Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: articles on VAT and GST in India :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TDS :: empanelment :: list of goods taxed at 4% :: due date for vat payment :: VAT RATES :: ACCOUNTING STANDARD :: cpt :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARDS :: VAT Audit :: form 3cd :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4%
 
 
« General »
 Finance Ministry may hike monetary limit for filing tax appeals
 Compilation of all notifications issued ON
 Banking transaction tax to have cascading effect: NIPFP
 While filing tax in India, NRIs do not have to state overseas income
 Tax ease on cards, some daily use items may become cheaper
 It’s one year of GSTN, too
 SBI home, auto loan interest rates cut, set to be effective from Nov 1
 MNCs will have to furnish extra disclosures from March 2018
 High Court Allows Woman To File Income Tax Returns Without Quoting Aadhaar
 If tax status is no longer NRI, all your income is taxable in India
 Tax Benefits from Different Types of Loans under the Income Tax Act, 1961

Filing income tax returns? Heres a checklist
June, 29th 2013

Many must have got their Form 16 from their employers considering that it is that time when you file for income-tax returns (ITR). Remember that the due date for filing ITR is July 31. Mint Money lists out the key documents that you need. TDS from salary

Form 16: It is a document that your employer issues. It is a certificate under section 203 of the Income-Tax Act, 1961 for tax deducted at source (TDS) from income chargeable under the head “salaries”. Simply put, it certifies the tax deducted by the employer. In case you have not received your Form 16, the I-T department provides a worksheet where you can calculate and declare numbers.

TDS for other income

Form 16A: If you have an income other than salary, then the details will be available in Form 16A. The income from other sources includes rental income, income from fixed deposits and securities. You can get this form from each source.

Form 26AS: This form will help you prepare your income tax returns as it helps you verify details of TDS. Through Form 26AS, you can cross-examine if your company or bank has paid the tax and is correctly reported to the I-T department. Declaration of deductions

Considering you will have to declare the amount that is eligible for deduction, you will have to keep all your investment documents ready. Though the deductions will be mentioned in Form 16, you must cross-check.

Other details

To file an ITR, you will have to furnish your Permanent Account Number (PAN) and your bank details. Fill in your correct bank details as in case of refund, if any, if you opt for direct deposit into your bank account, the refund will go to the account that you mention in the form.

What should you do?

“You don’t need professional help to file ITR if your income is only from salary or interest income from banks,” said Rakesh Nangia, managing partner, Nangia Co, a chartered firm that provides tax-related services. “However, if you have income from other sources, you may need professional advice.” There are various ITR filing portals that will help you file returns.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Careers

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions