax cost became too expensive to deal with.

Once you have cleared on tax payment it will soon after show on 26AS form within at least 2 to 3 days since the payment date. It is important to ensure you select the correct year since the wrong year choice will lead you pay the tax amount of the wrong chosen year. However, this can be corrected through rectification challan process. In case there is any occurring problem please contact the tax department and ask for assistance.

Income Tax e-Filing

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 Income Tax e-Filing: Filing of income tax returns can be done online from the convenience of your home or office. This is what is referred to as e-filing. There are two different methods through which you can take advantage of this cost-free and easy-to-use online facility. These are:

  1. Using the browser-based e-filing method. This involves logging on to the income tax department e-filing portal without having to download any software or application.
  2. Using e-filing applications, software or utilities that have been downloaded or sourced from the Department of Income Tax. This method involves completing the forms or utilities so provided and then uploading them to the website of the Department of Income Tax. These applications or utilities include the ITR Excel Utility and the ITR Java Utility.
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Filing income tax by use of custom softwares These utilities or tax filing-specific softwares are normally released on an annual basis at no cost. It is therefore important to keep updating these softwares or utilities for filing of income tax. The ITR Excel Utility has existed longer than the ITR Java Utility. Previously only the ITR Excel Utility was available. The ITR Java Utility has quickly gained a following because it is easier to use. Besides being user friendly, other outstanding features include the fact that this utility can automatically fetch information and enter it. To upload income tax returns via the ITR Java Utility is also faster and less complicated. Step-by-step process of Income Tax e-Filing by use of customer utilities

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  1. Visit the https://www.incometaxindiaefiling .gov.in website. Depending on your kind of income select the relevant form.
  2. After selecting the form relevant to your income type get the utilities provided. You have the choice of Excel or Java.
  3. Enter the information required into the utility you have downloaded. Make sure the information is the same in all the forms including Form 26AS, Form 16B, Form 16A and Form 16.
  4. After filling of the utility form is complete the next step is to upload it on to the website. You will have to do this after signing in under the particular utility you have filed in.
  5. Once it has been uploaded successfully, you will get an acknowledgement message on the screen. An ITR-V will also be dispatched to the email address associated with your account in the event that you didn’t digitally sign your returns.
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Step-by-step process of browser-based Income Tax e-Filing The browser-based method of e-filing income tax returns does not require you to download any utilities.

  1. Visit the https://www.incometaxindiaefiling .gov.in website and sign in. Your user ID is your PAN(Permanent Account Number).
  2. Click on the link ‘e-File – Income Tax Return – Prepare and Submit Online’.
  3. Enter all the information required and then click submit.

NOTE: Income Tax Returns require to have been digitally signed. To do this all the taxpayer needs to do is have the ITR-V acknowledgement slip printed out and have them signed. It should thereafter be sent to the Department of Income Tax by physical mail. This should be within a period of four months or 120 days.

Digital Signature FAQ

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There are various Frequently Asked Question about digital signatures. This article is going to explain and elaborate more on the numerous queries asked. This is helpful in broadening a person’s knowledge on this subject.

What is a digital signature certificate?

Digital signature certificate [DSC] is digitally equivalent to papers or physical certificates. Example of paper documents includes passport, driver’s license and membership card. The certificates serve as identity proof. A driving license identifies you as an individual who is legally permitted to drive in a certain country. Equally, a digital certificate document can electronically be presented as identity evidence in accessing information or certain services online or in the signing of a document digitally.

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Why the digital certificates are required?

Just like how paper physical document are manually signed, electronic digital documents such as e-forms require being signed digitally through the use of a digital signature.

What are the diverse categories of digital signature certificate binding for MCA21 suite?

There are various kinds of digital certificate such as:

Class 2: Here, a person’s identity is proved using a trusted, pre –proven database.

Class 3: This is the uppermost level, a person is required to present herself or himself in front of the Registration Authority [RA] and show the required prove of his or her identity.

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Who is responsible for issuing the Digital Signature Certificate?

An approved Certificate Authority [CA] is responsible in issuing the digital signatures. This is a body which has been allowed and approved to give out the signature certificate under section 24, Indian IT.act 2000. The list of approved authorities together with their contacts is available on MCA portal online [www.mca.gov.in]

What kind of digital signature certificate is expected for e-filling through the MCA online portal?

You can obtain DSC of level 3 or 2 category given out by an approved authority when using the MCA online portal for the required e-filling.

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Is DIN [Director Identification Number] a pre-requisite in applying for DSC? The answer to this is so simple. It is not a pre-requisite.

How much does it cost to obtain Digital Signature Certificate [DSC]

The cost of acquiring the certificate may vary. This is because there are various factors to be considered when issuing the signature certificate. Therefore, the charges for the different entities may vary.

How much time does it take for the certified authority to issue a digital signature certificate?

The number of days for the process to be completed may vary from only three which is the minimum time to seven days which is the maximum time.

How long is the Digital certificate valid?

The certifying authority is usually allowed to give out digital certificate which is valid for one or at most two years. After the period ends you are required to renew the issued certificate. This factor is quite important and should not be ignored.

What is the current legal standing of the digital signature

Digital signature is legally binding in a law court, as stated under the IT provisions.

 

Digital Signature

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Digital signature is a carefully worked-out scheme for validating the legitimacy of messages or documents that are digital. A binding digital signature gives the receiver benefit of doubt that the received document was from the sender. Later on the sender cannot repudiate having written and sent the message. The signature is useful in proving that the documents are legit and not altered thus promoting integrity. This is a customary element of numerous cryptographic protocol programs and is mostly used during financial transactions, software distribution and other various cases where forgery and tampering of the documents is alarming and prohibited.

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Digital signatures are mostly used in implementing electronic signature. In various countries such as Brazil, India, Saudi Arabia, United States, Switzerland and European union where the electronic signature has some legal standing. The signature is created in such a way that they are able to deliver a layer of security and complete validation to the documents and messages sent through channels that are non-secure. If properly used the signature gives recipient of the message a valid reason to claim the sender sent the message.

Digital Signature- image 1

The digital signature and seals are just the same as signatures that are handwritten and stamped seals. However, signature that are digital are more hard to forge if they are implemented properly. A person must implement them accurately to make them more effective. They are often able to offer non repudiation. This means that a person cannot claim that they didn’t sign the document and at the same time claim that they didn’t send the document. In this system an time stamp for the sent message is seen.

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There are several additional security precaution put in place to prevent tampering of the document such as storing of the private key on a smart card. Numerous smart cards are specifically designed to protect them from tampering. Other security measures include using a separate keyboard with the card readers, using the signatures with trusted applications and using networks that are attached to hardware security module.

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Below are some of the common reasons as to why digital signatures are used:

For authentication purposes

Digital signatures can be used to validate the messages sources. This is greatly used in financial context where the sent information valuable and one cannot afford miscommunication. it places high level of trust and confidence on the sender’s validity.

Integrity

Both the receiver and the sender need to have confidence that the message has not been tampered with through alterations during the transition period. This is because in case of any changes after the massage has been signed the signature is invalidated.

Non-repudiation

It is a very important aspect in digital signatures. A person who has signed and sent the message has no legal ground of denying that he or she has not signed the message. They rely on secret key that only the user has access to. Of course there is stolen key pair theft. However, they should be reported and change. This prevents forgery of messages or documents.

People should adapt this system since it’s efficient and effective of sending a secured important message through the internet.

Income Tax FAQ’s

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Can you explain what a return of income is?

A return of income is a form containing information pertaining to the income an individual has earned in a given financial year. A return of income also contains information on the taxes that a particular individual has pain on their income. This form is meant for the Income Tax Department. There are various types of return of income forms issued depending on the nature of income as well as the status. The return of income forms are available for download on www.incometaxindia.gov.in.

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Which are the various forms of return as per the laws of income tax?

There are various forms of returns for various taxpayer classes. Return forms are also commonly referred to as Income Tax Return Forms or ITR Forms. The legally prescribed income tax forms include the following:

ITR-1

The ITR-1 is also referred to as SAHAJ. This form of return is relevant to persons who are drawing a pension, a salary or earning an income from rental proceeds. They could also be earning an income in any other way but not from betting on horses or lottery winnings.

ITR-2A

This form of return applies to persons and HUF(Hindu Undivided Family) whose income source is not from business activity or practising a profession or from capital gains.

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ITR-2

The ITR-2 applies to a HUF or persons whose source of income is any other source besides business activity or being in a profession.

ITR-V

This is the form a taxpayer gets to acknowledge that they have filed income tax returns.

Where can one download the return forms from?

The return forms can either be downloaded by visiting the website http://incometaxindiaefiling.gov.in​ or http://www.incometaxindia.gov.in.

Which are the various ways one can file income tax returns?

  • By completing the returns on a physical copy of the forms.
  • Electronically completing the returns using a digital signature.
  • By electronic transmission of the data after being verified electronically.
  • By electronic transmission of the information and conducting the verification afterwards by use of ITR-V.

How and where are returns of income filed?

Taxpayers can file their returns electronically by accessing the http://incometaxindiaefiling.gov.in​ website. Taxpayers can also file their returns of income in physical copy by visiting the nearest Income Tax Department office.

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What  sort of e-filing utilities have been provided?

Tax payers have access to e-filing utilities that come at no cost. These utilities are useful for the generation of e-returns and the consequent electronic submission of the returns. These utilities from the Income-tax Department possess simplicity of use and are accompanied by clear instructions. The utilities are downloadable from the http://incometaxindiaefiling.gov.in​ website.

Is e-payment and e-filing the same thing?

No. E-filing is the exercise of filing tax returns electronically. E-payment on the other hand is the exercise of paying tax electronically either by use of a debit card or a credit card provided by the State Bank of India or by use of internet banking. When these two are combined a taxpayer can both file tax returns and pay the required taxes in a fast and convenient manner.

What are the consequences of not filing tax returns?

Failure to file tax returns by an individual who has a taxable income can attract prosecution and a penalty.

How To Save on Income Tax? – 10 Best Steps.

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A lot of people consider taxation as money spent; some even view it as money wasted on dead projects the government undertakes. However, there is a brighter side of taxation that can end up becoming an income as opposed to expenditure. If you plan your taxes well, you can save money, which translates to money earned. This can be done by knowing the possible reasons that can lead to you being put under income tax scrutiny, which can lead to a number of issues being unearthed, that usually does not end well.
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Saving on Income tax through declaration of sources of income

The basic measure is to ensure that you have included all your sources of income as you file your income tax returns (ITR). If your taxes are paid for by your employer, it is still safe for you to ensure you include this in as much as there is no tax liability that comes with this, since deductions such as 80c will have been made. This is majorly applicable if your gross taxable income is above Rs 250,000, you must file a tax return before the last day of July which is the deadline. Failure to do so leads to penalties.  To know your gross income, take your total earnings and deduct exemptions such as HRA, LTA and any conveyance that has been claimed. Avoid claiming exemptions beyond the allowed limit.

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You should be aware that any income earned from fixed deposit and recurring deposits qualifies to be taxed. If you fall within 20 percent or 30 percent taxable group, you are required to pay the extra tax, despite your bank having deducted the 10 percent. If the money you have saved in the bank earns an annual interest of above Rs 10,000 the bank is charged with the duty of deducting TDS (Tax Deducted at Source). This will show in your Form 26AS.

You must ensure you report money earned from life insurance that has matured yet not qualified for taxation.     if you earn any income through businesses such as Short Term Capital Gains out of selling stock, mutual funds or bonds that are not taxable, with one year of purchase. These profits attract a 15 percent tax in case you have paid Securities Transaction Tax. In case you do not pay Securities Transaction Tax, then Short term Capital Gains is subject to income tax. If you trade stock frequently, the profits will be treated as business income and not Short term Capital Gains. You need to know that Long Term Capital Gains and Dividend Incomes are free from tax.  If you experience short term capital loss within 8 years, it should be offset against STCG or LTCG.

If you receive income in cash, it is safe to keep records of such income. These can be documented in the form of bills or receipts you have received from spending such money.

Saving on income tax from property

If your second home is a source of income, it has to be declared. Even if it is not rented, it is safe to declare it. In case you own the property with another person, the income must be declared as per the ration of ownership. You are allowed to deduct 30 percent of the rental income for maintenance and agency. If you occupy the property, you are allowed up to Rs 2 lakhs deductions on loan interest payment and loan processing fees. If you have rented out the property, you are allowed to deduct full interest pain on loan. If you own the house jointly, both owners are allowed to claim the deductions.

If you are a first time property owner, you are allowed to claim a deduction of up to Rs 1 lakh on the interest if the value of the income does not go beyond Rs 40 lakhs. You are allowed a deduction of up to Rs 150,000 on cash basis of accounting on housing loan principal repayment. If you own the property with your spouse, both of you can claim the deduction.

If you sell an immovable property of value of up to Rs 50 lakhs except agricultural land, the buyer is allowed to deduct a compulsory one percent of TDS of the whole transaction amount which he can pay online. You are supposed to get a Form 16B from the buyer as proof of tax liability.

If you sell a property, a Short Term Capital Gain tax will be applied in relation to your income tax slap, within three years. If the transaction is over three years, Long Term Capital Gain applies; you can avoid this by investing in another house, tax exemption bonds or capital gain account scheme with a bank. If you deposit money under CGAS, you must use it to buy another house within two years or use it to build another house within three years of the sale. Going the CGAS way as a means to save on taxation is not easy since a lot of details are required.

Saving on income tax if you are self employed

If you run a business, you are allowed to claim deductions from all expenses directly from the business. Examples of such expenses include rent, office supplies, Internet bills, monthly telephone bills, repairs, travel expenses (domestic and foreign) meals and entertainment. Health bills also fall in this category. You can also claim deductions from expenses on mobile and car, whether personal or for the business.

In line with taxation slabs, you are allowed deductions on depreciation for cars, furniture, property electronics and so on. If you have an office at home, you can claim 30 percent on phone bills, electricity and proportion of the rent. If you have expenses that go beyond Rs 20,000, you should pay using an Accounts Payee cheque. If you have paid TDS, you can claim deduction on other payments such as fees and salaries paid to other people.

Saving on income tax through foreign income

First, it is good for you to know whether you are a nonresident under the IT act or non-resident Indian under Fema. You must declare money earned from outside the country or property that is outside the country. If you are a PIO/ OCI resident, you must declare your passport details. As an expatriate in India, you do not have to declare your foreign assets. If you qualify for Double Taxation Avoidance Agreement (DTAA), you must declare it, along with it you must produce tax registration certificate.

Important documents that will allow you save on taxes

For your tax deductions by your employer, you need form 16A. Form 26AS will should a breakdown of all your TDS’ and advance tax. It also shows your self-assessment tax or regular assessment tax deposited in banks. To avoid TDS deductions, you must submit form 15G/ 15H at the bank if you think your FD/ RD will not go past Rs 10,000. Form 15H is reserved for senior citizens. Your bank or your property registrar submits your annual information return to the income tax department to help them know your high value deposit, bonds and stocks, credit card transactions and so on.

The danger of not declaring these things is falling into scrutiny. The problem of being under scrutiny is you may be required to match you annual information returns with your physical records, which is never easy. Be save, declare.

Income Tax Refund Status

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Once you claim you income tax refund it is important to check its status so that in case there’s a hitch, he problem can be rectified. To find out the status of your refund the website to visit is https://tin.tin.nsdl.com

Before you can check the status of your income tax refund you need to have your Permanent Account Number or PAN with you. On the above website you will enter it in the relevant field. You also need to enter the assessment year. The assessment year can be a bit confusing at times but an example will suffice.
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Example:

Income Tax Refund Status- image 1

Let’s assume the date of filing your income tax returns was on 31st July 2014 then the assessment year is 2014/2015. If 31st July 2015 then the assessment year is 2015/2016. In short it’s the year you filed your return and the year that follows.

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Eligibility Rules for Refunds

You are entitled to a refund in the event of excess deduction of income tax. This normally arises when an extra tax deduction occurs at the source by either your bank or your employer. In the case of banks the extra tax could have been deducted on the interest earnings from fixed deposits which have exceeded 10,000 in a given year.

In order to claim a tax refund filing an Income Tax Return is necessary. The date of filing returns is usually July 31st of every year. Occasionally extensions may be granted.

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Checking the status of a refund

It sometimes so happens that you have filed your income tax returns but are yet to get the refund. In such a case the best thing to do before jumping to conclusions is to find out the status of the refund. You can do this online by logging onto the website www.tin-nsdl.com. Alternatively the website www.incometaxindia.gov.in serves the same purpose.

Once you are on the home page you will need to look for a tab labelled ‘Status of Tax Refunds’ and click on it. Then you will be required to key in your PAN number as well as the assessment year for which you are tracking the refund status. Once you have entered the above details you will get a window displaying the status of your refund, date of refund, a reference number and a mode of payment.

Processing of refunds

The financial institution responsible for the processing of refunds is the State Bank of India. Taxpayers who have claimed refunds can get paid using two methods – a demand draft/cheque or the electronic clearing system.

For a taxpayer to get their refund paid through the electronic clearing system they will need to have checked this option at the time of filing the income tax returns. They also need to have supplied their communication address, their bank account number and their magnetic ink character recognition code.

The default mode of payment for those who didn’t choose the electronic clearing system is a demand draft or cheque. In this case the taxpayer needs to have supplied their mailing address and their bank account number at the time of filing their income tax returns.

In the event that the refund status shows the funds have been paid but you are yet to receive the money in your bank account, you should get in touch with the State Bank of India or your bank.

Income Tax Refund FAQ

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When did the refund banker scheme commence?

The refund banker scheme has been in operation since the 24th of January 2007. 

In which parts of the country is the refund banker scheme available?

The refund banker facility is available all across the country for all non-corporate taxpayers.

Who processes and sends the refunds?

The refund banker of the Income Tax Department is the State Bank of India. The refunds falling under the refund banker scheme are processed by a department of the State Bank of India known as the Cash Management Product Dept. Particulars of the refunds emanate from the Income Tax Department and the Cash Management Product Department conducts the processing and the sending of the refunds to the non-corporate taxpayers.

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In what mode will I receive the refund?

Refunds are ether credited directly to the taxpayer’s bank account if the taxpayer has chosen this mode of refund. For those who have not chosen this mode of refund they will get their money either by a demand draft or a cheque.

Is it possible to find out my refund’s status?

Yes. This can be done by either visiting the NSDL-TIN website or the Income Tax Department Website. The web addresses are www.incometaxindia.gov.in and www.tin-nsdl.com respectively. To track the refunds’ status click on ‘Status of Tax Refunds’ and then enter the Permanent Account Number and the year for which you are claiming the refund.

Alternatively the other method of tracking the status of a refund is to call the State Bank of India on 18004259760 which is a toll free number. You can also email SBI on itro@sbi.co.in.

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Who should be contacted in case of change of address?

The tax payer should get in touch with their assessing officer and let them know about the address changes. 

What steps should I take in case the bank account where my refunds are usually credited to is closed?

Where there are changes in a bank account number the assessing officer should be notified. The new account number plus the MICR code where the taxpayers wishes to have their refunds credited to should be passed on to the assessing officer.

Who is to be contacted in the event that the refund already sent has not been received?

The non-corporate tax paer should get in touch with their local post office. They should have the speed post reference number with them. This number can be accessed on the website of NSDL-TIN.

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My account remains uncredited and yet the physical ECS refund advice has been sent and also the status of refund on the website says it’s been paid out?

In the event that the refunds have not been received in your bank account but you have already been sent the refund advice and the refund status on the website says ‘paid’, you should get in touch with the State Bank of India or your bank.

What should I do if the refund cheque is past its validity date and I am yet to cash it?

You should get in touch with the State Bank of India and also your Assessing Officer.

Income Tax Return e Filing Application Form Online Download

Income Tax:
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Income tax is a mandatory contribution which is levied by the government on individuals & firms, that varies with the income earned

Income Tax Return e Filing Application Form:

Now you can furnish or file your Income-tax returns very easily by online sitting at home.

Depending upon your requirement & the type of Income-tax returns you comes under, you can choose the form from the list given below:

Different Types of Income Tax Return e Filing Forms:

  • Form No: ITR-1 SAHAJ
  • Form No: ITR-2
  • Form No: ITR-2A
  • Form No: ITR-3
  • Form No: ITR-4
  • Form No: ITR-4S-SUGAM
  • Form No: ITR-5
  • Form No: ITR-6
  • Form No: ITR-7

Form No: ITR-1 SAHAJ

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Form No: ITR-1 SAHAJ is applicable for the individuals whose source of income is from salary & interest.

  • Income from Salary / Pension
  • Income from one House property
  • Income from other sources (excluding winning from lottery & Race horses)

Note: This Income tax Return Form is applicable for assessment year 2015-16 only, i.e., it relates to income earned in Financial Year 2014 -15.

Tax Computation Table:

 

  • Every Individual except (the individuals above or 60 years of age)
Income Tax Liability
Up to 250000 NIL
From 250001 – 500000 10% of income above RS 250000
From 500001 – 1000000 Rs 25000 + 20% of income above RS 250000
Above Rs 1000000 RS 125000 +30% of income above Rs 1000000

 

 

  • Every Individual whose age is more than 60 but less than 80 years

 

Income Tax Liability
Up to 300000 NIL
From 300001 – 500000 10% of income above RS 300000
From 500001- 1000000 20000 + 20% of income above RS 300000
Above Rs 1000000 120000 + 30% of income above Rs 1000000

 

 

 

  • Every Individual whose age is more than 80 years

 

Income Tax Liability
Up to 500000 NIL
From 500001- 1000000 20% of income above RS 500000
Above Rs 1000000 100000 + 30% of income above Rs 1000000

 

To download the ITR-1 SAHAJ online application Form click here: (http://incometaxindiaefiling.gov.in/)

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Form No: ITR-2:

Form No: ITR-2 is applicable for individuals & Hindu Undivided Families not having Income from Profession or Business.

Form No: ITR-2 is applicable for an individual or a Hindu Undivided Family whose total income for the assessment year 2015-16 includes:

  • Income from Salary / Pension
  • Income from House Property
  • Income from Capital Gains
  • Income from Other Sources (including Winning from Lottery and Income from Race Horses).

Note:

    • This Income tax Return Form ITR-2 is applicable for assessment year 2015-16 only, i.e., it relates to income earned in Financial Year 2014 -15.
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  • This Income tax Return Form is not applicable for an individual or a Hindu Undivided family whose total income for the assessment year 2015-16, includes the Income from Business or Profession.

 

To download the ITR-2 online application Form click here: (http://incometaxindiaefiling.gov.in/)

 

Form No: ITR-2A:

Form No: ITR-2A is applicable for individuals & Hindu Undivided Families not having Income from Profession or Business, Capital Gains, Individuals who don’t have foreign Assets.

Form No: ITR-2A is applicable for an individual or a Hindu Undivided Family whose total income for the assessment year 2015-16 includes:

  • Income from Salary / Pension
  • Income from House Property
  • Income from Other Sources (including Winning from Lottery and Income from Race Horses).
  • In a case where the income of another person like spouse, minor child, etc. is to be clubbed with the income of the assessee, this Return Form can be used where such income falls in any of the above categories.
  • This Income tax Return Form ITR-2A is applicable for assessment year 2015-16 only, i.e., it relates to income earned in Financial Year 2014 -15.

Note:

  • This Income tax Return Form ITR-2A is not applicable for an individual or a Hindu Undivided family whose total income for the assessment year 2015-16 includes Income from Business or Profession:
  • Income from Capital Gains
  • Income from Business or Profession
  • Any claim of relief/deduction under section 90, 90A or 91
  • Any resident having any asset located outside India or signing authority in any account located outside India or any resident having income from any source outside India.

To download the ITR-2A online application Form click here: (http://incometaxindiaefiling.gov.in/)

 

Form No: ITR-3:

Form No: ITR-3 is applicable for individuals & Hindu Undivided Families being partners in firms but not doing any Business or Profession under Proprietorship.

Form No: ITR-3 is applicable for individual & Hindu Undivided Families being partner in a firm but not getting any sort of Income like Salary, Bonus, Commission, Remuneration etc from that Firm.

Form No: ITR-3 is applicable for assessment year 2015-16 only, i.e., it relates to income earned in Financial Year 2014 -15.

 

Note:

  • This Income tax Return Form ITR-3 is not applicable for an individual whose total income for the assessment year 2015-16 includes the Income from Business or Profession under any proprietorship.

 

To download the ITR-3 online application Form click here: (http://incometaxindiaefiling.gov.in/)

 

Form No: ITR-4:

Form No: ITR-4 is applicable for individuals & Hindu Undivided Families whose source of Income is from a Proprietary business or profession.

Form No: ITR-4 is applicable for assessment year 2015-16 only, i.e., it relates to income earned in Financial Year 2014 -15.

 

To download the ITR-4 online application Form click here: (http://incometaxindiaefiling.gov.in/)

 

Form No: ITR-4S-SUGAM:

Form No: ITR-4S-SUGAM is applicable for individuals & Hindu Undivided Families whose source of Income is Presumptive Business.

Form No: ITR-4S-SUGAM is applicable for individuals & Hindu Undivided Families whose source of Income is Business, where such income is computed in accordance with special provisions referred to in section 44AD and 44AE of the Act for computation of business income.

Form No: ITR-4S-SUGAM is applicable for assessment year 2015-16, which includes:

  • Income from Salary / Pension
  • Income from House Property (excluding cases where loss is brought forward from previous years)
  • Income from Other Sources (including Winning from Lottery and Income from Race Horses).
  • In a case where the income of another person like spouse, minor child, etc. is to be clubbed with the income of the assessee, this Return Form can be used where such income falls in any of the above Income categories.
  • The Income computed will be presumed after giving every loss, allowance, depreciation under the Income-Tax Act.

Note: Form No: ITR-4S-SUGAM is not applicable for individuals & Hindu Undivided Families whose source of Income is form the following:

  • Income from more than one house property
  • Income from Race horses/winning lottery
  • Income from Capital Gains
  • Agriculture Income exceeding RS 5000/-
  • Income from speculative Business
  • Any resident having any asset located outside India or signing authority in any account located outside India or any resident having income from any source outside India.
  • Any claim of relief/deduction under section 90, 90A or 91

 

To download the ITR-4S-SUGAM online application Form click here: (http://incometaxindiaefiling.gov.in/)

 

 

Form No: ITR-5:

Form No: ITR-5 is applicable for a person being firm, LLPs, AOP, BOI, artificial juridical person, cooperative society & local authority.

Form No: ITR-5 is applicable for a person other than Individuals, Hindu Undivided Families, Company & the person filing Form No: ITR-7.

Form No: ITR-5 is applicable for assessment year 2015-16 only, i.e., it relates to income earned in Financial Year 2014 -15.

Note: Form No: ITR-5 is not applicable for individual, who files the return of income under section 139(4A) or 139(4B) or 139(4c) or 139(4D).

 

To download the ITR-5 online application Form click here: (http://incometaxindiaefiling.gov.in/)

 

Form No: ITR-6:

  • Form No: ITR-6 is applicable for the company other than the company claiming exception under Section 11.
  • Form No: ITR-6 is applicable for the company which is not claiming exception under section 11.
  • Form No: ITR-6 is applicable for assessment year 2015-16 only, i.e., it relates to income earned in Financial Year 2014 -15.

 

To download the ITR-6 online application Form click here: (http://incometaxindiaefiling.gov.in/)

Form No: ITR-7:

  • Form No: ITR-7 is applicable for Individuals including companies who are required to furnish their Income returns under below mentioned sections.
  • Form No: ITR-7 is applicable for person including companies, who are required to file their return of income under section 139(4A) or section 139(4B) or section 139(4c) or section 139(4D) section 139(4E).
  • Form No: ITR-7 is applicable for assessment year 2015-16 only, i.e., it relates to income earned in Financial Year 2014 -15.

To download the ITR-7 online application Form click here: (http://incometaxindiaefiling.gov.in/)

Steps Involved:

  • Visit the site and register your details (like First name, Middle name, Last name, Date of birth, PAN number, Mail Id, Mobile number etc.,)
  • You will get an OTP to your Mobile number & Mail id
  • By using that OTP you can Log in to the site and furnish your details of the assessment year
  • Attach the required documents scanned copies
  • Submit complete details by online & take a hard copy, send it to the nearest regional Income-tax Office by Post.

Note: (http://incometaxindiaefiling.gov.in/)

TDS Online Application Form Download

TAX DEDUCTED AT SOURCE:
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TDS is a tax deduction by the Central Board for Direct Taxes (CBDT) department which is managed by Indian Revenue Service (IRS)

TDS is a tax deduction for any payments, which covers under the Income-tax Act 1961

According to the Income-tax Act 1961, any payments cover under these provisions will be paid, only after the prescribed fees deduction which is called as TDS.

TDS on Immovable Properties:

  • It is applicable for the transactions made on or after 01/06/2013
  • TDS is applied when an immovable property is transferred from others excluding Agricultural land.
  • 1% TDS will be deducted when an immovable property transfer exceeds Rs 5000000/-
  • In the above case from buyer it is deducted as TDS & from seller deducts as Income-tax

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Different forms for TDS:

 

  • FORM NO 16B
  • FORM NO 26 Q B
  • CHALLAN NO. / ITNS 281
  • FORM NO 12 B
  • FORM NO 13
  • FORM NO 15 CA
  • FORM NO 15 CB
  • FORM NO 15 D
  • FORM NO 49 B
  • FORM NO 15 G
  • FORM NO 15 H
  • FORM NO 16
  • FORM NO 16 A
  • FORM NO 24 G
  • FORM NO 24 Q
  • FORM NO 26 Q
  • FORM NO 27 A
  • FORM NO 27 C
  • FORM NO 27 D
  • FORM NO 27 EQ
  • FORM NO 27 Q

FORM NO 16B:

Form No 16B is applicable for filing TDS on sale of Immovable properties under section 203

To download the Form 16B click here: (http://contents.tdscpc.gov.in/forms/Form16B.pdf)

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FORM NO 26 QB:

Form No 26 QB is an online form for filing TDS on sale of property as per section 1941A of Income-tax Act 1961

To download the Form 26Q B click here: (https://onlineservices.tin.egov-nsdl.com/etaxnew/tdsnontds.jsp)

 

CHALLAN NO. / ITNS 281:

ITNS 281is a Challan form applicable for TAN holders for making TDS/TCS payment.

To download the Form CHALLAN NO. / ITNS 281 (http://contents.tdscpc.gov.in/forms/TDS-TCS%20ITNS%20281.pdf)

 

FORM NO 12 B:

Form No 12 B is applicable for furnishing income details under Section 192(2) of Income-tax Act 1961, as per Rule 26A

To download the Form 12 B click here: (http://contents.tdscpc.gov.in/forms/Form%2012B.pdf)

FORM NO 13:

  • Form No 13 is applicable for a person or an individual for exemption from deduction of tax under Sections 197.
  • If tax deducts then it will be at a lower rate.
  • Form No 13 is issued as per Rule 26A (2) (b) of Income-tax Act 1961

 

 

To download the Form 13 click here: (http://contents.tdscpc.gov.in/forms/Form%2013.pdf)

 

FORM NO 15 CA:

  • Form No 15 CA is applicable for persons who are non residents of India & foreign companies to get the remittance of payments
  • Form No 15 CA is issued as per Rule 37BB
  • Form No 15 CA is used for furnishing information under Sub-section (6) of Section 195 of Income-tax Act 1961

 

 

To download the Form 15 CA click here: (http://contents.tdscpc.gov.in/forms/Form%2015CA.pdf)

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FORM NO 15 CB:

  • Form No 15 CB issued as per Rule 37BB
  • Form No 15 CB is a certificate of accountant, which is used for furnishing information under Sub-section (6) of Section 195 of Income-tax Act 1961
  • Form No 15 CB applicable for persons who are non residents of India & foreign companies to get the remittance of payments

 

To download the Form 15 CB click here: (http://contents.tdscpc.gov.in/forms/Form%2015CB.pdf)

 

FORM NO 15 D:

  • Form No 15 D application form is applicable for persons who claim receipt of sums other than interest & dividends without tax deduction
  • Form No 15 D is issued as per Rule 29B
  • Form No 15 D is used for furnishing information under Section 195(3) of Income-tax Act 1961

 

To download the Form 15 D click here: (http://contents.tdscpc.gov.in/forms/Form%2015D.pdf)

 

 

FORM NO 49 B:

  • Form No 49 B application form is issued for allotment of Tax deduction & allotment of Account number
  • Form No 49 B is issued under section 203 A as per Rule 114A

 

To download the Form 49 B click here: (http://contents.tdscpc.gov.in/forms/Form%2049B.pdf)

 

FORM NO 15 G:

  • Form No 15 G is issued as per Rule 29 C
  • Form No 15 G is a declaration form under Sub-sections (1) & (1A) of Section 197A of Income-tax Act, 1961.
  • Form No 15 G is a declaration form applicable for a person or an Individual claiming certain receipts without Tax deduction

 

Note:

In Form No 15 G person or an Individual should not be a company or a firm

 

To download the Form 15 G click here 🙁 http://contents.tdscpc.gov.in/forms/Form%2015G.pdf)

 

FORM NO 15 H:

  • Form No 15 H is issued as per Rule 29 C (1A)
  • Form No 15 H is a declaration form under Sub-sections (1C) of Section 197A of Income-tax Act, 1961.
  • Form No 15 H is a declaration form applicable for a person or an Individual who is of the age 60 years or above claiming certain receipts without Tax deduction

 

To download the Form 15 H click here: (http://contents.tdscpc.gov.in/forms/Form%2015H.pdf)

 

FORM NO 16:

  • Form No 16 is a Certificate issued under Section 203 of Income-tax Act, 1961.
  • Form No 16 is a certificate which is issued for the Tax Deduction at Source for the income earned under the head Salaries

Note:

Form No 16 is mandatory for the persons / Individuals whose source of Income is from salaries

 

To download the Form 16 click here: (http://contents.tdscpc.gov.in/forms/Form%2016.pdf)

 

FORM NO 16 A:

  • Form No 16 A is a Certificate issued under Section 203 of Income-tax Act, 1961.
  • Form No 16A is a certificate which is issued for the Tax Deduction at Source for the income other than Salaries

Note:

Form No 16 A is mandatory for the persons / Individuals whose source of Income is from other than the salaries

 

To download the Form 16 A click here 🙁 http://contents.tdscpc.gov.in/forms/Form16A.pdf)

 

 

FORM NO 24 G:

Form No 24 G is a Form used for TDS/TCS Book Adjustment Statement

 

To download the Form 24 G click here 🙁 http://contents.tdscpc.gov.in/forms/Form24G.pdf)

 

 

FORM NO 24 Q:

  • Form No 24 Q is a form issued under Sub-Section (3) of Section 200 Income-tax Act, 1961.
  • Form No 24 Q is a form applicable for persons/Individuals to file the Quarterly statement of deduction of Tax in respect of Salary

 

To download the Form 24 Q click here: (http://contents.tdscpc.gov.in/forms/Form%2024Q.pdf)

 

FORM NO 26 Q:

  • Form No 26 Q is a form issued under Sub-Section (3) of Section 200 Income-tax Act, 1961.
  • Form No 26 Q is a form applicable for persons/Individuals to file the Quarterly statement of deduction of Tax whose source of Income is from other than Salaries.

To download the Form 26 Q click here: (http://contents.tdscpc.gov.in/forms/Form%2026Q.pdf)

 

FORM NO 27 A:

Form No 27 A is a form used for furnishing information with the statement of deduction/collection of tax at source filed on computer media for a given period

To download the Form 27 A click here:  (http://contents.tdscpc.gov.in/forms/Form%2027A.pdf)

 

FORM NO 27 C:

  • Form No 27 C is a Declaration form issued as per Rule 37C
  • Form No 27 C is Declaration form under Sub-Section (1A) of Section 206 C of Income-tax Act, 1961.
  • Form No 27 C is Declaration form to be filed by buyer for obtaining goods without collection of Tax.

 

To download the Form 27 C click here:  (http://contents.tdscpc.gov.in/forms/Form%2027C.pdf)

 

FORM NO 27 D:

  • Form No 27 D is a certificate issued as per Rule 37 D
  • Form No 27 D is a certificate issued for collection of tax at source under Sub-Section (5) of Section 206 C of Income-tax Act, 1961

 

 

To download the Form 27 D click here:  (http://contents.tdscpc.gov.in/forms/Form%2027D.pdf)

 

FORM NO 27 EQ:

Form No 27 EQ is a Quarterly Statement of Tax Collection at Source under certificate Section 206 C of Income-tax Act, 1961

 

To download the Form 27 EQ click here:  (http://contents.tdscpc.gov.in/forms/Form%2027EQ.pdf)

 

FORM NO 27 Q:

Form No 27 Q is a Quarterly Statement of Tax deduction for the persons/Individuals under Sub-Section (3) of Section 200 Income-tax Act, 1961 whose source of income is from other than salaries

 

Note:

  • Form No 27 Q is applicable for the persons/Individuals who are non residents of India and whose source of Income is not from salaries

 

 

To download the Form 27 Q click here:  (http://contents.tdscpc.gov.in/forms/Form%2027Q.pdf)

 

Wealth Tax Returns Application Form

Wealth tax: Wealth tax is a tax which is levied on the total value of an individual/personal Assets

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Individual/personal Assets includes Cash, Bank Deposits, Fixed Deposits, owner-occupied house, Pension plans, Insurance Policies, unincorporated business, Financial securities, Investments in Real estate, Personal trusts, Corporate stock etc,.

Wealth tax is a tax which is levied on the flow of Assets

  • Wealth tax is also called as Capital tax
  • Wealth tax is also called as Equity tax
  • Wealth tax is also called as Net worth tax

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There are 2 different Wealth tax return forms:

  • Form No BA
  • Form No BB

Form No BA:

Form No BA is applicable for the Individuals/Hindu Undivided Families or Companies to furnish the Net wealth returns

According to the Wealth-tax rule 3(1) (B) 1957 Form No BA is used for filing the return of Net Wealth

To download the Form No BA Application Form click here 🙁 http://www.incometaxindia.gov.in/forms/wealth-tax%20rules,%201957/103120000000008086.pdf)

 

Form No BB:

Form No BB Application Form is used as assessment year form to file the Net wealth return

According to the Wealth-tax rule 3(1) (B) 1957 Form No BB is used for filing the return of Net Wealth

 

To download the Form No BB Application Form click here 🙁

http://www.incometaxindia.gov.in/forms/wealth-tax%20rules,%201957/wtr57formbb_return.pdf)

 

To download the Form No BB Application Form Instructions click here 🙁

http://www.incometaxindia.gov.in/Supporting%20Files/WTR_FormBB_Ins/Instructions-Wealth-Tax-18-07-2014.pdf)

Income Tax Returns Application Form Download ITR Online E-Filing

Income tax is a mandatory contribution which is levied by the government on individuals & firms, that varies with the income earned
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Different Types of Income Tax Return Forms:

  • Form No: ITR-1 SAHAJ
  • Form No: ITR-2
  • Form No: ITR-2A
  • Form No: ITR-3
  • Form No: ITR-4
  • Form No: ITR-4S-SUGAM
  • Form No: ITR-5
  • Form No: ITR-6
  • Form No: ITR-7

Form No: ITR-1 SAHAJ

Form No: ITR-1 SAHAJ is applicable for the individuals whose source of income is from salary & interest.

  • Income from Salary / Pension
  • Income from one House property
  • Income from other sources (excluding winning from lottery & Race horses)

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Note: This Income tax Return Form is applicable for assessment year 2015-16 only, i.e., it relates to income earned in Financial Year 2014 -15.

Tax Computation Table:

 

  • Every Individual except (the individuals above or 60 years of age)
Income Tax Liability
Up to 250000 NIL
From 250001 – 500000 10% of income above RS 250000
From 500001 – 1000000 Rs 25000 + 20% of income above RS 250000
Above Rs 1000000 RS 125000 +30% of income above Rs 1000000

 

 

  • Every Individual whose age is more than 60 but less than 80 years

 

Income Tax Liability
Up to 300000 NIL
From 300001 – 500000 10% of income above RS 300000
From 500001- 1000000 20000 + 20% of income above RS 300000
Above Rs 1000000 120000 + 30% of income above Rs 1000000

 

 

 

  • Every Individual whose age is more than 80 years

 

Income Tax Liability
Up to 500000 NIL
From 500001- 1000000 20% of income above RS 500000
Above Rs 1000000 100000 + 30% of income above Rs 1000000
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To download the application Form click here 🙁 http://www.incometaxindia.gov.in/Pages/downloads/income-tax-return.aspx)

For Guidelines click here: (http://www.incometaxindia.gov.in/Supporting%20Files/2015/InstructionITR1_2015_ENG.pdf)

 

Form No: ITR-2:

Form No: ITR-2 is applicable for individuals & Hindu Undivided Families not having Income from Profession or Business.

Form No: ITR-2 is applicable for an individual or a Hindu Undivided Family whose total income for the assessment year 2015-16 includes:

  • Income from Salary / Pension
  • Income from House Property
  • Income from Capital Gains
  • Income from Other Sources (including Winning from Lottery and Income from Race Horses).

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Note:

  • This Income tax Return Form ITR-2 is applicable for assessment year 2015-16 only, i.e., it relates to income earned in Financial Year 2014 -15.
  • This Income tax Return Form is not applicable for an individual or a Hindu Undivided family whose total income for the assessment year 2015-16, includes the Income from Business or Profession.

 

To download the application Form click here: (http://www.incometaxindia.gov.in/pages/downloads/income-tax-return.aspx)

For Guidelines click here: (http://www.incometaxindia.gov.in/Supporting%20Files/2015/InstructionITR2_2015_ENG.pdf)

 

Form No: ITR-2A:

Form No: ITR-2A is applicable for individuals & Hindu Undivided Families not having Income from Profession or Business, Capital Gains, Individuals who don’t have foreign Assets.

Form No: ITR-2A is applicable for an individual or a Hindu Undivided Family whose total income for the assessment year 2015-16 includes:

  • Income from Salary / Pension
  • Income from House Property
  • Income from Other Sources (including Winning from Lottery and Income from Race Horses).
  • In a case where the income of another person like spouse, minor child, etc. is to be clubbed with the income of the assessee, this Return Form can be used where such income falls in any of the above categories.
  • This Income tax Return Form ITR-2A is applicable for assessment year 2015-16 only, i.e., it relates to income earned in Financial Year 2014 -15.

Note:

  • This Income tax Return Form ITR-2A is not applicable for an individual or a Hindu Undivided family whose total income for the assessment year 2015-16 includes Income from Business or Profession:
  • Income from Capital Gains
  • Income from Business or Profession
  • Any claim of relief/deduction under section 90, 90A or 91
  • Any resident having any asset located outside India or signing authority in any account located outside India or any resident having income from any source outside India.

To download the application Form ITR-2A click here: (http://www.incometaxindia.gov.in/pages/downloads/income-tax-return.aspx)

For Guidelines click here:

(http://www.incometaxindia.gov.in/Supporting%20Files/2015/InstructionITR2A_2015_ENG.pdf)

Form No: ITR-3:

Form No: ITR-3 is applicable for individuals & Hindu Undivided Families being partners in firms but not doing any Business or Profession under Proprietorship.

Form No: ITR-3 is applicable for individual & Hindu Undivided Families being partner in a firm but not getting any sort of Income like Salary, Bonus, Commission, Remuneration etc from that Firm.

Form No: ITR-3 is applicable for assessment year 2015-16 only, i.e., it relates to income earned in Financial Year 2014 -15.

 

Note:

  • This Income tax Return Form ITR-3 is not applicable for an individual whose total income for the assessment year 2015-16 includes the Income from Business or Profession under any proprietorship.

 

To download the application Form ITR-3 click here: (http://www.incometaxindia.gov.in/pages/downloads/income-tax-return.aspx)

For Guidelines click here:

(http://www.incometaxindia.gov.in/Supporting%20Files/2015/InstructionITR3_2015.pdf)

 

Form No: ITR-4:

Form No: ITR-4 is applicable for individuals & Hindu Undivided Families whose source of Income is from a Proprietary business or profession.

Form No: ITR-4 is applicable for assessment year 2015-16 only, i.e., it relates to income earned in Financial Year 2014 -15.

 

To download the application Form ITR-4 click here: (http://www.incometaxindia.gov.in/pages/downloads/income-tax-return.aspx)

For Guidelines click here:

(http://www.incometaxindia.gov.in/Supporting%20Files/2015/InstructionITR4_2015.pdf)

 

Form No: ITR-4S-SUGAM:

Form No: ITR-4S-SUGAM is applicable for individuals & Hindu Undivided Families whose source of Income is Presumptive Business.

Form No: ITR-4S-SUGAM is applicable for individuals & Hindu Undivided Families whose source of Income is Business, where such income is computed in accordance with special provisions referred to in section 44AD and 44AE of the Act for computation of business income.

Form No: ITR-4S-SUGAM is applicable for assessment year 2015-16, which includes:

  • Income from Salary / Pension
  • Income from House Property (excluding cases where loss is brought forward from previous years)
  • Income from Other Sources (including Winning from Lottery and Income from Race Horses).
  • In a case where the income of another person like spouse, minor child, etc. is to be clubbed with the income of the assessee, this Return Form can be used where such income falls in any of the above Income categories.
  • The Income computed will be presumed after giving every loss, allowance, depreciation under the Income-Tax Act.

Note: Form No: ITR-4S-SUGAM is not applicable for individuals & Hindu Undivided Families whose source of Income is form the following:

  • Income from more than one house property
  • Income from Race horses/winning lottery
  • Income from Capital Gains
  • Agriculture Income exceeding RS 5000/-
  • Income from speculative Business
  • Any resident having any asset located outside India or signing authority in any account located outside India or any resident having income from any source outside India.
  • Any claim of relief/deduction under section 90, 90A or 91

To download the application Form ITR-4S-SUGAM click here: (http://www.incometaxindia.gov.in/pages/downloads/income-tax-return.aspx)

For Guidelines click here:

(http://www.incometaxindia.gov.in/Supporting%20Files/2015/InstructionITR4S_2015_ENG.pdf)

 

Form No: ITR-5:

Form No: ITR-5 is applicable for a person being firm, LLPs, AOP, BOI, artificial juridical person, cooperative society & local authority.

Form No: ITR-5 is applicable for a person other than Individuals, Hindu Undivided Families, Company & the person filing Form No: ITR-7.

Form No: ITR-5 is applicable for assessment year 2015-16 only, i.e., it relates to income earned in Financial Year 2014 -15.

Note: Form No: ITR-5 is not applicable for individual, who files the return of income under section 139(4A) or 139(4B) or 139(4c) or 139(4D).

To download the application Form ITR-5 click here: (http://www.incometaxindia.gov.in/pages/downloads/income-tax-return.aspx)

For Guidelines click here:

(http://www.incometaxindia.gov.in/Supporting%20Files/2015/InstructionITR5_2015.pdf)

 

Form No: ITR-6:

  • Form No: ITR-6 is applicable for the company other than the company claiming exception under Section 11.
  • Form No: ITR-6 is applicable for the company which is not claiming exception under section 11.
  • Form No: ITR-6 is applicable for assessment year 2015-16 only, i.e., it relates to income earned in Financial Year 2014 -15.

To download the application Form ITR-6 click here: (http://www.incometaxindia.gov.in/pages/downloads/income-tax-return.aspx)

For Guidelines click here:

(http://www.incometaxindia.gov.in/Supporting%20Files/2015/InstructionITR6_2015.pdf)

 

Form No: ITR-7:

  • Form No: ITR-7 is applicable for Individuals including companies who are required to furnish their Income returns under below mentioned sections.
  • Form No: ITR-7 is applicable for person including companies, who are required to file their return of income under section 139(4A) or section 139(4B) or section 139(4c) or section 139(4D) section 139(4E).
  • Form No: ITR-7 is applicable for assessment year 2015-16 only, i.e., it relates to income earned in Financial Year 2014 -15.

To download the application Form ITR-7 click here: (http://www.incometaxindia.gov.in/pages/downloads/income-tax-return.aspx)

For Guidelines click here:

(http://www.incometaxindia.gov.in/Supporting%20Files/2015/InstructionITR7_2015.pdf)

 

Address For sending the Application Forms:

Post Bag No: 1,

Electronic City Office,

Bengaluru -560100,

Karnataka

http://www.incometaxindia.gov.in

IT Form 16 Download, 15CA, 3CA, 3CEB, 26AS, 49A, 60

INCOME TAX FORMS:
The frequently used Income Tax forms for furnishing the Income returns by a person, individual, firm/company etc.
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  • Form No 3CA
  • Form No 3CB
  • Form No 3CD
  • Form No 3CEB
  • Form No 10 A
  • Form No 10 B
  • Form No 15 CA
  • Form No 15 CB
  • Form No 15 G
  • Form No 15 H
  • Form No 16
  • Form No 16 A
  • Form No 26 AS
  • Form No 35
  • Form No 36
  • Form No 49 A
  • Form No 49 AA
  • Form No 49 B
  • Form No 60

Form No 3CA:

Applicable for the persons who submit the audit report under section 44AB of the income tax Act 1961

Applicable for the persons where the accounts of the business or profession audited under any other law

To Download the Form No 3CA:

(http://www.incometaxindia.gov.in/forms/income-tax%20rules/103120000000007765.pdf)

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Form No 3CB:

Applicable for the persons who submit the audit report under section 44AB of the Income tax Act 1961

Applicable for the persons referred to in clause (b) of sub rule (1) of rule 6G

 

To Download the Form No 3CB:

(http://www.incometaxindia.gov.in/forms/income-tax%20rules/103120000000007766.pdf)

 

Form No 3CD:

Form No 3CD is used for the statement of particulars required to be furnished section 44AB of the Income-tax Act 1961.

 

To Download the Form No 3CD:

(http://www.incometaxindia.gov.in/forms/income-tax%20rules/103120000000007767.pdf)

 

Form No 3CEB:

Form No 3CEB is a report applicable for an accountant to file under section 92 E relating to international transactions

Form No 3CEB is a report from an accountant to be furnished under section 92 E relating to specified local transactions & international transactions

 

To Download the Form No 3CEB:

(http://www.incometaxindia.gov.in/forms/income-tax%20rules/103120000000009614.pdf)

 

Form No 10 A:

Form No 10 A is used for applying for registration charitable trust/religious trust/ institution under section 12A (1) (aa) of the Income-tax Act 1961

To Download the Form No 10 A:

(http://www.incometaxindia.gov.in/forms/income-tax%20rules/103120000000007795.pdf)

 

Form No 10 B:

Form No 10 B is applicable to file an Audit report under Section 12A (b) of the Income-tax Act 1961

Form No 10 B is a audit report under section 12A (1) (aa) of the Income-tax Act 1961 for charitable trust/religious trust/ institution

 

To Download the Form No 10 B:

(http://www.incometaxindia.gov.in/forms/income-tax%20rules/103120000000007797.pdf)

 

Form No 15 CA:

Form No 15CA is applicable for a non-resident person to furnish the payments, chargeable to Tax.

Non-resident person should be an individual but not a local/foreign company

 

To Download the Form No 15CA:

(http://www.incometaxindia.gov.in/forms/income-tax%20rules/103120000000007842.pdf)

 

Form No 15 CB:

Form No 15CB is a certificate of an accountant issued to a firm/company

Certificate number is an international number issued by the Accountant

Form No 15CB should verified & signed by an accountant (excluding employees) according to sub-section (2) of section 288 of the Income-tax Act, 1961

 

To Download the Form No 15CB:

(http://www.incometaxindia.gov.in/forms/income-tax%20rules/103120000000007843.pdf)

 

Form No 15 G:

Form No 15G is applicable for a person claiming certain receipts without Tax deduction under sub-sections (1) & (1A) of section 197A of the Income-tax Act 1961

Person should not be a company or firm

 

To Download the Form No 15G:

(http://www.incometaxindia.gov.in/forms/income-tax%20rules/103120000000007845.pdf)

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Form No 15 H:

Form No 15H is applicable for an individual who is having 60 years of age or more for claiming certain incomes without Tax deduction under sub-section (1C) of section 197A of the Income-tax Act, 1961

Form No 15H is applicable for individuals who are having 60 years of age or more, who can claim certain receipts without deduction of tax under sub-section (1C) of section 197A of the Income-tax Act, 1961

 

To Download the Form No 15 H:

(http://www.incometaxindia.gov.in/forms/income-tax%20rules/103120000000007846.pdf)

 

Form No 16:

Form No 16 is applicable for the individuals, where the deduction of Tax is based on salary

Form No 16 is a certificate issued under section 203 of the Income-tax Act, 1961 for the individuals whose Income-tax deduction source will be from income chargeable under the head Salaries.

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To Download the Form No 16:

(http://www.incometaxindia.gov.in/forms/income-tax%20rules/103120000000007849.pdf)

 

Form No 16A:

Form No 16 A is a certificate issued under section 203 of the Income-tax Act, 1961 for the Tax deducted at source.

Form No 16 A is a certificate issued to an individual for the deduction of Tax at source under section 203 of the Income-tax Act, 1961

To Download the Form No 16 A:

(http://www.incometaxindia.gov.in/forms/income-tax%20rules/103120000000007292.pdf)

 

 

Form No 26AS:

Form No 26AS is an Annual Tax Statement under section 203 AA

Form No 26AS is issued on behalf of Income-tax Department

Form No 26AS Annual Tax Statement includes the payments of the assessment year.

 

To Download the Form No 26AS:

(http://www.incometaxindia.gov.in/forms/income-tax%20rules/103120000000007860.pdf)

 

Form No 35:

Form No 35 is an appeal to the Commissioner of Income-tax(Appeals)

To Download the Form No 35:

(http://www.incometaxindia.gov.in/forms/income-tax%20rules/103120000000007889.pdf)

 

Form No 36:

Form No 36 is a form of Appeal to the Income-tax Appellate Tribunal

 

To Download the Form No 36:

(http://www.incometaxindia.gov.in/forms/income-tax%20rules/103120000000007890.pdf)

 

Form No 49A:

Form No 49A is an Application form for the allotment of Permanent Account Number (PAN) under section 139A of the Income-tax Act, 1961

Form No 49A Application form is applicable for all the Indian Citizens, Indian companies/Entities, Unincorporated Entities formed in India.

To Download the Form No 49A:

(http://www.incometaxindia.gov.in/forms/income-tax%20rules/103120000000007917.pdf)

Form No 49AA:

Form No 49AA is an Application form for the allotment of Permanent Account Number (PAN)

Form No 49AA Application form is applicable for Individuals who are not Indian Citizens, companies/Entities incorporated outside India, Unincorporated Entities formed outside India.

 

To Download the Form No 49AA:

(http://www.incometaxindia.gov.in/forms/income-tax%20rules/103120000000007918.pdf)

 

Form No 49B:

Form No 49B is an application form which is used for allotment of Tax deduction & collection of Account number under the section 203A of the Income-tax Act, 1961

 

To Download the Form No 49B:

(http://www.incometaxindia.gov.in/forms/income-tax%20rules/103120000000007919.pdf)

Note: Form No 49B is applicable for:

  • For branch of individual business/Hindu undivided family
  • For branch of firm/AOP/AOP (Trust)/BOI/artificial juridical person
  • This column is applicable only if a single TAN is applied for the whole company
  • If separate TAN is applied for different divisions/branches

 

Form No 60:

Form No 60 Application form is applicable for a person or by an individual who does not have permanent Account Number (PAN) & who does transactions under specified rule 114B

Person or an Individual should not be a Company/Firm

To Download the Form No 60:

(http://www.incometaxindia.gov.in/forms/income-tax%20rules/103120000000007944.pdf)