INSUBCONTINENT EXCLUSIVE:
Income tax return: The taxman has set a March 31 deadline for assessees to link their PAN with AadhaarThe Income Tax Department provides
various forms for income tax assessees to file their ITR or income tax return
Meant for different types of taxpayers, such as salaried or self-employed individuals and companies, these income tax forms are known as
ITR-1, ITR-2, ITR-3, ITR-4, ITR-5, ITR-6, ITR-7 and ITR-V (verification)
The Income Tax Department has prescribed eight different forms for assessees to file and verify their income tax return
For filing and verification of income tax return, the Income Tax Department has provided eight forms, according to its website
individuals having an income from salary, pension, house property or other sources under certain conditions.ITR-VThis form is used for
Traditionally, income tax assessees used to get their ITR submission verified by way of sending a signed ITR-V form to the Centralized
Processing Centre (CPC), Bengaluru
Other than that, the taxman supports other ways such as net banking, ATM and Aadhaar to verify an ITR once it is submitted.Form ITR-1This
for the individuals and Hindu Undivided Families (HUFs) not having income from profits and gains of a business or profession
The form is meant for an individual or an HUF "who is not eligible to file Sahaj (ITR-1) and who is not having any income under the head
'Profits or gains of business or profession'," according to the income tax portal
That means an individual whose total income for assessment year 2018-19 includes income earned from a business cannot use this form.Form
ITR-3Also known as ITR 3, this form is meant for individuals and HUFs having income from profits and gains of business or profession
the Income Tax Department.Form ITR-4Form ITR 4 - also known as "Sugam" - is meant for those with a presumptive income from a business or
individuals (BOI), artificial juridical person and cooperative society, and registered societies.ITR-6This form is meant for the companies
charitable/religious trust, according to the taxman.ITR-7This form is meant for assessees including companies required to furnish return
under Sections 139 (4A), 139 (4B), 139 (4C), 139 (4D), 139 (4E) or 139 (4F), according to the I-T department
These include trusts, political parties, institutions, colleges and investment funds.Meanwhile, the Income Tax Department has provided an
independent portal for e-filing of income tax return - www.incometaxindiaefiling.gov.in
The online services provided by the taxman enables income tax assessees to file and submit their income tax return online in a paperless
way.The Income Tax Department has set a March 31 deadline for income tax assessees to link their PAN or Permanent Account Number with
e-filing portal and through ITR.Get the latest election news, live updates and election schedule for Lok Sabha Elections 2019 on
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